|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.