Asking Price: $1,199,000
7,300 Square Feet
6 Bedrooms Plus Den, Gym, & Private Office
4 Full Bathrooms, I Half Bathroom
3-Car Garage
Click Here For Full Details, Pictures, & Google Maps Of This Property

Parkland Realtor Michael Citron just listed another stunning home in the prestigious man-gated community of Tall Pines. This Amazing 2-Story Lakefront Estate Home Is Located On A Full Sized Acre Lot In Parkland’s Man-Gated Community Tall Pines.  This Home Is Perfect For A Large & Growing Family.  The Home Also Sits On A Large Cul-De-Sac Lot.  The Home Was Built By Prestigious Mrachek Builders!

This Home Has Soaring Ceilings That You Have To See In Order To Fully Appreciate, 6 Bedrooms Plus Den, Gym, Loft, & Office.  The home has 4.5 Bathrooms.  There is a private in-law suite on the first floor that is perfect for guests or family.There Is A Floor To Ceiling Built-In In the Family Room With Wall Unit & Wood-Burning Fireplace.The Home Has A Prestigious Entry With A Long Driveway  With Enough Space For A Full Basketball Court.  There Is An Oversized Three-Car Garage.  This Home Is Also Lushly Landscaped With Large Palm Trees & Canary Palms That Shade The House.  The Backyard Has A Screened-In Patio Area With A Full Bar With Built-In Barbeque Area Perfect For Entertaining Guests.  The Long Tropical Pool Also Has A Kids Shallow Area Which Is Perfect For Young Children.  There Is Also Plenty Of Patio Space To Soak Up The South Florida Sun! There Is Also A Cabana Bath Which Has A Private Entrance To The Patio & Pool Area.

Click Here For Full Details, Pictures, & Google Maps Of This PropertyThe Master Bedroom Is Fit For A King & Queen With A Stunning Built-In Entertainment Center, 2 Large Walk-In Closets, & An Oversized Sitting Areas.  Master Bath Has Separate His & Her Vanities & Sinks, Jacuzzi Tub, & Large Sauna Shower.  The Home Has Hurricane Shutters Throughout.  Spacious Separate Bedrooms On The 2nd Floor Gives The Rest Of Your Family Privacy.  This Home Also Has An Office Right Off The Master Bedroom That Has Built-In’s.This Home Has A Warm & Open Feeling That Is Truly Special.  The Kitchen Has Plenty Of Counterspace With An Island, Spacious Walk-In Pantry, Oversized Sub-Zero Refrigerator & Freezer, And Double Oven.  The Eat-In Kitchen Is Perfect For Breakfast & Overlooks The Patio & Pool Area.  The Formal Dining Room Is Just Perfect For The Holidays Or Entertaining Guests.  There Is Also A Separate Den & Guest Half Bathroom On The First Floor.
Click Here For Full Details, Pictures, & Google Maps Of This Property

For more information on this amazing home in Tall Pines, please contact me directly at: 954-609-0591.

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.

Decline in distressed homes helps housing market heal

Del DeMarino (left), had to take less money for his Coral Springs home because of foreclosures and short sales nearby. His real estate agent Michael Citron is helping him deal with a difficult market. (Jim Rassol, Sun Sentinel / November 11, 2011)

By Paul Owers, Sun SentinelNovember 14, 2011

Some South Florida homeowners can sell their homes at a better price this year because fewer foreclosed properties are on the market.  “People hear that the market’s terrible,” said Judy Trudel, an agent for Balistreri Realty in Lighthouse Point. “But there are certain neighborhoods that are doing well.”  The values of some homes not in distress are stable, if not rising, real estate agents say.

Although foreclosures and so-called short sales still account for a large part of the region’s housing market, the numbers are declining.  Distressed sales made up 48 percent of all sales in October, down from 54 percent in October 2010, according to the Miami Association of Realtors.  In Palm Beach County, distressed sales represented 23 percent of all transactions last month, compared with 27 percent in October 2010.

