Parkland Parrot

19 Parkland Single Family Homes Sold in February 2012

Parkland Real Estate Single Family Market Home Update For February 2012 Presented By Realtor Michael Citron

Property Address	Type Of Listing	Community	Price	Beds/Baths	Pool?	Water View?	Square Feet
7682 NW 127th Manor	Regular Sale	Heron Bay – Vistas	$758,000	6/5	Yes	Yes	4,777
6454 NW 65th Terrace	Regular Sale	Pine Tree Estates	$656,000	5/4	Yes	No	2,996
6005 NW 97th DRIVE	Regular Sale	The Landings	$555,000	5/3	Yes	Yes	3,424
8320 NW 105th Lane	Regular Sale	Heron Bay – Creekside	$512,500	5/4	Yes	No	3,470
9524 Exbury Court	Short Sale	Parkland Golf & Country Club	$465,000	4/2.5	Yes	No	2,575
12630 NW 76th Street	Regular Sale	Heron Bay – Vistas	$477,500	4/3	No	Yes	3,063
7115 Spyglass Avenue	Regular Sale	Parkland Golf & Country Club	$465,000	4/2.5	Yes	No	2,575
7079 NW 68th Drive	Regular Sale	Ternbridge	$465,000	3/3	Yes	Yes	2,614
9601 Cinnamon Court	Regular Sale	Parkland Golf & Country Club	$430,000	3/2.5	Yes	Yes	2,754
6836 NW 66th Way	Bank Foreclosure	Pine Tree Estates	$407,000	4/3	No	No	3,059
7668 NW 122nd Drive	Short Sale	Heron Bay – The Greens	$389,000	4/2	No	Yes	2,498
7560 NW 75th Drive	Regular Sale	Whittier Oaks	$380,000	4/3	Yes	Yes	2,619
11579 NW 72nd Place	Regular Sale	Heron Bay – Bay Cove	$350,000	3/3	No	Yes	2,196
6653 NW 81st Court	Regular Sale	Mayfair At Parkland	$340,000	4/3.5	Yes	No	2,173
11246 NW 65th Manor	Short Sale	Parkland Isles	$319,000	4/3	No	No	2,124
7060 NW 75th Street	Short Sale	Cypress Cay	$250,000	4/2	No	No	2,071
7603 NW 70th Avenue	Regular Sale	Parkside Estates	$248,500	3/2	Yes	No	1,848
6430 NW 58th Terrace	Short Sale	Sable Pass	$245,000	3/2.5	No	Yes	1,755
6793 NW 81st Court	Bank Foreclosure	Mayfair At Parkland	$230,000	3/2	No	No	1,913

There were 19 total single family sales for the month of February 2012 ranging in price from $230,000 to $758,000.  In January, 2012, there were 17 total single family home sales. There were 2 more Parkland single family homes sold in the month of February, 2012 than in January, 2012.  Among the February sales, 7 were distressed sales (bank foreclosures or short sales). 37% of all sales were distresses ones.

We are seeing a decrease in the amount of distressed sales in Parkland, Florida.  As more and more distressed sales are sold, the overall Parkland real estate market will settle in the coming months.  Inventory is a record low levels in Parkland.  Buyers are also purchasing pre-construction homes in Heron Bay, Parkland Golf & Country Club, and Parkland Reserve. Currently there are 194 total single family homes for sale in all of Parkland.  As a result, buyers do not have a plethora of available homes to choose from.

Parkland home listings that are priced and presented well sell in days, not months.  If you are currently thinking about selling your Parkland or South Florida home, now is the time.  Buyers are willing to pay at least market to above market value for homes in the city.  If you are an empty nester or need a larger home for your growing family, now is the ideal time to make the move.  Interest rates are at record low levels.  You will be able to sell your home for top market dollar, and then be able to take advantage of low interest rates when purchasing your next home.  It is a win win situation for all Parkland homeowners.

The Parkland and South Florida real estate market will pick up even more as Spring is here.  More buyers will be entering the market in the coming weeks and months.  Inventory will increase, but I do not believe it will increase enough to meet the large demand of buyers looking to call Parkland their home!

