Parkland Parrot
Archive for the 'Market Report' Category
Parkland Real Estate Home Market Update February 2010
There were 19 total sales for the month of February, 2010 ranging in price from $216,000 to $1,650,000. Of the total sales in the month of February, 11 were regular sales, 5 were short sales, and 3 were bank foreclosure sales.
Good news is that Parkland had 9 more total single family home sales in February than in January of this year. We have increased our sales momentum, which is good for our overall market.
Unfortunately, of the total 19 sales, 8 of them were distressed sales which proves that short sales and bank foreclosures will continue to have a negative impact on the real estate market.
On a brighter note, we expect to see more sales in the next three months as sales momentum from buyers should increase due to low interest rates, the $8,000 first time home buyer tax credit, and knowing that FHA mortgage guidelines will tighten in the Spring and Summer months making now the best time to get off the fence and buy a Parkland home.
We are also proud to announce the closing of our Pine Tree Estates listing located at: 6920 NW 66TH AV, Parkland, FL 33067 in the month of February.
I Know The Value Of Your Home. Do You? Please give us a call at 954-609-0591 for a free comparative market analysis. Let our FULL service, AGGRESSIVE marketing plan work for you!
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If you are interested in buying or selling a real estate property in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.
Parkland Real Estate Market Update January 2010
There were only 10 total sales for the month of January, 2010 ranging in price from $365,000 to $1,800,000.
Of the total sales in the month of January, 9 were regular sales and only 1 was a short sale. We have gotten off to a slow start, but this is typical for the first month of the year. We are looking for a strong rebound in Parkland sales in the coming months.
We closed our listing at 6213 N.W. 63rd Way in the month of January for $805,000 (see chart in green).
I Know The Value Of Your Home. Do You? Please give us a call at 954-609-0591 for a free comparative market analysis.
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, please give us a call at 954-609-0591 or send a note to the squawk.
Parkland Real Estate Home Sales Update December 2009
There were 31 total single family sales in Parkland ranging from $232,000 to $875,000. 6 were Short Sales, 8 Foreclosures, and 17 Regular Sales. 55% of the homes that sold were Regular Sales, and 45% were Distressed Sales.
There were exactly 31 single family sales in the month of November in Parkland. There were 5 more regular sales and 5 less distressed sales in the the month of December. Prices have been continue to decline, as sales are increasing. Many of the distressed sales were in the lower price ranges between $230,000’s to $330,00’s.
We are again glad to see that home sales have continued to pick up in Heron Bay and Parkland Golf & Country Club. Let’s hope the Parkland real estate market continues to improve, and sales continue to rise.
To view November 2009 Parkland sales, please click here.
I Know The Value Of Your Home. Do You? Please give us a call at 954-609-0591 for a free comparative market analysis.
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, please give us a call at 954-609-0591 or send a note to the squawk.
Parkland Real Estate Market Update For November 2009
31 Parkland Single Family Sales In November, 2009
There were 31 total single family sales in Parkland ranging from $280,000 to 1.2 million. 13 were Short Sales, 6 Foreclosures, and 12 Regular Sales. 39% of the homes that sold were Regular Sales, and 61% were Distressed Sales.
There were 13 more sales in the month of November than in the month of October, which is great news! Other exciting news is that there were many sales this past month in both Heron Bay and Parkland Golf & Country Club. 16 Sales alone were in Heron Bay, and 6 Sales were in Parkland Golf & Country Club. These two communities have been affected by Chinese Drywall, and FINALLY both communities are showing signs of life in closed sales! Both communities offer tremendous amounts of upgrades and resort-style amenities for residents.
With 61% of ALL sales being foreclosures and short sales, this trend will certainly continue into the New Year. Overall, I am very pleased with an increase in sales for the month of November. Sales are actually picking up, and I hope this trend continues into 2010!
I Know The Value Of Your Home. Do You? Please give us a call at 954-609-0591 for a free comparative market analysis.
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, please give us a call at 954-609-0591 or send a note to the squawk.
Parkland Real Estate Roundup January To Date
Parkland Real Estate Home Market Activity
As we get closer towards the end of the calendar year, I wanted to research what types of homes have been selling in Parkland. After further research, there have been a total of 274 single family sales year to date. Among the 274 sales, 107 were distressed sales (Short sales or bank foreclosures), and 167 were regular sales.
