DuPont, WA – July 2012 Real Estate Market Update
July 2012 Real Estate Market Update for DuPont, WA
January – July 2011 vs. January – July 2012
DuPont has and continues to survive the wild wave of the real estate market. As I’ve reported for many months, DuPont has remained a relatively stable compared to the rest of Pierce County. This is due primarily to its location to I-5 and to Joint-Base Lewis McChord.
The average home sales price in all of Pierce County for the month of July 2012 is $218,296. For DuPont, that average is $299,394.
The number of homes sold is down compared to years’ past but so is inventory. There are fewer homes for buyers to choose from and this has led to the average sales price inching up.
Other good news is we are seeing multiple offers. Buyers are out there and are willing to compete for a well-priced home. BUT today’s sellers in DuPont still need to price appropriately. Just because the numbers are turning around doesn’t mean list prices can be over-inflated. Sellers will not receive showings nor an offer on homes that are over-priced for the current market conditions.
About Dupont, WA
Dupont, WA is located just minutes from Joint-Base Lewis McChord (JBLM) on the west side of Interstate 5.
DuPont is still expanding and growing, and when fully built out, there will be approximately 12,000 homes. The residential section of DuPont consists of single family homes, condos, townhomes as well as rental apartments and 55+ housing.
While Northwest Landing in DuPont is a large community, the design of the neighborhood was carefully planned to create continuity and promote green living. With an extensive system of sidewalks, bike lanes and walking trails, Northwest Landing encourages leaving the car at home when visiting the city center with amenities such as shopping, restaurants, and other services.
(All data compiled from the Northwest Multiple Listing Service. Data is deemed accurate but not guaranteed.)
Interested in living in Northwest Landing? Call me today to find your next home. In the meantime, check out the current homes for sale in DuPont WA.