|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.
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