As I have stated in past market update blog posts, I certainly see the overall Parkland real estate market stabilizing this year.  In many Parkland communities, we are already seeing this settlement along with some price increases.  Parkland is one of the most desirable areas in all of South Florida.  It is more stable than neighboring areas such as Coral Springs or Coconut Creek. More and more people are looking to call Parkland home and live the Parkland Lifestyle. With excellent schools, many parks, and a plethora of other activities for the entire family to enjoy, Parkland will continue to grow and become one of the most sought-after communities in South Florida.

Every month, I make sure to post each and every single family home resale 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.

17 Parkland Single Family Homes Sold in January 2012

Parkland Real Estate Single Family Market Home Update For January 2012 Presented By Realtor Michael Citron

Property Address	Type Of Listing	Community	Price	Beds/Baths	Pool?	Water View?	Square Feet
6143 NW 85th Way	Bank-Owned	Tall Pines	$650,000	6/5	Yes	Yes	4,046
11687 NW 69th Place	Short Sale	Heron Bay – Olde Brooke	$650,000	6/3.5	Yes	Yes	3,743
8380 NW 123rd Way	Regular Sale	Heron Bay	$600,000	5/4	Yes	Yes	3,398
5999 NW 62nd Terrace	Regular Sale	Pine Tree Estates	$588,500	4/2.5	Yes	No	3,701
9578 Kenley Court	Regular Sale	Parkland Golf & CC	$550,000	5/4	Yes	Yes	3,786
7563 NW 124th Ave	Regular Sale	Heron Bay – Vistas	$525,000	5/3	Yes	Yes	3,135
6040 NW 96th Way	Regular Sale	The Landings	$480,000	5/3	Yes	No	3,124
6095 NW 75th Way	Regular Sale	Pine Tree Estates	$479,000	5/4	Yes	No	2,891
12352 NW 80th Place	Regular Sale	Heron Bay- Banyan Isles	$418,000	4/3	No	Yes	2,955
6488 NW 99th Ave	Regular Sale	Meadow Run	$407,000	5/3.5	Yes	No	2,792
6031 NW 61st Manor	Short Sale	Country’s Point	$400,000	4/3	Yes	No	3,165
9983 NW 64th Court	Regular Sale	Meadow Run	$400,000	4/3	No	Yes	2,291
6411 NW 58th Way	Regular Sale	Sable Pass	$365,000	3/2.5	Yes	Yes	2,161
6741 NW 66th Way	Bank-Owned	Pine Tree Estates	$350,000	3/2	No	No	2,288
11700 NW 71st Place	Short Sale	Heron Bay	$340,000	3/2	No	Yes	2,056
7355 NW 60th Lane	Short Sale	Parkwood IX	$285,000	4/2	Yes	Yes	2,314
6665 NW 75th Place	Short Sale	Whittier Oaks	$269,000	4/3	Yes	No	2,384

There were 17 total single family sales for the month of January 2012 ranging in price from $269,000 to $650,000 In December, 2011, there were 31 total single family home sales. There were 14 less Parkland single family homes sold in the month of January, 2011 than in December, 2011. Among the January sales, 7 were distressed sales (bank foreclosures or short sales). 41% of all sales were distresses ones.

There was a large increase in distressed sales from last month in the City of Parkland.  I believe that this is a good thing for the overall real estate market, as more and more properties that were not being well-kept, and even vacant, are now owned by homeowners that will take much better care of the properties.  The real estate market does not start picking up until the end of Fall and into the Spring months.  As a result, there were only 17 total single family sales in Parkland, Florida for January, 2012.

Inventory is very low right now.  I am telling many sellers that are thinking about putting their homes on the market to do so now as opposed to later this year, as there will be a larger inventory of homes for sale, especially bank foreclosure listings.  Motivated buyers have less and less inventory to choose from.  Banks are set to release more of their bank-owned inventory in the coming months.  If you are in the market for home, now is also a great time to start looking as interest rates are still under 4%.  I am also telling clients that are currently renting to speak with a mortgage lender, as you may be able to spend less money per month and be able to be a homeowner.  Now is the time to get educated and speak with both a mortgage and real estate professional.

