Northwest Landing in DuPont, WA – June 2012 Real Estate Market Update
June 2012 Real Estate Market Update for Northwest Landing in DuPont, WA
January – June 2011 vs. January – June 2012
In January – June of this year, there were 40 single family home sales in DuPont. This is down from this same time last year where there were 69 homes sales. Inventory levels are down from the last few years, and buyers have fewer choices, which mean home prices are slowly creeping up. We can see that the average sales price has increased slightly from $290,644 to $297,289 for the same time periods.
However today’s sellers still need to price appropriately although average days on market have improved from year-to-date 2011 to 2012. DuPont went from 80 days on market to 68.5 days on market. This shows that sellers are pricing homes correctly; and it also shows short-sales and other distressed sales are working through the banking system more efficiently.
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.)
Interested in living in Northwest Landing? Call me today to find your next home. In the meantime, check out the current DuPont WA homes for sale.