Parkland Parrot

Archive for June, 2010

Parkland Real Estate Sales Up And South Florida Foreclosures Down

40 Parkland Single Family Sales In May, 2010 While South Florida Real Estate Foreclosure Filings Are Down

The Sun-Sentinel reported yesterday that Foreclosure filings down in Broward, Palm.  Have we hit the peak of the foreclosure problem?  Is our market showing signs of life?

According to a research report by CondoVultures.com, a South Florida real estate consulting firm, there was a 55% drop in Broward County and a 36% drop in Palm Beach County foreclosure filings.

The Squawk also also reported in our Monthly Parkland Market Update Report that there was a record 40 Parkland home sales in May, 2010 showing a significant increase in sales over the past few months.

RealtyTrac Inc., another foreclosure listing and monitoring company, believes that nationwide foreclosures will remain at high levels but sees foreclosures leveling off in the hardest hit areas around the country, including South Florida.

The reason for the optimism is that banks and lending institutions are starting to get with the program and are implementing better systems to help distressed homeowners through loan modifications and short sales.  As a result, less people are walking away from their mortgages and avoiding foreclosures.  Read our recent article: Should I Short Sale Or Let My Home Go Into Foreclosure?

Still, other real estate analysts believe the worst is not behind us yet.  These skeptics think that that banks have not released all of their foreclosure inventory all at once in order not to flood the market with distressed properties.  Banks fear that if more foreclosures are listed on the market, then there will be another major drop in prices causing nationwide panic.

The Parkland Parrot Real Estate Team sees the light at the end of the tunnel.  We feel that the nation is not “out of the woods” just yet.  But, we are confident that the South Florida real estate market is improving, especially in Parkland.  As mortgage interest rates are now below 5% and low home inventory, it is the best time to purchase a real estate property in Parkland or South Florida. Please give your Parkland and South Florida real estate experts a call today at 954-609-0591.

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland or South Florida, please give us a call at 954-609-0591 or send a note to the squawk.

Parkland Real Estate Home Market Update May 2010

Parkland Real Estate Market Home Update For May 2010 Presented By Realtor Michael Citron

There were 40 total single family sales for the month of May, 2010 ranging in price from $190,000 to $1,120,000.  Last month, there were 29 total single family home sales.

Sales momentum has continued, as more buyers are purchasing in the City of Parkland.  There were 11 more sales in May than in April!  Among the sales, 8 sales were in Parkland Golf & Country Club, and 14 sales were in Heron Bay.  With over half of the sales in May, 2010 in these two communities, Parkland is on fire!

We keep telling our perspective purchasers to get off the real estate fence and buy their dream home in Parkland as interest rates are down and prices are still at record lows!

If you are thinking about buying a Parkland residence and looking for a professional team of Realtors to help you throughout the entire buying process, then please call 954-609-0591.

Our website, ParklandParrot.com, is dedicated to Parkland Real Estate.  Here, you will also be able to find a plethora of information on Parkland schools, houses of worship, neighborhood information, city events, and much more.

Related Articles:
Parkland Real Estate Sales Up And South Florida Foreclosures Down
The Effect Of Increased Mortgage Rates On Parkland Real Estate?

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland and need to speak with a Parkland Realtor or South Florida Realtor, please give us a call at 954-609-0591 or send a note to the squawk.

WCI Knew Parkland Golf and Country Club and Heron Bay Had Chinese Drywall As Early As 2006

WCI Communities Kept Quiet About The Chinese Drywall Problem As Early As 2006

Yesterday, Sun-Sentinel article reports that Bonita Springs-based-homebuilder WCI Communities was aware that homeowners were complaining about Chinese Drywall as early as 2006.  Unfortunately, WCI kept quiet and said nothing to its customers and the government.  This new information was ascertained by ProPublica and the Sarasota Herald Tribune.

The Chinese drywall issue did not catch the public’s attention until early 2009, when South Florida residents started to complain about foul smells and damaged appliances.

We reported that WCI emerged from bankruptcy protection last September. WCI built Heron Bay and Parkland Golf & Country Club, which are among the region’s hardest hit by Chinese drywall.

If WCI Communities hid the Chinese drywall problem from the many homeowners that purchased in their communities, then there is no telling what else they could be covering up from the public!

Buyers beware!  I urge perspective Parkland home buyers to hire professional and licensed home inspectors that also specialize in Chinese drywall inspections.  Any home built in 2001 or sooner should have a Chinese drywall inspection performed.  It is better to spend the extra money, so you do not become another victim of Chinese Drywall or other issues caused by WCI Communities.

WCI Communities -  Shame On You! Shame On You!

To stay updated with all of the current Parkland real estate home information, receive our blog posts directly to your inbox by subscribing to the squawk.

If you are interested in buying or selling a real estate property in Parkland or South Florida, please give us a call at 954-609-0591 or send a note to the squawk.