JULY 2022 Edition
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954.609.0591 Michael@ParklandParrot.com MAYFAI R · MI LL R UN · PAR KWOOD · PAR KL AND PL ACE · L A K E S AT PA RK L A N D CYPR E SS CAY · PAR KSI DE E STATE S · WATE R ’ S E D GE E STAT E S
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6349 NW 78th Drive SOLD $80,000 OVER ASKING PRICE
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JULY 2022 Edition
Michael Citron
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From Your Real Estate Expert
Michael Citron
The Summer Selling Season is well underway. We have seen the inventory increase to near Pre-Covid numbers in Parkland. Although Parkland remains in an overall seller’s market we can see shifts to a buyer’s market in certain communities. Sellers in the area are not looking at the same seller-friendly market as last year, although we still see some record sales closing. Many of these sales were listed when the mortgage interest rates were closer to 3-4% instead of near 6% currently. Now, sellers have immediate ompetition in their neighborhoods and surrounding communities, and home sellers must have their homes stand out among the rest. It is imperative for homeowners to understand that the buyer pool has nearly 4 times the amount of properties to choose from since this time last year and who you hire to list your home matters more than ever!
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Please be on the lookout for our market update in the Parklander every month for an in-depth look into the market and past sales in Parkland & Coral Springs as well as my Personal Insight as to what we can expect in the 3rd quarter of 2022. ACTIVE LISTINGS
PENDING SALES
2
2
0
1
2
0
0
0
1
0
3
0
MAYFAIR MILL RUN PARKWOOD PARKLAND PLACE LAKES AT PARKLAND CYPRESS CAY PARKSIDE ESTATES WATER’S EDGE ESTATES
1 0
0 0
UNDER CONTRACT LIST PRICE $999,900
SOLD FOR $1,040,000 $40,000 OVER ASKING
6518 NW 103rd Lane
6478 NW 103rd Lane
Represented Seller
Represented Buyer & Seller
SOLD
MEDIAN SALES PRICE
5
$685,000
5
$650,000
1
$655,000
1
$608,000
5
$565,000
UNDER CONTRACT LIST PRICE $1,249,900
UNDER CONTRACT LIST PRICE $1,149,900
7
$688,000
7210 W Cypresshead Drive
7320 Dover Court
IN PAST 180 DAYS
IN PAST 180 DAYS
IN PAST 180 DAYS
IN PAST 360 DAYS
IN PAST 360 DAYS
IN PAST 180 DAYS
4
IN PAST 365 DAYS
3
IN PAST 180 DAYS
Represented Seller
Represented Seller
$647,500 $915,000
We Have Cash Buyers Ready To Buy Homes Just Like Yours.