Parkland Real Estate Home Market Update October 2010

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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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