In 2010 there were 71 bank foreclosures (single family) sold in The City of Parkland, FL. Of these 71 homes, the average selling price was $366,000. The highest foreclosure sold in Cypress Head for $651,000 (7201 Cutter Ct, Parkland, FL 33067), and the lowest sold in Mill Run for $119,900 (6475 NW 77th Pl, Parkland, FL 33067).
The Parkland real estate market experienced an increase in the number of bank foreclosures sold in 2010 from 2009. There were 65 bank foreclosure listings sold in 2009 (6 fewer than in 2010). Many of the foreclosures sold in 2010 closed for asking or above asking price with an average of over 98% list to sale price ratio.
Also, the average days on the market for Parkland bank foreclosure listings in 2010 was officially 37 days, but many of the listings went under contract in a matter of days to weeks after they were listed for sale.
There are currently 7 active bank foreclosure listings in Parkland. Please click: Current Foreclosures In Parkland
Also, there were 390 total single family sales in all of Parkland in 2010. There were also 90 short sales (pre-foreclosures) sold in 2010. As a result, there were 161 total distressed sales in 2010 (41%). Like it or not, foreclosures and short sales will continue to be a part of the real estate market in 2011.
We know the numbers, we analyze the market, our clients make better decisions. If you, or someone that you know, is interested in learning about the short sale process and looking for experienced local Realtors, please do not hesitate to contact us at 954-609-0591 or send us a message here.
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