Parkland Parrot

Archive for November, 2011

25 Parkland Single Family Homes Sold in October 2011

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

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
8968 Pinebrook Ct	Regular Sale	In The Pines	$1,250,000	5/6.5	5,255
7613 Rocky Lane	Regular Sale	Cypress Head	$807,000	4/4	3,955
6930 W Cypresshead Dr	Regular Sale	Cypress Head	$793,888	5/5.2	4,596
6893 NW 116th Ave	Regular Sale	Heron Bay – Olde Brooke	$764,000	5/4.5	4,500
6252 NW 65th Ter	Regular Sale	Pine Tree Estates	$617,000	5/4	3,470
7089 NW 65th Ter	Short Sale	Pine Tree Estates	$560,500	5/3	3,569
7015 Spyglass Ave	Regular Sale	Parkland Golf & CC	$550,000	4/3	3,297
6748 NW 110th Way	Regular Sale	Parkland Isles	$485,000	5/3.5	3,063
9574 Ginger Ct	Regular Sale	Parkland Golf & CC	$450,000	5/3	3,044
6694 NW 70th Place	Short Sale	Ternbridge	$446,200	5/4.5	3,424
7230 NW 64th Ter	Regular Sale	Ternbridge	$440,000	4/3	2,465
8251 NW 122nd Lane	Regular Sale	Heron Bay – Banyan Isles	$430,000	4/3	3,282
11555 NW 75th Manor	Regular Sale	Heron Bay – The Reserves	$425,000	4/3	2,550
7078 NW 67th Ter	Regular Sale	Ternbridge	$408,000	3/2.5	2,700
10447 NW 58th Place	Regular Sale	Waters Edge	$400,001	5/3.5	3,228
8255 NW 105th Lane	Regular Sale	Heron Bay – Creekside	$375,000	4/3	2,765
10752 NW 61st Court	Regular Sale	Parkland Isles	$365,000	4/3	2,327
6740 NW 75th Place	Regular Sale	Whitier Oaks	$330,000	4/3	2.262
5751 NW 62nd Manor	Short Sale	Country’s Point	$280,000	4/2.5	2,361
9509 Ginger Court	Short Sale	Parkland Golf & CC	$270,000	5/4	3,645
6321 NW 58th Way	Bank Foreclosure	Sable Pass	$270,000	4/2.5	2,681
7908 NW 62nd Way	Regular Sale	Mayfair	$250,000	3/2	1,867
5496 NW 78th Drive	Regular Sale	Mayfair	$240,000	3/2	1,736
7887 NW 62nd Ter	Short Sale	Parkland Place	$210,000	3/2	1,909
8019 66th Way	Regular Sale	Mayfair	$208,000	3/2.5	2,308

There were 25 total single family sales for the month of October 2011 ranging in price from $208,000 to $1,250,000 Last month, there were 29 total single family home sales. There were 4 less Parkland single family homes sold in the month of October, 2011 than in September, 2011. Among the October sales, 6 were distressed sales (bank foreclosures, short sales, or corporate owned properties).24% of all sales were distresses ones.

As stated in our September market report, it is typical that Parkland and South Florida home sales decline around this time as buyers and sellers focus more on the upcoming holiday season.  But, great news is that there were only 6 distressed sales in the entire month of September.  With less bank foreclosures and short sales on the market, the overall Parkland and South Florida will stabilize in the coming months.

If you are thinking about making a move to Parkland, Florida, now is the time, as interest rates are at record low levels.  Also, homes in Parkland have never been more affordable than right now!  Parkland is one of the best places in the country to raise a family with excellent schools, parks & recreational activities to enjoy.

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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Parkland and South Florida Foreclosure Process Delayed By Courts

Should Courts Be Cut Out Of Foreclosure Process?

How long does it take for a bank to foreclosure on a homeowner?  Surprisingly, it takes approximately 761 days from the last mortgage payment to when the bank finally forecloses on a home according to LPS, a technology and mortgage data firm based in Jacksonville, Florida.  Foreclosures are dragging in the State of Florida and take about 6 months longer than non-judicial states.  As a result, the overall Parkland and South Florida real estate market is negatively impacted.

The repossession process in Florida remains low with less than 2 percent of the foreclosure inventory going to auction.  Florida’ s Governor Rick Scott and other lawmakers are calling for court influence on foreclosures to be ended.  These lawmakers believe that a faster process would help stabilize the housing market.  But opponents to Governor Scott believe that not having a third party court system involved in the foreclosure process would allow banks to quickly push homeowners out of their homes.

I believe that banks must follow proper protocol before being able to foreclose on homeowners.  Distressed homeowners should also be able to receive enough notice in order to move out of their homes.  Only time will heal the real estate wounds from bank foreclosures and short sales.  But, if we are already behind 6 months from the rest of the country with non-judicial influence, we can help speed up the process in order to get our real estate market back on track in Parkland and the rest of Florida.

Know the neighborhood. Know the value. Know your hometown agents: The Parkland Parrot Real Estate Team. If you are interested in buying or selling a home 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.