Parkland Real Estate Home Market Update September 2010
Parkland Real Estate Single Family Market Home Update For September 2010 Presented By Realtor Michael Citron
There were 29 total single family sales for the month of September, 2010 ranging in price from $205,000 to $999,000. Last month, there were 35 total single family home sales. There were 6 less Parkland single family home sales in the month of August than in July, 2010.
Among the 29 sales for the month of September, approximately half (14) of the sold homes were located in Heron Bay & Parkland Golf & Country Club. Like, the previous months, many of the short sales and foreclosures are located in both of these communities. With all the buzz surrounding the great sales success for the new pre-construction homes at Parkland Reserve, many buyers are looking to purchase in West Parkland. As a result, more and more Parkland home inventory is selling, which again helps the overall Parkland real estate market, which is still absorbing the short sales and foreclosures.
The distressed sales (short sales or bank foreclosures) in Parkland have been moving at a faster pace than in previous months. 13 of the 29 total home single family home sales were distressed. Hopefully, as this inventory is sold to end users, the overall Parkland real estate market will continue to improve.
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