As more and more distressed Parkland real estate inventory is selling and coming off the market, I foresee the overall Parkland and South Florida single family home market stabilizing by the end of 2012.  In some areas of Parkland, it is already happening!  Parkland is also a very desirable area to call home as the city is more stable than neighboring areas such as Coral Springs or Coconut Creek. More and more people are looking to call Parkland home and live the Parkland Lifestyle. With excellent schools, many parks, and a plethora of other activities for the entire family to enjoy, Parkland will continue to grow and become one of the most sought-after communities in South Florida.

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.

Parkland Real Estate Agent Michael Citron Quoted In Sun Sentinel

Parkland Florida Realtor Michael Citron Quoted In Sun Sentinel For Housing Strategies For 2012

Parkland and South Florida Realtor Michael Citron was quoted in yesterday’s Sun-Sentinel article entitled: South Florida housing strategies for 2012.  It appears that the housing market collapse is fading away bringing a stronger and more stable market in the coming months and years, especially in more stable communities like Parkland, Florida.

Home sales in Parkland and South Florida are on the rise, as the real estate bottom nears.  But, the shadow inventory of bank foreclosures soon to hit the market and less than stellar job market could prolong the recovery.  Sun-Sentinel reporter, Paul Owers, provides a guide to help both buyers and sellers, and homeowners “underwater” on their current mortgages in 2012:

Sellers:

DO: Consider selling early in 2012, before foreclosures hit the market
DON’T: Try to attract buyers with cars, cash or most other incentives

Underwater Borrowers

DO: Plan now if you’re considering a short sale
DON’T: Think you’re necessarily stuck with an underwater mortgage

I was quoted in the Sentinel article giving advice to potential buyers in 2012:

DO: Write a letter to the seller, explaining why you want the home

DON’T: Sound desperate or let the seller know how much of a mortgage you’re approved for

If you’re writing to a lender, be sure to explain that you’re pre-approved for a mortgage and can close quickly, Broward County (and Parkland) real estate agent Michael Citron said. If the seller is the existing homeowner, go into more personal detail.  “If the home has a pool, tell them that you hope your kids can learn to swim in that pool,” Citron said. “A regular seller wants to know the buyer will appreciate the house as much as they did.”

If you are thinking about selling or buying a home, it has never been a better time to make a move in real estate for 2012.  To read the complete Sun-Sentinel article, please click here It is a honor and privilege to be considered as a local real estate expert.  I look forward to working with the Parkland and South Florida community for all of your real estate needs in 2012.

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.

21 Parkland Single Family Homes Sold in November 2011

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

Property Address	Type Of Listing	Community	Price	Beds/Baths	Square Feet
6831 NW 103rd Ter	Regular Sale	Fox Ridge Estates	$750,000	5/4.5	3,818
7720 Newport Lane	Regular Sale	Cypress Head	$725,000	5/3.5	3,688
11162 NW 68th Place	Regular Sale	Parkland Isles	$592,000	5/4	3,652
7721 E upper Ridge Drive	Regular Sale	Cypress Head	$582,500	5/4.5	4,500
7641 Hyanis Lane	Short Sale	Cypress Head	$580,000	5/3.5	4,033
5807 NW 63rd Way	Regular Sale	Pine Tree Estates	$530,000	5/3	3,569
9584 Ginger Court	Regular Sale	Parkland Golf & CC	$530,000	5/3.5	3,705
9954 NW 65th Mnr	Regular Sale	Meadow Run	$492,500	5/4	2,856
8072 NW 125th Ter	Regular Sale	Heron Bay – Sable Pointe	$450,000	4/3	3,118
8251 NW 122nd Lane	Regular Sale	Heron Bay – Banyan Isles	$430,000	4/3	3,082
12320 NW 81st St	Regular Sale	Heron Bay – Banyan Isles	$425,000	4/3	2,600
6626 NW 112th Ave	Regular Sale	Parkland Isles	$385,000	4/2	2,192
9681 Ginger Court	Regular Sale	Parkland Golf & CC	$385,000	3/3	2,705
6691 NW 103rd Lane	Short Sale	Fox Ridge	$380,000	5/4	3,500
11244 NW 65th Ct	Short Sale	Parkland Isles	$300,000	4/3	2,550
6029 NW 74th Street	Regular Sale	Parkwood	$275,000	4/2.5	2,567
8266 NW 124th Ter	Short Sale	Heron Bay – Sable Pointe	$250,000	4/3	3,369
7650 NW 70th Avenue	Bank Foreclosure	Parkside Estates	$240,000	4/2.5	2,068
6260 NW 78th Drive	Regular Sale	Mayfair	$240,000	4/3.5	2,601
8061 NW 125th Ter	Regular Sale	Heron Bay – Sable Pointe	$210,000	3/3	2,771
7600 NW 61st Ter	Bank Foreclosure	Terramar	$210,000	4/5	2,332

