Parkland Parrot

Archive for October, 2011

Where Is The Fresh Home Inventory In Parkland Florida?

Where Are The New Parkland Real Estate Home Listings For Sale?

Currently, there is a large amount of buyer activity in Parkland, Florida.  The Parkland Parrot Real Estate Team has represented 4 sales in the past month.  But, I have noticed that there is a lack of fresh home inventory coming on the market.  In past years, there has been a new influx of homes for sale in Parkland.  The good news for home sellers is that more houses are selling in Parkland and South Florida.  The bad news for buyers is that there is not as many homes to choose from.

As a result, we are seeing homes in the City of Parkland selling for top market dollar, as more and more buyers are looking to call Parkland home.  With increase demand and less supply of available homes, buyers are having to pay a little more to get the right home.  Record low interest rates have also caused more buyers to get off the fence and purchase.

There are currently 153 homes for sales in Parkland, Florida.  Please click: Available Parkland Homes

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.

Related Posts:
Real Estate Inventory Down and Home Sales Up
Wall Street Journal and Forbes: It’s Time to Buy A Parkland Home
Should I Wait To Buy A Parkland or South Florida Home?

Wall Street Journal and Forbes: It’s Time to Buy A Parkland Home

Calling All Parkland and South Florida Home Buyers – It’s Time To Get Off The Real Estate Fence!

I have been professing for the past 6 months that it truly is the best time to purchase a home in Parkland and South Florida. But, some may think that real estate professionals are only saying this because we are looking to close more transactions and earn more commissions.  Because of that, today I wanted to quote two of the largest media outlets in the newspaper and magazine industries that are also advising their readers to purchase homes now.

The Wall Street Journal

Last week, I read an article entitled It’s Time to Buy That House, and the WSJ told their subscribers:

“It’s an excellent time to buy a house, either to live in for the long term or for investment income…Houses aren’t the magic wealth creators they were made out to be during the bubble. But when prices are low, loans are cheap and plump investment yields are scarce, buyers should jump.”

MarketWatch.com, which is WSJ’s online blog told their readers the following:

“Now could be the best time in history to buy a home.”

Forbes.com

In a report to their readers, Capital Economics reported that:

“The previous declines in house prices and the more recent drop in mortgage rates to record lows have created an unusual situation in which the median monthly mortgage payment is more or less the same as the median rental payment.”

Why is the quote so important to potential home buyers? Last week, Forbes explained to their readers:

“If rents simply kept up with inflation at a 3.2% annual increase, a $1,500 rent payment would cost that renter nearly $900,000 over the next 30 years. The same $1,500 payment made to their mortgage would be only $540,000 (because the payments don’t increase with inflation).”

They went on to explain the advantages of homeownership during retirement:

“Even with a dismal 1% growth rate over 30 years, a $300,000 property would appreciate well over $100,000 giving the homeowner an additional nest egg for retirement… At a time when retirement is becoming much more challenging, an extra $400,000 (or likely more) can make a major difference not to mention the impact of NOT having to pay a mortgage.  How much less would you have to save for retirement if you didn’t pay the mortgage?”

Bottom Line:

You know that is it the right time to buy a home when both iconic financial newspaper and magazine companies both profess that now is truly the best time to buy a home.

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.

