Parkland Parrot

Archive for June, 2011

Is Your Parkland Home Not Selling And Expiring?

Parkland Homeowner – Is Your Home About To Expire?

When you list your Parkland or South Florida home for sale, there is an expiration or termination date on the contract.  When a home goes “expired,” it is not longer for sale on the MLS.  At the end of June and into July, there will be an historical amount of homes that become expired, as the overall housing market continues to stabilize.  As a result, you are free to extend the listing agreement with your current Realtor,choose another real estate agent, or take your home off the market entirely.

Extend Your Listing With Your Current Agent

Now that your listing has expired and not sold, it is time to seriously evaluate the job of your current real estate professional. Understand that over 50% of all listings end up expiring with the first real estate agent.  In fact, from January 2011 to present, there has been 88 Parkland single family homes that have not sold and expired on the market.  Also, there has been a total of 187 homes that have sold and closed so far this year.  As a result, it is imperative for you to interview another agent if you are serious about selling your home.  Even if you remain with your current agent, you will receive more insight and a different perspective in order to better educate yourself during the listing process.  If you had to get surgery, wouldn’t you get a second opinion?

Choose A New Listing Agent

It is important to evaluate the performance of your current listing agent.  Did you allow him/her ample time to market and sell your home?  If so, it is time to seek the advise and feedback from another expert in the field.  Did you receive feedback from the buyers that saw your home during the listing period?  Please contact us, so we can provide you with a list of questions to ask when interviewing the right agent for the job of selling your home.  Your home is one of your largest financial assets.  Please make sure that you interview a true local Parkland expert that has a success selling homes in your area.

Take Your Home ‘Off-the-Market’

Remember, don’t jump to conclusions!  You must be disappointed that your home did not sell quickly and for top dollar.  Before making a rash decision of taking your home off the market for sale, think about the reasons you wanted to sell in the first place.  Are you an empty-nester and have the kids moved out of your home?  Are you looking to downsize or even up-size to a bigger home?  Whatever the reason may be to sell, don’t let the slow housing market affect your decision of moving on to the next chapter for you and your family and accomplishing your goals and dreams. There are exceptional real estate professionals that have sold many homes in your area and are just waiting for the opportunity to show you their skills.

You do not have to look far, as our team would love the opportunity of showing you our custom marketing plan and comparative market analysis to sell your home this time around.  Please visit Our Client Testimonials page and see what your neighbors are saying about our team. Please contact us for a complimentary comparative market analysis and customized marketing plan.  Let our FULL service, aggressive marketing plan work for YOU! Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.

Parkland Real Estate Team Sells Another Pine Tree Estates Home

Parkland Pine Tree Estates Real Estate Home Sold

Parkland Parrot Real Estate Team just sold another Pine Tree Estates home for top market dollar.  This exclusive custom built Key West style pool home had been completely remodeled & enhanced in 2005 and offers  5 full bedrooms plus office with 4.5 bathrooms.

Sold Price: $755,000
3,819 Square Feet Under A/C
$198.00 Per Square Foot

Click Here For Full Details, Pictures & Google Maps Of This Property

This home also has a private gatehouse with secluded walled courtyard.  The entire home has hurricane proof doors and windows along with an open kitchen with coffered ceiling and granite countertops, pantry and more. There is a separate large master suite in the main house with outside patio entrance & full master bathroom.

This home also boasts a separate guest house next to the garage with separate entrance that features a wet bar and full bathroom.  One of the garages has been completely converted into a large home office under air conditioning.

Click Here For Full Details, Pictures & Google Maps Of This Property

Our team specializes in selling home in Parkland Florida.  If you are thinking about selling your home or know a friend or neighbor looking to make a move, please contact us for a complimentary comparative market analysis and customized marketing plan.  Let our FULL service, aggressive marketing plan work for YOU!

Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.  If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.

Related Posts:
5 Reasons To Sell Your Parkland Florida Home Now
Ironic But It Is The Best Time To Sell Or Buy A Parkland Real Estate Home
Will Summer Be The Busiest Parkland Real Estate Season?

Ironic But It Is The Best Time To Sell Or Buy A Parkland Real Estate Home

Calling All Parkland Home Buyers and Home Sellers – NOW Is The Time To Make A Move!

It has become a daily question from potential clients as to when is really the best time to sell or buy real estate.  We certainly do not have a crystal ball, or I would not be selling real estate.  Instead, I would sipping on a margarita on a tropical beach somewhere in the Caribbean.  But, we do go by numbers and realistic market expectations.