There were 21 total single family sales for the month of November 2011 ranging in price from $210,000 to $750,000 Last month, there were 25 total single family home sales. There were 4 less Parkland single family homes sold in the month of November, 2011 than in October, 2011. Among the November sales, 6 were distressed sales (bank foreclosures, short sales, or corporate owned properties).
29% of all sales were distresses ones.

Inventory is very low in the City of Parkland.  It is common at this time that potential sellers are waiting until the beginning of 2012 to put their homes on the market for sale.  Also, banks and lending institutions are also going to be releasing more foreclosure inventory in the coming months.  As a result, Parkland real estate inventory will increase in the coming weeks and months resulting in more sales and market activity.

I emphasized in my last month’s market update that distressed sales are down in Parkland, Florida.  This trend has continued for the month of November, 2011, as there were only 6 total bank foreclosures and short sales sold.  Hopefully this will help stabilize the real estate market in Parkland leading into 2012, as more buyers, especially investors, are purchasing the distressed real estate inventory.  The Parkland real estate market is much more stable than neighboring cities such as Coral Springs or Coconut Creek.  More and more people are looking to call Parkland home and live the Parkland Lifestyle.  With excellent schools, many parks, and a plethora of other activities for the entire family to enjoy, Parkland will continue to grow and become one of the most sought-after communities in South Florida.

If you are thinking about purchasing a home in 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!

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.

Another Successful Short Sale Negotiated For Parkland Cypress Head Seller

Parkland Real Estate Agent Michael Citron Helps Negotiate Successful Short Sale

It is a pleasure to announce that the Parkland Parrot Real Estate Team just successfully help negotiate a short sale for a client of ours in the Cypress Head community.  Bank Of America agreed to accept almost $500,000 less than was was owed and gave my client a full release for the deficiency.

Our client was ecstatic to be able to successfully short sale his Cypress Head home in Parkland, Florida and now be able to move on with his life. The government implemented the Home Affordable Foreclosure Alternatives (HAFA) program which is in place to help homeowners settle their mortgage debt without going through a foreclosure.  The goal of this program is to help homeowners sell their properties through the short sale process and settle their mortgage debt if they owe more on the mortgage than what the home is actually worth.  With the help of this program, the short sale process is streamlined and also offers financial assistance to help with relocation.  In particular, our client in Cypress Head was even given $3,000 from this program in moving costs.

On Bank Of America’s website, here is the qualification to be eligible for the HAFA program:

1.  The property is your current principal residence, OR the property has been vacant or rented out for less than 12 months, and you have not bought another principal residence during that time.

It is a great pleasure for our team to be able to help someone in need and get them on to the next step in their lives.  In particular, this stressful situation was handled with the utmost professionalism and care.  Our short sale clients truly understand that we have their best interests in mind and are here to help throughout the entire process.  We were able to close this transaction in only 4 months, where most short sales take approximately 6-8 months to get done.

If you know anyone in Parkland or South Florida who is “underwater” on their home, tell them to give me a call directly at: 954-609-0591, so I can help answer all of their questions and concerns and provide them with pertinent short sale information.

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.