The Parkmead Neighborhood in Walnut Creek
One of our favorite Walnut Creek neighborhoods is the Parkmead area (in the 94595 zip code). This is a highly desirable neighborhood, and has had very low inventory over the last couple of years. Generally when a home does come on the market, home buyers are jumping all over them! Once open house events start, there is a flurry of home buyers wanting to get into the Parkmead neighborhood.
When a new home hits the market in Parkmead, we will go preview it on Broker’s Tour and the place is crowded with other agents there to see it on behalf of their clients. Major buzz around these homes!
This article is going to take a look at the performance of the Parkmead neighborhood for 2014 so far. We want to give you a bird’s eye view of how the neighborhood is performing so that you can get a clear idea of what is going on there.
Parkmead Neighborhood, Walnut Creek Real Estate Data
The information that we are presenting to you, was pulled from the MLS. This information covers homes that were listed from January 1st, 2014 to today (October 19, 2014). This will cover active, pending, and sold homes. Information regarding expired listings, withdrawn or cancelled won’t be included. Also, we are only looking at single-family detached homes in this post, not condos or townhomes.
See below for the information in Q&A style, plus an infographic at the bottom.
How many homes in the Parkmead area have been listed so far this year?
– So far, Parkmead has had only 31 homes be listed in 2014! This makes for a very competitive area for buyers, and great results for sellers.
How many homes are active in Parkmead right now?
– There are 5 homes active in the area right now, with another 4 that are currently pending in contract.
How many homes have sold in Parkmead this year?
– At the time of this writing, 21 homes have closed.
How quick are Parkmead homes selling?
– The average “days on market,” was only 20 days! Homes that came sold very quick! Even as quick as two days in some cases.
What is the average list price for a Parkmead home in 2014?
– At the time of this writing, the average list price is at $1,025,659.
What is the average selling price for a Parkmead home in 2014?
– At the time of this writing, the average sold price is at $1,016,072.
The best way to describe the real estate market in Parkmead right now is that it is a strong seller’s market. Inventory has been extremely low, and it is one of the more desirable areas in Walnut Creek. With buyers hungry to get into that neighborhood, it’s no wonder that it has been performing so well for sellers. Parkmead offers a neighborhood feel that is pretty unmatched, in that you are truly in a neighborhood area that is detached from the rest of the town. However, you are a close walk to downtown Walnut Creek and very close to commute options.
The data used for this blog post was compiled from the MLS for January 1, 2014-October 19, 2014 for Active/Pending/Sold Properties, and is intended for personal use by the consumer. This information is not comprehensive; some sales information may not be included here. This information is deemed reliable, but not guaranteed. Sorry, we have to say all that! Have a great day!
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