The Sun-Sentinel reported earlier today that, “Sales of existing homes in Broward County hit 1,142, up 6 percent from a year ago. It was the third consecutive month that the [Broward County] eclipsed 1,100 sales.”  Buyers are taking advantage of both record low mortgage interest rates and low price points.  But, we are telling are clients that mortgage interest rates will increase in the coming months and into next year making now the best time to pull the trigger on a home purchase.

Sellers also need to be aware that now is the right time to put their homes on the market for sale.  Unfortunately, with good news also comes bad news.  The same Sentinel article also announced that homes prices have continued to decline. Broward County’s median’s price was $188,500, which is down 17 percent from a year ago.  Also, most experts concur that prices will decline, but not as drastically as they have in the past years.  As a result, sellers can put more money in their pockets if they sell NOW instead of waiting!  Time is of the essence.  But, banks and lending institutions are seeing the same statistics of less available homes for sale and will soon start putting their bank foreclosure inventory on the market.

Buyers also need to be aware that even though home prices are expected to decrease, overall monthly home costs will certainly increase as well.  Mortgage interest rates, along with property insurance, are on the rise making it harder in the future for buyers to qualify to purchase new homes.

Bottom Line: No matter if you are looking to buy or sell real estate in Parkland or South Florida, NOW is the time to make a move!  Even better, if you are looking to sell and then buy, you are in the driver’s seat!

Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.  If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.

Birds Eye View Of Parkland Pine Tree Estates Real Estate From 2010 To 2011

Pine Tree Estates – Market Activity – 2010 To 2011

Since, we received a great response from our Parkland Real Estate profile on Parkland Isles, we wanted to discuss the Parkland community of Pine Tree Estates. Our team has sold many homes in Pine Tree Estates over the years, making it one of the most popular communities in all of Parkland, Florida.

In 2010, there was a total of 23 homes sold in Pine Tree Estates.  So far half way through the 2011 year, there has been 12 total home sales in the Pine Tree Estates community.  What does this mean?  Are there more sales taking place now than in 2010?  Where have prices gone from 2010 to 2011 in Pine Tree Estates?  Below, please see two charts:  The first is from 2010, and the second chart is from this year so far:
The highest priced home sale in 2010 was for $1,300,000, and the average sales price was $771,100.  The average home sold for 91% of the list price.  More and more home buyers are taking advantage of the record low prices and calling Pine Tree Estates home!  Below, please find the chart from January to present 2011:

The highest priced home sale so far in in 2011 was for $1,620,000, and the average sales price was $672,566.  The average home sold for 94% of the list price.  So far in 2011, the average sales price has only fallen by 3% from last year.  As a result, the Pine Tree Estates community has remained consistent in the average sales price for the past two years.  Overall homes sales should remain steady again for 2011.  So far, there has been 12 total sales half way through the year.

Pine Tree Estates is one of Parkland’s first prestigious communities with over 633 homes developed from 1974 to present.   There is no homeowner’s association in the community, allowing homeowners to build on and have horses on their properties.  Pine Tree Estates homes sites are on 1-3 acres lots located on the north and south side of Holmberg Road, 1/4 of a mile west of 441 to Riverside Drive, in the heart of Parkland.

Pine Tree Estates is a perfect community for a home buyer looking for space and to live in a non-gated community.  There are many unique homes in the community, where no one home looks like the next.  Pine Tree Estates is also conveniently located close to Parkland’s amazing parks and recreational activities, especially the Equestrian Center at Temple Park. For more information and to search current available Parkland Isles listings for sale, please click: Pine Tree Estates

Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.  If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.

Other Parkland Neighboring Communities:
BBB Ranches
Cypress Head

36 Parkland Florida Homes Sold In May 2011

Parkland Real Estate Single Family Market Home Update For May 2011 Presented By Realtor Michael Citron

