19 Parkland Single Family Homes Sold in February 2012

Parkland Pine Tree Estates Rental Listing – 5 Bed + Loft, 3 Baths Pool Home
March 9, 2012
Parkland Realtor Michael Citron Featured In Sentinel Article On Seller Tips
March 28, 2012

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.