Beverlywood Area Market Update for December 2014

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Beverlywood Single Family Homes
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Here is my monthly Beverlywood Area Home Market Update December 2014 for single family home activity for the month prior according to data from the MLS (multiple listing service).

According to the MLS, a total of 11 homes sold in the Beverlywood and Adjacent area during the entire month of November 2014 compared to 25 last month and 15 in November 2013. The single family homes that sold took an average of 70 days, compared to an average of 62 days the month prior, and sold for 99.91% of their asking price at an average of $549.00 per sq. ft. Currently, there are 24 Single Family homes for sale, compared to 33 last month, and 30 this time last year. The 24 For Sale homes have been on the market for an average of 60 days with a median price of $1,057,500 and an average of $1,244,292. The MLS shows there are currently 26 Single Family homes in escrow. Analysis: The low inventory, seller’s market theme continues. Another month with more homes in escrow (26) than for sale(24).

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