There were 29 total single family sales for the month of September, 2010 ranging in price from $205,000 to $999,000. Last month, there were 35 total single family home sales. There were 6 less Parkland single family home sales in the month of August than in July, 2010.
Among the 29 sales for the month of September, approximately half (14) of the sold homes were located in Heron Bay & Parkland Golf & Country Club. Like, the previous months, many of the short sales and foreclosures are located in both of these communities. With all the buzz surrounding the great sales success for the new pre-construction homes at Parkland Reserve, many buyers are looking to purchase in West Parkland. As a result, more and more Parkland home inventory is selling, which again helps the overall Parkland real estate market, which is still absorbing the short sales and foreclosures.
The distressed sales (short sales or bank foreclosures) in Parkland have been moving at a faster pace than in previous months. 13 of the 29 total home single family home sales were distressed. Hopefully, as this inventory is sold to end users, the overall Parkland real estate market will continue to improve.
We keep telling our readers and clients that NOW is the time to buy in Parkland. Parkland has never been more affordable to live as mortgage interest rates continue to be at record low levels. Want to raise your children in one of the best school districts and safest cities in the country? Then, click on the following link to learn the Top 5 Reasons To Live In Parkland Florida
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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