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
7720 Ventura Lane	Regular Sale	Cypress Head	$900,000	5/6.5	5,120
7662 NW 127th Manor	Regular Sale	Heron Bay – The Vistas	$820,000	6/5	4,523
6041 NW 74th Terrace	Regular Sale	Pine Tree Estates	$767.900	5/3.5	4,017
8021 Blue Ridge Lane	Regular Sale	Cypress Head	$765,000	6/4.5	3,866
12625 NW 76th Street	Regular Sale	Heron Bay – This Vistas	$695,000	6/5	4,491
12622 NW 68th Drive	Regular Sale	Heron Bay-Waterford Ests	$625,000	5/3.5	3,282
12212 NW 72nd Street	Regular Sale	Heron Bay – Edgewood	$620,000	6/5	4,292
12655 NW 67th Drive	Short Sale	Heron Bay – The Estates	$565,000	3/3	3,427
10654 NW 68th Court	Regular Sale	Fox Ridge	$539,500	6/3.5	3,311
6980 Long Leaf Drive	Bank Foreclosure	Parkland Golf & CC	$520,000	6/4.5	5,004
9661 Ginger Court	Regular Sale	Parkland Golf & CC	$492,500	4/3	4,437
10632 NW 69th Place	Short Sale	Fox Ridge	$490,000	5/3	3,121
6553 NW 99th Lane	Bank Foreclosure	Meadow Run	$485,000	5/3.5	3,697
6739 NW 128th Way	Regular Sale	Heron Bay – Casa Del Sol	$475,000	4/2.5	3,011
6596 NW 72nd Place	Regular Sale	Ternbridge	$472,250	4/3	2,724
10945 NW 71st Court	Regular Sale	Parkland Isles	$468,000	4/3	2,858
7521 Brigantine Lane	Regular Sale	Cypress Head	$465,000	4.3,5	3,479
9317 NW 62nd Court	Short Sale	Grand Cypress Estates	$450,000	4/3	3,192
6425 NW 98th Lane	Short Sale	Meadow Run	$450,000	5/3	3,228
6038 NW 63rd Way	Regular Sale	Pine Tree Estates	$440,000	4/2	2,420
7048 NW 111th Terrace	Regular Sale	Parkland Isles	$430,000	5/3	2,698
9747 NW 65th Place	Short Sale	Meadow Run	$410,000	5/2.5	2,562
9567 Cinnamon Court	Corp. Owned	Parkland Golf & CC	$408,500	5/3	3,356
7660 NW 120th Drive	Short Sale	Heron Bay – The Greens	$407,000	4/3	2,525
6900 NW 83rd Terrace	Short Sale	BBB Ranches	$400,000	4/4	2,360
7142 NW 67th Way	Bank Foreclosure	Ternbridge	$390,000	5/3	2,746
9460 Eden Manor	Short Sale	Parkland Golf & CC	$350,000	5/4	4,800
7374 NW 114th Terrace	Bank Foreclosure	Heron Bay – The Reserves	$327,000	3/3	2,498
10625 NW 83rd Court	Regular Sale	Heron Bay – Creekside	$325,000	4/2	2,182
10785 NW 83rd Court	Bank Foreclosure	Heron Bay – Creekside	$315,000	4/3	2,576
8177 Emerald Avenue	Short Sale	Parkland Golf & CC	$310,000	5/3	3,575
12411 NW 78th Manor	Short Sale	Heron Bay – Heron Cove	$290,000	3/2	2,056
5960 NW 72nd Court	Regular Sale	Parkwood IX	$275,000	4/2	2,228
8269 NW 124th Terrace	Short Sale	Heron Bay – Banyan Isles	$260,000	4/3	2,873
9608 Kenley Court	Bank Foreclosure	Parkland Golf & CC	$260,000	3/3	2,505
6630 Stratford Drive	Regular Sale	The Mews	$189,999	3/2	1,541

There were 36 total single family sales for the month of April, 2011 ranging in price from $189,999 to $900,000. Last month, there were 30 total single family home sales. There was 6 more  Parkland single family homes sold in the month of May, 2011 than in April, 2011. Among the May sales, 18 were distressed sales (bank foreclosures, short sales, or corporate owned properties). 50% of all sales were distresses one, which is approximately 1/4 of an increase from last month’s sales.   Banks and lending institutions are starting to get with the program in regards to negotiating short sales, which is a very good thing for the overall stability of the Parkland real estate market.  11 of the 18 distressed sales were short sales and were mostly in the price ranges of $200,000’s to $400,000’s.

Also, we have definitely seen an increase in buyer activity in Parkland’s Heron Bay community, where 12 of the 30 sales took place for the month of May, 2011. These buyers gobbled up great properties at fantastic price points.  Summer is just about here!  It’s time to get off the real estate fence and come see why Parkland Florida is such a popular place in South Florida to raise a family and live the Parkland Lifestyle.

Every month on our website, you can be assured that we will keep the public abreast of all of the monthly sales and market activity, especially with Parkland short sales and bank foreclosure properties.  We also publish all of the Parkland residential single family home sales, as we know how important it is to know each and every sale that takes place in the City of Parkland. If you would like to see home sales in the past months, please click here.

Know the neighborhood.  Know the value.  Know your hometown agents:  The Parkland Parrot Real Estate Team.  If you are interested in buying or selling in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at 954-609-0591 or send us a message here.

To stay updated with all Parkland real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.