Fueling the decline has been a surge in South Florida home sales that is helping shrink the available housing stock, including the number of properties in some stage of foreclosure. Those properties have weighed down the beleaguered housing market the past four years.  Weston’s housing market has been especially robust. There are only 10 bank-owned homes on the market in the entire city, said Chip Rowand, a broker for the Keyes Co. in Weston. Bidding wars are common there.  “The days of coming in 20 percent under asking price are gone,” he said.

Since President Barack Obama took office in early 2009, the upscale enclave west of Fort Lauderdale has led the nation with the highest increase in home values, according to one research firm.  The median value of a home in Weston climbed 15.1 percent to $280,000 from February 2009 to August 2011, according to a survey of the nation’s 1,000 largest cities by Zillow.com for Bloomberg Businessweek.  Other communities also are reporting positive price trends.

In the Shadow Wood subdivision of Coral Springs, Beverly Rothstein of the Christopher White Group listed for sale a four-bedroom home next to a run-down foreclosure.  Regardless, Rothstein’s client had an offer within a week for near the $305,000 asking price — even without a for-sale sign in the front yard. The deal closed last month.

Another of her clients, Erwin Sefton, sold his three-bedroom Coral Springs home in three weeks for $245,000. He’s moving to a new house near Boynton Beach that won’t be ready until January, and his only disappointment is that his house sold too quickly.  “Everybody I talked to said it would take at least six months,” said Sefton, 67.  With buyers attracted to affordable prices, sales of existing homes and condominiums have soared in 2011.

Palm Beach County easily will surpass last year’s total of 9,584 home transactions. Broward County already has eclipsed last year’s home sales total of 7,997. Condo sales in both counties this year already exceed the annual totals from 2005, the peak of the housing boom.  Lenders are starting to resume foreclosures that had slowed dramatically in the past year amid the “robo-signer” controversy.

Some real estate agents and analysts believe these imminent foreclosures make up a “shadow inventory” that threatens to hurt the budding housing recovery. Others are skeptical, saying the onslaught of foreclosed homes predicted for the past two years hasn’t happened yet and won’t be as bad as feared.  “Banks are handling the disposition of distressed properties better,” said Bill Richardson, president of the Realtors Association of the Palm Beaches. “I don’t think we’ll see any significant price deterioration from where we are now.”  But that doesn’t mean neighborhoods hit hard by properties in the foreclosure process won’t face price declines in the months ahead.

Del DeMarino wants to move closer to the ocean, so he put his four-bedroom home with a pool in Coral Springs on the market for $319,900. When he dropped the price by $10,000, he immediately had four offers. It’s now under contract for the asking price, and he expects to close next month.  There are dozens of homes in his Maplewood subdivision that are in or near foreclosure, said Michael Citron, his real estate agent. Without that drag on the market, DeMarino easily could have netted 15 percent more for his house, Citron said.  “The foreclosures and short sales are definitely still a factor,” DeMarino said. “You’ve got to price it right if you want to sell it.”

Copyright © 2011, South Florida Sun-Sentinel

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.

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.

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.

Sold Price: $4,000,000
Parkland BBB Ranches
6 Full Bedrooms, 8 Full Bathrooms, 2 Half Bathrooms
12,404 Square Feet Under A/C
Year Built: 2002
Click Here For Full Details

Stunning Mediterranean inspired Mansion poised on a private nearly 3 acre lot. This custom built home features a magnificent exterior with pre-cast Stucco and balustrade finishes. The spacious interior is warm and intimate with an exquisite custom Bronze and marble fireplace.