29 Parkland Single Family Homes Sold in September 2011

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

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
8968 Pinebrook Court	Regular Sale	In The Pines	$1,250,000	5/6.5	5,255
6960 NW 70th Street	Regular Sale	Cypress Trail	$835,000	6/4.5	4,369
6930 W Cypress Drive	Regular Sale	Cypress Head	$793,888	5/5.2	4,596
6005 Pinewood Avenue	Short Sale	The Pines	$755,000	6/5	4,948
11754 NW 79th Court	Regular Sale	Heron Bay-Sawgrass Bay	$730,000	6/5	4,697
6930 Long Leaf Drive	Regular Sale	Parkland Golf & CC	$697,500	5/5.5	4,699
6280 NW 104th Way	Regular Sale	Meadow Run	$565,000	5/3.5	4,235
9287 NW 62nd Court	Regular Sale	Grand Cypress Estate	$565,000	5/3	3,192
11320 NW 77th Place	Short Sale	Heron Bay Greenbrier	$555,000	5/4	4,787
7410 Brigantine Lane	Short Sale	Cypress Head	$540,000	4/4	5,605
6963 NW 66th Avenue	Regular Sale	Pine Tree Estates	$533,500	4/3	3,197
9931 NW 58th Court	Regular Sale	The Landing	$455,000	5/3.5	4,222
6264 NW 102nd Way	Regular Sale	Meadow Run	$450,000	4/3.5	2,920
8092 NW 109th Lane	Bank Foreclosure	Heron Bay-Meadowbrook	$425,888	4/3	3,235
8445 NW 62nd Place	Regular Sale	Tall Pines	$425,000	5/3	2,697
7522 NW 110th Drive	Regular Sale	Parkland Reserve	$420,000	4/3	2,320
7583 NW 113th Ave	Regular Sale	Parkland Reserve	$420,000	4/3	2,751
8052 NW 123rd Ter	Regular Sale	Banyan Isles	$410,000	4/3	2,600
7078 NW 67th Ter	Regular Sale	Ternbridge	$408,000	3/2.5	2,700
8146 Emerald Avenue	Short Sale	Parkland Golf & CC	$400,000	5/4	4,882
6120 NW 58th Way	Regular Sale	Sable Pass	$372,500	4/2.5	2,675
9751 Kenley Court	Short Sale	Parkland Golf & CC	$360,000	4/3	3,633
8159 NW 106th Lane	Regular Sale	Heron Bay-Creekside	$330,000	4/2	2,000
11000 NW 64th Drive	Regular Sale	Parkland Isles	$330,000	3/2	1,997
6439 NW 58th Wat	Regular Sale	Country’s Point	$280,000	3/2.5	2,505
5909 NW 59th	Short Sale	Heron Bay-Sable Point	$270,000	3/2.5	2,652
12540 NW 83rd Court	Short Sale	Heron Bay-Sable Point	$250,000	5/4	3,770
12319 NW 80th Place	Short Sale	Heron Bay-Banyan Isles	$210,000	4/3	2,800
8019 66th Way	Regular Sale	Mayfair	$208,000	3/2.5	2,308

There were 29 total single family sales for the month of September 2011 ranging in price from $208,000 to $1,250,000 Last month, there were 40 total single family home sales. There were 11 less Parkland single family homes sold in the month of September, 2011 than in August, 2011.  Among the September sales, 9 were distressed sales (bank foreclosures, short sales, or corporate owned properties). 31% of all sales were distresses ones.

I am pleased to announce that I represented two sellers and one buyer that closed on homes this month.  I listed and represented the buyers on a home in Meadow Run West at: 6280 N.W. 104th Way.  I also represented the sellers on a successful sale in Meadow Run West at: 6264 N.W. 102nd Way.  It is a true pleasure working with Parkland clients.  It is great to see the faces of new owners that are truly excited to live and raise their families in our beautiful city.

The decrease in home sales in September is a direct result of the new school year as well as the coming holiday season.  During this time, residents and potential buyers are focused more on their families and not as much on real estate.  But, we are telling both potential sellers and buyers, that now is the perfect time to sell or buy.  If you are a seller, you will not have as much competition on the market at the current time.  But, in early 2012, more Parkland residents will be putting their homes on the market for sale after the holiday season.  Potential buyers should also get off the fence now and buy, as interest rates are at record low levels.  You couldn’t ask for a better time to make a move!

Every month, I make sure to post each and every single family home sale that takes place in the City of Parkland, Florida. Being a Parkland resident, I know how important is to keep abreast of the monthly real estate sales and market activity.  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.

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