|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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