Parkland Real Estate Single Family Market Home Update For November 2013

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Parkland Real Estate Single Family Market Home Update For November 2013

November 2013 Parkland Real Estate Market Update By Realtor Michael Citron

parkland-real-estate-market

Property Home Address Type Of Listing Community Name Full Beds Full Baths Half Baths Pool? Water View? Golf View? Living Square Feet Sale Price
7110 Cutter Court Regular Sale Cypress Head 5 5 0 Yes Yes No 4,873 $1,000,000
6311 NW 93rd Drive Regular
Sale
Grand Cypress Estates 5 3 0 Yes No No 3,240 $740,000
5991 NW 66th Way Regular Sale Pine Tree Estates 5 3 2 Yes No No 3,502 $725,000
7889 NW 111th Way Regular Sale Heron Bay – Greenbriar 4 3 0 Yes Yes No 3,100 $650,000
6893 NW 126th Avenue Regular Sale Heron Bay – Waterford Estates 5 3 0 Yes Yes No 3,418 $645,000
6848 NW 110th Way Regular Sale Parkland Isles 5 3 0 Yes Yes No 3,301 $585,000
7346 NW 116th Lane Regular Sale Heron Bay – The Highlands 5 3 0 Yes No No 3,405 $595,000
10706 NW 80th Circle Regular Sale Heron Bay – Creekside 5 3 0 Yes Yes No 3,238 $585,000
6927 NW 107th Terrace Regular Sale Fox Ridge 5 3 0 Yes No No 2,954 $573,000
7950 Redwood Lane Bank Foreclosure
Cypress Head 4 4 0 Yes No No 4,255 $542,500
12015 NW 83rd Place Regular Sale Ternbridge Estates 4 3 0 Yes No No 3,024 $590,000
6315 NW 82nd Drive Regular Sale Heron Bay – Somerset 4 3 0 No No No 2,688 $529,000
9447 Satinleaf Place Bank Foreclosure Parkland Golf & Country Club 4 3 0 Yes No Yes 2,500 $500,000
6685 NW 74th Court Regular Sale Whittier Oaks 4 2 1 Yes Yes No 3,036 $467,500
7554 NW 70th Way Regular Sale Cypress Cay 5 4 0 Yes No No 2,960 $439,000
8061 NW 125th Terrace Regular Sale Heron Bay – Sable Pointe 3 3 0 No No No 2,371 $375,000
7446 NW 75th Drive Short Sale Whittier Oaks 5 3 0 Yes Yes No 2,692 $375,000
12681 NW 78th Manor Regular Sale Heron Bay – Heron Cove 3 2 0 No No No 1,913 $375,000
5731 NW 62nd Manor Regular Sale Sable Pass 4 3 0 Yes No No 2,025 $378,000
11004 NW 61st Court Regular Sale Parkland Isles 3 2 0 No No No 2,093 $379,000
7873 NW 62nd Way Regular Sale Mayfair At Parkland 4 2 1 Yes No No 2,238 $375,000
12420 NW 78th Manor Short Sale Heron Bay – Heron Cove 3 2 0 No Yes No 2,056 $367,000
5720 NW 62nd Manor Short Sale Country’s Point – Sable Pass 3 2 1 Yes No No 2,330 $335,000
6170 NW 76th Court Regular Sale Mill Run 3 2 0 No Yes No 2,038 $320,000

There were 23 total single family sales for the month of October, 2013 ranging in price from $320,000 to $1,000,000. Among the October, 2013 sales, only 5 were distressed sales (bank foreclosures or short sales). 22% of all sales were distresses ones.

In November, there were significantly less sales in Parkland than in previous months.  As we get closer to the end of the year, the market does tend to slow down.  But, banks want to close out their short sale and foreclosure inventory.  As a result, we saw 5 distressed sales in November.  The available home inventory is at a record low level.  Currently, there are only 169 homes for sale ranging in price from $370,000 to 5.4 million.  Click here to see all of the available Parkland homes for sale.

If you are thinking about buying a home, now is the time, as interest rates will rise in 2014 and cause a higher monthly housing payments.  Please read my recent article, Buying a Parkland Home? Consider COST not just Price.  Purchasing a home sooner than later will actually save you tens of thousands of dollars over the course of your home ownership.  Also, if home prices continue to rise, then you will pay higher sales prices and monthly mortgage interest rates.

If you are thinking about selling, NOW is also a perfect time, as the increase in mortgage interest rates will also affect you when purchasing your next home.  Also, the fall in government FHA loan limits will affect entry level Parkland home buyers in 2014.  FHA loan limits will drop from $423,750 to only $345,000 starting January 1, 2014.  Entry level Parkland homes will be negatively affected by this change.  I also believe that it will impact the entire Parkland and South Florida real estate market and could cause a decrease in overall sales prices.  To read my full article, please click: FHA Mortgage Loan Limits To Fall Next Year Affects Parkland Buyers
If you are considering knowing what your home is worth, please give me a call at: 954-609-0591 or Please Contact Us.  Inventory is low, and demand is high! But, we will see an increase of 10%-15% in available home inventory in early 2014.  My team and I would love the opportunity of earning your trust and business.  We look forward to working with you and your family and greatly appreciate your business.

Every month, I takes the time to post each and every single family home resale that takes place in the City of Parkland, Florida on my website. Being a Parkland resident and local real estate expert, I know how important is to keep abreast of all of the monthly real estate sales and market activity. If you would like to see home sales in the past months, please click here. I live and work in Parkland and can help you sell your home for top dollar or help you find the home of your dreams for your family and
live the Parkland Lifestyle.

I am a Parkland real estate specialist and Parkland resident. Over the past few years, I have earned the distinction of being one of the top real estate selling and buying agents in the City of Parkland and a top 1% Nationwide Realtor. I am also proud to announce that I am currently the # 3 RE/MAX Florida agent. If you would like to schedule a buyer or seller meeting with me, please feel free to call me directly at 954-609-0591 or send me a note here.

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The Parkland Parrot is the most comprehensive online source for Parkland real estate information. Whether you are looking for the latest sales, trends or to Search Parkland or South Florida Homes For Sale, The Parkland Parrot has it all at your fingertips.