Parkland Real Estate Home Market Update October 2010
What Is The Parkland Florida Lifestyle?
November 4, 2010Parkland Concert In The Park Elton John Tribute Band This Saturday November 13
November 10, 2010Parkland Real Estate Single Family Market Home Update For October 2010 Presented By Realtor Michael Citron
| Property Address | Type Of Listing | Community | Price | Beds/Baths | Square Feet |
| 7721 Newport Lane | Regular Sale | Cypress Head | $843,000 | 5/4.5 | 4,334 |
| 7731 Salem Lane | Regular Sale | Cypress Head | $775,000 | 5/3 | 4,048 |
| 7303 NW 123rd Ave | Short Sale | Heron Bay/Edgewood | $700,000 | 6/5 | 4,655 |
| 7955 NW 109th Lane | Regular Sale | Heron Bay/Meadowbrook | $650,000 | 5/3 | 3,782 |
| 7650 NW 120th Dr | Regular Sale | Heron Bay/The Greens | $620,000 | 5/3 | 3,820 |
| 7879 NW 111th Way | Regular Sale | Heron Bay/Greenbrier | $600,000 | 4/4.5 | 5,540 |
| 10435 NW 65th Dr | Regular Sale | Fox Ridge | $560,000 | 5/4 | 3,366 |
| 6117 NW 74th Terrace | Regular Sale | Pine Tree Estates | $523,000 | 5/2.5 | 3,454 |
| 10878 NW 80th Circle | Regular Sale | Heron Bay/Creekside | $470,000 | 5/3 | 2,913 |
| 12220 NW 68th Ct | Regular Sale | Heron Bay/Heron Estates | $450,000 | 6/6.5 | 8,307 |
| 9660 NW 59th Ct | Regular Sale | The Landings | $448,500 | 5/3 | 2,679 |
| 9722 Clemmons St | Bank Foreclosure | Parkland Golf & CC | $432,000 | 4/3 | 2,921 |
| 6827 NW 107th TE | Bank Foreclosure | Fox Ridge | $425,000 | 4/3 | 2,597 |
| 6326 NW 79th Way | Short Sale | Pine Tree Estates | $425,000 | 4/2.5 | 2,887 |
| 6810 NW 73rd St | Regular Sale | Whittier Oaks | $410,000 | 4/3 | 2,566 |
| 6645 NW 74th Ct | Regular Sale | Whittier Oaks | $405,000 | 5/3 | 2,738 |
| 7400 Wisteria Ave | Short Sale | Parkland Golf & CC | $395,000 | 5/4 | 3,792 |
| 11196 NW 69th Place | Regular Sale | Parkland Isles | $392,000 | 5/3 | 2,685 |
| 6370 NW 106th TE | Regular Sale | Parkland Isles | $380,000 | 4/3 | 2,493 |
| 6272 NW 108th Way | Regular Sale | Parkland Isles | $360,000 | 4/3 | 2,131 |
| 9500 Eden Manor | Bank Foreclosure | Parkland Golf & CC | $351,000 | 5/4 | 3,822 |
| 9601 Cinnamon Ct | Bank Foreclosure | Parkland Golf & CC | $349,900 | 3/2.5 | 2,754 |
| 6544 NW 78th Dr | Regular Sale | Mayfair At Parkland | $347,000 | 4/2.5 | 2,487 |
| 9534 Ginger Court | Bank Foreclosure | Parkland Golf & CC | $330,100 | 3/3 | 2,253 |
| 8099 Emerald Avenue | Short Sale | Parkland Golf & CC | $310,000 | 5/5 | 4,255 |
| 7842 NW 124th TE | Bank Foreclosure | Heron Bay/Heron Cove | $292,500 | 3/2 | 2,056 |
| 9587 Cinnamon CT | Bank Foreclosure | Parkland Golf & CC | $280,000 | 5/4 | 3,547 |
| 9519 Ginger CT | Bank Foreclosure | Parkland Golf & CC | $275,000 | 5/4 | 4,037 |
| 12352 NW 80th PL | Bank Foreclosure | Heron Bay/Banyan Isles | $245,000 | 4/3 | 2,955 |
| 8251 NW 122nd Lane | Bank Foreclosure | Heron Bay/Banyan Isles | $237,900 | 4/3 | 2,88 |
There were 30 total single family sales for the month of October, 2010 ranging in price from $237,900 to $843,000. Last month, there were 29 total single family home sales. There was 1 more Parkland single family home sold in the month of October than in September, 2010.
Among the 30 sales for the month of October, over half (17 total) of the sold homes were located in Heron Bay & Parkland Golf & Country Club. Like, the previous months, there were a total of 14 distressed sales (short sales and bank foreclosures) sold in October, 2010. As a result, many Parkland buyers are fixated on getting more bang for their buck and are buying homes at record low prices.
With the increase in distressed sales, the overall Parkland real estate market will continue to improve and stabilize, as more and more distressed homes come off the market in the City of Parkland. But, is purchasing a distressed sale the best option for buyers?
We educate our buyers on the advantages and disadvantages of purchasing bank foreclosures or short sales. These distressed sales usually require more work and more out of of pocket money after a buyer closes on the property. Buyers also need to be aware of the higher taxes and longer wait time for distressed sales. In particular, short sales can take 6-9 months or even longer to close, as banks are currently inundated with pending distressed property sales.
Curious to know why Parkland is such a popular place to live and raise a family? Read our recent post: What Is The Parkland Florida Lifestyle?
We know the numbers, we analyze the market, our clients make better decisions. If you are interested in buying or selling real estate in Parkland or South Florida and are looking for experienced local Realtors, please do not hesitate to contact the Squawk at or send us a message here.
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