Parkland Parrot

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.

Parkland Isles Red Hot Real Estate Market From 2010 To 2011

Parkland Isles Florida Home Sales On Fire

We thought it would be great insight to display some detailed statistics on some of the most popular selling Parkland, Florida communities.  Our team represented 3 buyers that ended up purchasing in Parkland Isles in 2011 so far this year.  We are also currently working with 2 buyers that are patiently awaiting the right opportunity for their families in Parkland Isles.

In 2010, there was a total of 26 homes sold in Parkland Isles.  But, so far half way through the 2011 year, we have already seen 19 total home sales in the Parkland Isles community.  What does this mean?  Why has there been such a dramatic increase in home sales in the community?  Where have prices gone from 2010 to 2011 in Parkland Isles?  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 $640,000, and the average sales price was $458,000.  The average home sold for 95% of the list price.  Homes sales were steady for 2010.  As a result, sales are picking up in 2011, as more and more people are looking to call Parkland Isles home.  Below, please find the chart from January to present 2011:

The highest priced home sale so far in in 2011 was for $600,000, and the average sales price was $420,000.  The average home sold for 95% of the list price.  Homes prices have remained stable, but overall sales have increase dramatically.  If this rapid sales pace continues this year, there were will most likely be over 40 homes sold in Parkland Isles for 2011.  This is approximately a 65% or more increase in overall sales from 2010 to now.

Parkland Isles has become an affordable alternative to buyers looking in Parkland and particularly in Heron Bay.  Parkland Isles offers an affordable alternative, because homes prices start in the high $200,000’s making this community one of the best real estate bangs for your bucks in all of Parkland, Florida.

Parkland Isles is conveniently located on Coral Ridge Drive, just a little north of the Sawgrass Expressway.  The community is 24-hour guard gated and features Spanish-style homes averaging 2,000 to 4,500 square feet under living areas.  One of the best features of living in Parkland Isles is its amazing neighborhood clubhouse amenities including exercise room, game room, tennis courts, putting green, playground, whirlpool spa, billiard room, and a spacious, heated swimming pool.  Parkland Isles is also conveniently located close to Parkland’s amazing parks and recreational activities for the entire family to enjoy.  Excellent schools are within walking distance from the community.  For more information and to search current available Parkland Isles listings for sale, please click: Parkland Isles

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:
The Landings
Heron Bay

Sun Sentinel Quotes Parkland Parrot Real Estate Team On Foreclosures

Data Shows That Foreclosure Listings Starting To Loose Appeal From Parkland & South Florida Buyers

Michael Citron, Parkland Realtor and co-founder of ParklandParrot.com, was quoted in today’s Sun-Sentinel cover story supporting recent statistics showing how Parkland and South Florida bank foreclosure listings are loosing their popularity among current home buyers.

According to RealtyTrac Inc., the Tri-County area (Palm Beach, Broward and Miami-Dade counties) posted that in January, February, & March of 2011, there was a total of 8,878 foreclosure sales, which was a 11 percent decline from the fourth quarter of 2011.  Even more dramatic from a year ago to date, there was a 20% decline in foreclosure sales.

One factor that has slowed down the sale of bank foreclosure inventory is that many distressed homeowners were being unlawfully foreclosed upon.  As a result, many banks slowed down their foreclosure process and even implemented moratoriums on future bank foreclosure proceedings.  This caused a dramatic decrease in available bank foreclosure inventory.  But, will the banks start listing their foreclosure inventory for sale soon?

Another factor is that buyers are not as enamored with buying distressed properties as they were in the past.  Many savvy buyers are seeing that foreclosures or even short sale listings are requiring a lot of out-of-pocket costs to fix damage to properties that were possibly left vacant for many months and even years.  The numbers sometimes just don’t add up, and potential buyers are seeking regular listings, where they can purchase move-in-ready properties.

Finally, regular home sellers are starting to become aware that distressed listings (bank foreclosures and short sales) are their competition and are instead pricing their homes at appealing asking prices in order to compete with the distressed listings.  Among many Realtors, we are emphasizing to our home sellers how appraisers are using distressed sales when appraising properties.  As a result, we are better preparing our sellers to list their homes more competitively in order to beat their competition.  Instead of overpricing, which results in helping to sell the competition, sellers are now starting to price their homes correctly from day one!