This home also features soaring 15, 18 and 30 foot ceilings, and satin marble flooring.   Luxurious amenities include gourmet kitchen with walk in pantry, impressive home theater, Intimate Master with sitting room and Maid’s quarters with Private bath; 6 Bed,8 full Baths, 2 half baths and a 7-Car Garage.
Click Here For Full Details

This home sale is the most expensive in Parkland, Florida for 2011.  Who says there isn’t multi-million dollar buyers in today’s market?  There have been multiple sales in the million dollar price range in 2011.  Hopefully, this trend will continue for 2011 and into 2012.

The Parkland Parrot is the most comprehensive online source for Parkland, Florida real estate information.  Whether you are interested in knowing the latest home sales, trends, or local city information in Parkland, The Parkland Parrot has it all at your fingertips.  Click Here To Search 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.

According to the Sun-Sentinel, home inventory in Broward County Florida has gone down, which is a great sign for the overall South Florida real estate market.  In Broward County, there are 14,932 condos and houses available, which is a whopping 36 percent decline in properties for sale from last year.

As we know, housing inventory rose resulting in the housing bust.  But, the recent decline in home inventory will hopefully help stabilize the South Florida and Parkland real estate market in the coming months and into 2012.  Also, with the decline of homes available, investors are now jumping back into the real estate market and purchasing condos and other investment properties.  I also believe that the recent drop in the stock market has caused investors currently to look at real estate as the best investment option.

Last week, the Florida Association of Realtors announced that Broward and Palm Beach County home sales have been up for every month this year as compared to 2010.  We can expect more inventory to come on the market in the coming months as banks are already releasing more of their foreclosure inventory.  But, with the reduction of inventory and record low mortgage interest rates, I forsee a favorable settling of the Parkland and South Florida real estate market by next year.

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:
Should I Wait To Buy A Parkland or South Florida Home?
Ironic But It Is The Best Time To Sell Or Buy A Parkland Real Estate Home
32 Parkland Florida Homes Sold In July 2011

Parkland Realtor Michael Citron just listed another stunning and upgraded home in Parkland’s prestigious community of Meadow Run West.  This pool home sits on a private corner lot and was built in 1995 and offers  4  full bedrooms plus office/play room with 3 full bathrooms and one 1/2 bathroom.

Asking Price: $479,900
2,920 Square Feet Under Living Area

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

NOT A Short Sale Or Foreclosure!  This Pool Home Is Located In Prestigious Meadow Run West. 4 Full Bedrooms + Office/Play Room With 3 Full Bathrooms & 1 Half Bathroom Just Off The Kitchen.  Home Features A Split Floor Plan & Sits On An Oversized, Corner Lot With A Fenced Backyard Perfect For A Family With Dogs.   There Is Also A Community Preserve Behind Home, So There Is No Neighboring House In Back Of This Home Which Gives More Privacy.

The Home Has Received Many Recent Upgrades Including Upgraded Master Bathroom With Separate Jacuzzi Jetted Tub & Shower, Recently Upgraded Kitchen With Granite Countertops, Double Ovens, Walk-In Pantry, Eat-In Kitchen, Screened-In Patio, Cabana Bath, 2 Air Conditioning Units Recently Replaced, Custom Curtains, 3-Car Garage, Crown Molding In Entire Living Areas, & Full Wet Bar. The 3rd Garage Has Been Converted Into A Full Play Room Or Office With Full Air Conditioning & A Closet.  This Home Is Truly Move-In Condition & Is Located On A Very Desirable Lot Perfect For A Family.

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

For More Information On Our Exclusive Meadow Run West Listing, Please Contact Us At: 954-609-0591 or send us a message 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 real estate 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.

As the 2011 year is half way over, I wanted to take the time to thank all of my clients and readers for their continued support.  I can’t tell you how many people come up to me and say that they have read our blog or seen our Parrot logos on Holmberg Road.  We enjoy the compliments from local residents.  We take pride in providing the public with up-to-date Parkland real estate and local news and events.

We greatly appreciate your continued support and business. I want to personally wish everyone a safe and happy 4th of July! I look forward to a great finish to 2011.

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.

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.

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