SEPTEMBER 2022 Edition
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REAL ESTATE MARKET REPORT
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6733 NW 105th Lane
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SEPTEMBER 2022 Edition
Michael Citron
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From Your Real Estate Expert
Michael Citron
The Back to School Market has certainly shown face. We are seeing the buyer demand slow down as many parents aren’t looking to make moves at the start of the school year. Inventory has increased across Parkland and there are certain communities that have larger months of supply. Country’s Point has 2 Homes available and 0 Under Contract, of which 50% of the homes have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy. Country’s Point has a 1 month supply of inventory. When you are looking to sell your home keep in mind to list with a Top Selling Realtor who uses a unique marketing campaign to get you the best offer. 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.
6733 NW 105th Lane LISTED IN FOX RIDGE | LIST PRICE $1,284,900
SINGLE FAMILY MARKET REPORT
2
C O U N T R Y ’ S
SEPTEMBER 2022 MARKET REPORT
0
ACTIVE LISTINGS
P O I N T
MEDIAN SALES PRICE*
Pool
4 Full Baths
$300,000 Custom Upgrades
NUMBER OF HOMES SOLD*
2021-2022 Comparison
PENDING SALES
5 Beds
2021-2022 Comparison
$1,200,000
7
$1,100,000
1/2
6
$1,000,000 $900,000
PRICE REDUCTIONS
5
$800,000
4
$700,000
$600,000
16
SOLD IN PAST 180 DAYS
25
AVERAGE DAYS ON MARKET
3
$500,000
$400,000
7320 Dover Court
2
$300,000
$200,000
1
JUST SOLD IN CYPRESSHEAD | SOLD FOR $1,149,900
$100,000
0
$827,500 MEDIAN SALES PRICE
0 MAY
JUNE
JULY
AUG
MAY
* Data shown for the sales in Country’s Point is based on the MLS as of September 14, 2022 and is deemed to be reliable but should be verified.
JUNE
JULY
2021 2022
AUG
4 Beds
Pool
2 Full Baths
Custom Upgrades