Dunes West
The number of homes sold in Dunes West in 2009 was 80 as compared to 87 sold in 2008. There was a jump in closed sales in November 2009 as homebuyers took advantage of the tax credit that was to expire at the end of November (but was subsequently extended into 2010) and the very affordable prices in the neighborhood.
The sold price per square foot of Dunes West homes continued a downward trend dropping to $155/square foot as compared to $175/square foot in 2008. This figure reflects the duress sales in the neighborhood (short sales and foreclosures) that pulled home values downward.
In 2009 a Dunes West home was on market an average of 191 as compared to 111 days in 2008, a jump of about 2.5 months.
In early November 2009, there were 107 single family homes for sale in Dunes West. By January 3, 2010, that number had decreased to 87 homes.
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Sales & Price Stats for Park West 2009
The number of single family homes selling in Park West has remained fairly consistent over the past several years. In 2009, 123 homes sold up from 120 in 2008 and slightly lower than the 135 homes that sold in 2007. The inventory of available homes for sale has remained around 90 homes for the past several months.
The average days a Park West home took to sell in 2009 was 160, up from 128 in 2008, an increase of about one month.
The average price per square foot of homes that sold took a dip in 2009, decreasing to $144/sf as compared to $160/square foot in 2008.
The median sales price in Park West in 2009 was $365,000 and the average sales price was $387,000, making this neighborhood readily affordable to buyers in the under $400,000 price point.