It is amazing to believe that distressed sales are becoming even more prevalent in Parkland. Almost 40% of the total sales were foreclosures or short sales in 2009. Even in a luxury market like Parkland, distressed sales are going to continue to grow in 2010.
I also researched and found that there are currently 78 pending short sales, and 16 pending bank foreclosures, where potential buyers and sellers are anxiously awaiting approvals from the banks. There are ONLY 31 pending regular sales awaiting to be closed.
If you have owned a home in Parkland for an extended period of time and are not in financial distress, it may be a perfect time to list your home on the market. Many buyers want to close sooner than later and do not wish to experience the long process of purchasing a distressed sale. Your home may be worth more than you think! You may also be able to take advantage of portability on your taxes to another property. Please give us a call at 954-609-0591 for a free comparative market analysis.
To stay updated with all of the current Parkland real estate information, receive our blog posts directly to your inbox by subscribing to the squawk.
If you are interested in buying or selling real estate in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.
Parkland Real Estate Market Update For October, 2009
18 Homes Sales In Parkland For The Month Of October
There were 18 total single family sales in Parkland ranging from $220,000 to 3.9 million. 8 of the 18 sales were either short sales or bank foreclosures. There were 8 less sales in the month of October than in September as the market continues to settle.
Distressed sales are also becoming more prevalent in Parkland and will continue in 2010. Right now, there are over 70 pending distressed real estate sales in Parkland.
I Know The Value Of Your Home. Do You? Please give us a call at 954-609-0591 for a free comparative market analysis.
To stay updated with all of the current Parkland real estate information, receive our blog posts directly to your inbox by subscribing to the squawk.
If you are interested in buying or selling real estate in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.
Parkland Real Estate Market Update For September, 2009
26 Homes Sales In Parkland For The Month Of September
As you can see from the chart below, many savvy Parkland homebuyers are taking advantage of the record low prices being offered on homes in Parkland Golf & Country Club. The highest price sale for the month of September was a 6 bedroom mansion in Parkland Golf & Country Club which closed for $2,271,412, significantly discounted off the $2,900,000 asking price. The lowest priced home to sell was a short sale 3 bedroom listing in Parkside Estates at a bargain price of only $226,000.
Parkland buyers are seeking deals and many of the sales were in the $300’s to $400’s.
What a great time to buy! NOW is the time for potential buyers to get off the fence and buy at record low prices! Interest rates are back to record lows and jumbo loan restrictions have eased up as well!
To stay updated with all of the current Parkland real estate information, receive our blog posts directly to your inbox by subscribing to the squawk.
If you are interested in buying or selling real estate in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.
Parkland Real Estate Foreclosure Update
Current Parkland Foreclosure Real Estate Update
Currently, there are ONLY 289 active Parkland single family listings on the market, with ONLY 10 being foreclosure listings. Parkland residents should be ecstatic at this exciting news, as the market is showing signs of settling! Inventory is low and buyer activity has increased in the past few months. 
Typically, foreclosure, or bank owned properties, have a very large impact on the current market values of properties. Banks are trying to sell their inventory quickly at a discounted price. When a foreclosure sells, appraisers are forced to use these homes as comparable sales when performing appraisals on pending sales. But, the less foreclosure inventory on the market, the better the values will maintain through the rest of 2009 and hopefully into 2010. Also, with less than 4% of the active single family Parkland listings being foreclosures, buyers will be forced to look at regular listings. As a result, current Parkland sellers have been receiving more showings on their homes. More traffic will ultimately equals more offers!
If you are potential buyer who is still sitting on the fence, waiting to get a better price, think again! Many Parkland listings are getting multiple offers and are closing close to asking prices. Potential buyers are starting to smell the coffee!
To stay updated with all of the current Parkland real estate information, receive my blog posts directly to your inbox by subscribing to the squawk.
If you are interested in buying or selling real estate in Parkland, please give us a call at 954-609-0591 or send a note to the squawk.
Michael Citron / Rosy Baron
Parkland Specialists
RE/MAX ParkCreek
Direct:954-609-0591
Office:954-449-9704
Email:Link
