Beachwood N.J. real estate report

Beachwood - This is the real estate report for single-family homes in Beachwood for February 2010.

There are 12.15 months of inventory (months to sell present inventory at present sales rate), 98 active listings with an average list of $272,933 spending an average 119 days on the market.

Last month, there were 17 new listings carrying an average list price of $253,245. The number of new listings for February of last year was 18; however, the average list price was $349,983, indicating a drop in the pricings of new listings over the course of the past year.

Four homes are presently pending with a list value of $339,470 after 132 days on the market. This is in contrast to last February's six pending sales with an average list price of $261,316.

There were four sales this February, carrying an average list price of $224,400 and a final average sale price of $212,225 after spending 94 days on the market. Last February, there were seven sales with an average list of $253,971 and a final sales price of $227,857 after spending 97 days on the market.

Two homes are under contract with an average list price of $255,687, averaging 33 days on the market. Likewise, two homes were under contract for February of last year, but with an average list price of $336,500 after 109 days on the market.

Eight homes listed expired after an average of 299 days on the market and holding an average list price of $338,337. Eight homes listed also expired last February, after an average of 156 days on the market and holding an average list price of $295,700.