Sales rose to two homes sold over the last 30 days in the Parkwood market. Sellers can expect less competition, however, due to a three-week downward trend in homes coming into the market, now down to one for the same period. All indications show that the trend may be coming to an end, meaning more new listings over the next few weeks. As new listings trended lower, months of inventory continued to fall, trending downwards for four weeks to reach zero months.
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Over the last 30 days, sales in the Parkwood market remained at their current pace of one homes. However, the amount of pending transactions continued to improve, reaching a total of one during the same period. All indications show that the trend may be coming to an end, meaning less pending transactions over the next few weeks. The median sales price in Parkwood stayed put this week at $198,900.
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Parkwood has a cost of living adjustment score of 97.3, which is much less expensive when compared to others in California. Also, the area is considered less affluent than average with a median income of $39,924 per household. With a median age of 22 years, homes in Parkwood tend to be of moderate age. The top school in the city is Howard Elementary School.
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The Parkwood market was quiet this week as no sales were reported over the previous 30 days. Parkwood usually averages 0.8 sales per month.
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The Parkwood market was quiet this week and reported zero home sales over the last 30 days. Parkwood usually averages 0.8 sales per month.
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$149K  
Sellers in Parkwood weren't able to find buyers for their properties, resulting in a 30 day period of no sales. Parkwood usually averages 0.8 sales per month.
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$149K  
No deals were completed in the Parkwood market over the last 30 days. Parkwood usually averages 0.8 sales per month.
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$149K  
While home sales in the Parkwood market have been above average, in this week's report they slid 50.0% to one home sold over the last 30 days. In comparison, nearby Madera had 18 sales in the same time frame, the most of all neighboring cities. The median sales price dropped to $109,000 over the latest reporting period for Parkwood, down from $132,000. In spite of the decrease in sales, a low two months of inventory signals that Parkwood is a definite seller's market.
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$169K  
With 2,268 residents, Parkwood is an average-sized city in California. Also, with 3,251.2 people per square mile, it has a higher than average density in comparison to other parts of the state. Parkwood is an area where most people own their homes, with an ownership ratio of 52.6%. Topping the list of best schools in the city is Howard Elementary School.
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$149K  
The Parkwood market will be more selective in the short term. Sales have dropped this week to two homes sold over the last 30 days, and there is also a new upward trend of new listings, with one going live in the same time frame. All indications show that the trend may be coming to an end, meaning less new listings over the next few weeks. Perhaps due to the new listing numbers, months of inventory is on a four-week upswing, this week hitting two months. Despite the slip in sales from last week to this week, the low inventory indicates that Parkwood is still a definite seller's market.
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