Parkland Parrot

Parkland Real Estate Home Market Update October 2010

Parkland Real Estate Single Family Market Home Update For October 2010 Presented By Realtor Michael Citron

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
7721 Newport Lane	Regular Sale	Cypress Head	$843,000	5/4.5	4,334
7731 Salem Lane	Regular Sale	Cypress Head	$775,000	5/3	4,048
7303 NW 123rd Ave	Short Sale	Heron Bay/Edgewood	$700,000	6/5	4,655
7955 NW 109th Lane	Regular Sale	Heron Bay/Meadowbrook	$650,000	5/3	3,782
7650 NW 120th Dr	Regular Sale	Heron Bay/The Greens	$620,000	5/3	3,820
7879 NW 111th Way	Regular Sale	Heron Bay/Greenbrier	$600,000	4/4.5	5,540
10435 NW 65th Dr	Regular Sale	Fox Ridge	$560,000	5/4	3,366
6117 NW 74th Terrace	Regular Sale	Pine Tree Estates	$523,000	5/2.5	3,454
10878 NW 80th Circle	Regular Sale	Heron Bay/Creekside	$470,000	5/3	2,913
12220 NW 68th Ct	Regular Sale	Heron Bay/Heron Estates	$450,000	6/6.5	8,307
9660 NW 59th Ct	Regular Sale	The Landings	$448,500	5/3	2,679
9722 Clemmons St	Bank Foreclosure	Parkland Golf & CC	$432,000	4/3	2,921
6827 NW 107th TE	Bank Foreclosure	Fox Ridge	$425,000	4/3	2,597
6326 NW 79th Way	Short Sale	Pine Tree Estates	$425,000	4/2.5	2,887
6810 NW 73rd St	Regular Sale	Whittier Oaks	$410,000	4/3	2,566
6645 NW 74th Ct	Regular Sale	Whittier Oaks	$405,000	5/3	2,738
7400 Wisteria Ave	Short Sale	Parkland Golf & CC	$395,000	5/4	3,792
11196 NW 69th Place	Regular Sale	Parkland Isles	$392,000	5/3	2,685
6370 NW 106th TE	Regular Sale	Parkland Isles	$380,000	4/3	2,493
6272 NW 108th Way	Regular Sale	Parkland Isles	$360,000	4/3	2,131
9500 Eden Manor	Bank Foreclosure	Parkland Golf & CC	$351,000	5/4	3,822
9601 Cinnamon Ct	Bank Foreclosure	Parkland Golf & CC	$349,900	3/2.5	2,754
6544 NW 78th Dr	Regular Sale	Mayfair At Parkland	$347,000	4/2.5	2,487
9534 Ginger Court	Bank Foreclosure	Parkland Golf & CC	$330,100	3/3	2,253
8099 Emerald Avenue	Short Sale	Parkland Golf & CC	$310,000	5/5	4,255
7842 NW 124th TE	Bank Foreclosure	Heron Bay/Heron Cove	$292,500	3/2	2,056
9587 Cinnamon CT	Bank Foreclosure	Parkland Golf & CC	$280,000	5/4	3,547
9519 Ginger CT	Bank Foreclosure	Parkland Golf & CC	$275,000	5/4	4,037
12352 NW 80th PL	Bank Foreclosure	Heron Bay/Banyan Isles	$245,000	4/3	2,955
8251 NW 122nd Lane	Bank Foreclosure	Heron Bay/Banyan Isles	$237,900	4/3	2,88

There were 30 total single family sales for the month of October, 2010 ranging in price from $237,900 to $843,000. Last month, there were 29 total single family home sales. There was 1 more Parkland single family home sold in the month of October than in September, 2010.

Among the 30 sales for the month of October, over half (17 total) of the sold homes were located in Heron Bay & Parkland Golf & Country Club.  Like, the previous months, there were a total of 14 distressed sales (short sales and bank foreclosures) sold in October, 2010.  As a result, many Parkland buyers are fixated on getting more bang for their buck and are buying homes at record low prices.

With the increase in distressed sales, the overall Parkland real estate market will continue to improve and stabilize, as more and more distressed homes come off the market in the City of Parkland.  But, is purchasing a distressed sale the best option for buyers?

We educate our buyers on the advantages and disadvantages of purchasing bank foreclosures or short sales.  These distressed sales usually require more work and more out of of pocket money after a buyer closes on the property.  Buyers also need to be aware of the higher taxes and longer wait time for distressed sales.  In particular, short sales can take 6-9 months or even longer to close, as banks are currently inundated with pending distressed property sales.

Curious to know why Parkland is such a popular place to live and raise a family?  Read our recent post: What Is The Parkland Florida Lifestyle?

We know the numbers, we analyze the market, our clients make better decisions.  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 or send us a message here.

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Related Articles:
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Parkland Real Estate Home Market Update September 2010

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!

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 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.