April 2012 Real Estate Market Update
In January – April of this year, there were 24 single family home sales in DuPont. This is down from this same time last year where there were 42 homes sales. In 2010, there were also 42 homes sales during this same time period.
DuPont is starting off very slow in home sales for 2012. The number of single family homes for sale has remained steady – 17 homes for sale in May and that number is the same for last month. But these are not the same 17 homes. Some sellers are choosing to rent and taking their homes off the market, and new listings are coming on the market.
There is a demand for buyers in DuPont but home prices have fluctuated minimally throughout the last several years. DuPont has proven to be a stable market in average price but not in the number of home sales. There are qualified buyers however these savvy buyers are not considering homes with over-inflated listing prices. Sellers still need to price appropriately for the market, stage their homes to sell, and have dynamic marketing.
About Northwest Landing in Dupont, WA
Northwest Landing in Dupont, WA is located just minutes from Joint-Base Lewis McChord (JBLM) on the west side of Interstate 5.
Northwest Landing is still expanding and growing, and when fully built out, there will be approximately 12,000 homes. The residential section of Northwest Landing consists of single family homes, condos, townhomes as well as rental apartments and 55+ housing.
While Northwest Landing 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.
Some of the design elements you’ll notice in Northwest Landing are:
- Streets are narrow to slow traffic and make pedestrian crossing easier.
- Many homes have front porches with garages in alleys so cars won’t hit pedestrians while backing out.
- Multifamily housing is designed to look like the single family homes, and blends in with the neighborhood.
(All data compiled from the Northwest Multiple Listing Service. Data is deemed accurate but not guaranteed.)
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