21 Parkland Single Family Homes Sold in November 2011

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December 9, 2011
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December 19, 2011

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 were25 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.

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