The Parkwood community has superb proximity to Chapel Hill, RTP, RDU International Airport and major arteries. All shopping amenities are easily accessible.
The neighborhood is an enclave of homes built over 30 years beginning in the 1960s and ending in the 1990s. The homes are affordable and sit on lots ranging between .3 - .5 acres. A lovely man-made lake, community pool and library all contribute to a small town ambiance. Parkwood is an ideal first time home buyer neighborhood, offering a great price point along with its superb location.
Parkwood Statistics from the Triangle Multiple List Service
In 2006, 56 houses were sold in the Parkwood neighborhood. Of these, the average house was a 1515 square foot, 3 bedroom 1 bath home selling for $142,937. Average time on market was only 70 days, somewhat better than the Durham market average of 81 days.
Durham County Statistics
In 2006, 3643 houses were sold in Durham County. Of these, the average house was an 1920 square foot, 3 bedroom 2 bath home selling for $200,233. Average time on market was 81 days.