In South Florida right now, nearly 4 out of every 10 home sales involve a foreclosure.  Many experts still believe that the drop in South Florida foreclosure sales is due mainly to the freeze from the banks.  Only time will tell, but we definitely see more and more potential home buyers seeing the advantages of purchasing a regular sale over distressed ones.

We want to thank Paul Owers of the Sun-Sentinel for thinking of our team when providing expert advice and opinions in regards to the South Florida and Parkland real estate market.  We encourage all readers to check out his articles as well as his contributions on the House Key Blog site.

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.

Appraisals: Why You Must Now Sell Your Parkland House Twice

Due to the large inventory of bank foreclosures and short sales currently on the market, banks and lending institutions are becoming even more stringent when qualifying potential real estate buyers for mortgages.  As a result, banks want to make sure that buyers have the ability to pay back money owed on the loans.

Banks also protect their mortgage investments by making sure that the mortgage’s collateral backing is secure.  The appraisal is now more important than ever, as banks want to make sure that if the borrower fails to make their payments on the loan, then the bank will be able to sell the home for at least the amount equal to the mortgage balance.  As a result, you cannot just find able and willing buyers to purchase properties at agreed upon sales prices.  Now, you have to take the extra step and sell these sales prices to appraisers.

Last week, the National Association of Realtors’ Existing Home Sales Report showed how appraisals are negatively impacting residential real estate transactions in the United States.  In fact, 14% of all transactions in April were either cancelled or renegotiated to a lower sales price, because of low appraisals!

Bottom Line:
When considering listing your home on the market, please work with a Realtor that can answer all of your questions and concerns regarding appraisals.  Remember, you will have to sell your home twice: first to the buyer and then the appraiser.  Do not get all excited when you agree on terms with a potential buyer, as that is only half the battle.  The second half is having the home appraised.  The Parkland Parrot Real Estate Team emphasizes to each of our sellers that the appraisal is probably the most important aspect of the real estate transaction.  As a result, your Realtor should meet the appraiser and present him/her with the the following items:

1. Upgrades & features of the home
2. Floor plan
3. Survey
4. Clean copy of the purchase agreement
5. Comparable closed sales in the past 6 months

Remember, banks cannot have direct contact with appraisers.  So, the only individual that communicates with the appraiser is the listing agent in order to allow the appraiser access to the property.  Make sure your Realtor does their homework and meets with the appraiser at your home.  Appraisers come from all over South Florida and might not be affluent with your particular community.  As a result, make sure that you and your Realtor put together a plan for both the buyer and appraiser.  If you are thinking about selling your home and would like us to explain the home selling process as it relates to appraisals, please give us a call 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.

Related Posts:
5 Reasons To Sell Your Parkland Florida Home Now
30 Parkland Florida Homes Sold In April 2011
Hooray For Parkland and Broward Real Estate Home Sale Increases

Will Summer Be The Busiest Parkland Real Estate Season?

Busiest Parkland Real Estate Summer In History

Calling All Home Sellers & Home Buyers! The Parkland real estate market is getting as hot as the temperature outside!  In Parkland, we are already seeing a 22% increase in sales of singe family homes from this time last year.   In fact, we are on pace to have one of the busiest real estate Summer selling seasons in history!

The Parkland Parrot Real Estate Team has been telling both potential Parkland buyers and sellers to get off the fence and make a move!  The driving force to the uptick in home sales is that buyers are are finally starting to see the values in buying a home.  These buyers are also taking advantage of record low interest rates (as low as 4.3%) as well as a low inventory of Parkland available single-family homes.   Our team alone has already put together 4 homes under contract for the month of May.

There are many more buyers coming into the market for the this year’s busy Summer selling season.  If you are thinking about selling your home, now would be the ideal time to speak with our real estate team, as your home may be worth more than you think!  Please feel free to give us a call at 954-609-0591, and we would be happy to come over and give you a no pressure home valuation and customized marketing plan.

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