Northwood Point real estate consists mostly of medium to big (four, five, or more bedroom) single-family homes and townhomes. The majority of residential real estate is occupied by a combination of owners and tenants. Many of the homes in Northwood Point are established but not old, having been constructed between 1970 and 1999. A handful of dwellings were also constructed between the years 2000 and the present.
The Northwood Point neighborhood has a lower vacancy rate of 0.0% than 100.0% of U.S. neighborhoods, making it a very select group. Such a low vacancy rate may suggest very strong real estate demand in the community, as well as certain constraints to growing supply, such as zoning or existing density of construction, among other possible explanations.
Furthermore, most neighborhoods have a mix of home ages, but Northwood Point is notable for having nearly all of its residential real estate built in one time period, especially between 1970 and 1999, which is typically considered to be established, but not old housing. When you walk around or drive around this area, you’ll notice that many of the houses seem the same because of their age. In fact, 81.6% of the residential real estate in this area was constructed during this time period.
When you get to know the people here, you’ll realize you’re in the company of one of the wealthiest communities in the country. In reality, only 2.4% of America’s neighborhoods are wealthier than Northwood Point. Real estate in this area is extremely well-kept and, as a result, tends to hold its value over time. Mercedes, Audi, BMW, and Lexus are among the luxury brands being driven. If the public schools are inadequate, the people of this neighborhood send their children to private preparatory schools. A Disney vacation? Summers in Europe are also very popular. Northwood Point has one of the lowest rates of child poverty in the country, as one would anticipate in such a rich area.
Furthermore, according to analysis, Northwood Point is one of California’s top neighborhoods for families. In fact, this community is more family-friendly than 97.3% of all neighborhoods in California. Its combination of excellent public schools, low crime rates, and owner-occupied single-family houses gives this neighborhood the appearance and feel of a “Leave It to Beaver” episode. Many other families live nearby, making it simple to socialize and form a strong feeling of community. Furthermore, the high proportion of college-educated parents has an impact on the academic success of the local schools. In general, the Northwood Point neighborhood has everything a family needs to prosper. This neighborhood is an ideal alternative for families with school-aged children, as well as urban sophisticates, college students, and highly educated CEOs.
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