Post Written by: 

Dawn Grasty, A "New Day" in Triangle Real Estate

Broker, Prudential Carolinas Realty

Phone: 919.210.5418

email: dgrasty@nc.rr.com

Web: www.dgrasty.com 

Parkwood is a subdivision in Southwest Durham with excellent access to I-40 and the Durham Freeway (Hwy 147), Research Triangle Park, and The Streets of Southpoint Mall. It's also midway between Chapel Hill and Raleigh, making it an excellent location for couples working in those opposite directions. It's also a breeze to get on the Durham Freeway and head to Duke, Duke Hospital, or the downtown area.

Parkwood is a great neighborhood for first time home buyers, with very affordable homes that have healthy appreciation. Home building in the neighborhood began in the 1960s and continued into the 1990s. You can find a variety of home sizes and styles, all in a very well-maintained environment with parks, lakes, athletic fields, a library, an elementary school, houses of worship, a fire department, a beauty shop, a convenience store, and the Piedmont Wildlife Center.

Parkwood ranked number four in the number of homes sold in Durham subdivisions in 2007. Below are the details of those sales:

Total number of homes sold (includes detached, townhome, and condo sales):  49

Sales price range: $69,900 (for 2 BR / 1 BA condo) to $229,900 (for a 3 BR / 2 BA lakefront home)

Average sale price: $134,900 for the average 3 BR / 2 BA home

Average sale price per square foot: $94 sp/sf

Percent sale price to list price: 99% (sellers were able to get 99% of their asking price)

Average Days on Market: 76 (below Durham's overall average of 87)

**These represent only homes sold in the Triangle MLS. For Sale By Owner and other non-multiple listed homes are not included.

To search for homes currently available in Parkwood, please visit my website: www.dgrasty.com  Or, you can call (919.210.5418) or email (dgrasty@nc.rr.com) and I'll do it for you! We're very proud of our neighborhood, and are always looking for new good neighbors!