SEPTEMBER 2022 Edition
www.LIVEIN CypressHea d.com 11555 Heron Bay Blvd. Suite 200 Coral Springs FL, 33076
Permit # 3018
954.609.0591 Michael@ParklandParrot.com
#1 PARKLAND REAL ESTATE TEAM 6 YEARS IN A ROW
CYPRESS
HEA D
REAL ESTATE MARKET REPORT
THANKS FOR SUPPORTING US AND MAKING US THE
#1 IN PARKLAND REAL ESTATE TEAM
Every Resident Gets A Free Gift! Flip To Page 4 For More Details.
SCAN THE QR CODE AND YOUR FREE GIFT WILL ARRIVE IN DAYS!
6720 Yellowstone Lane
JUST LISTED
16oz Parrot Realty
Tumbler
FULL DETAILS INSIDE
Scan this with your phone’s camera
Stay Cool With Our Tumbler During The Summer’s Hot Selling Season! Presented by www. LIVEIN CypressHea d.com
SEPTEMBER 2022 Edition
Michael Citron
Prepared Exclusively for
Prepared Exclusively for
Get Your Free Home Evaluation Today Visit www.LIVEINCypressHead.com
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. Cypress Head has 7 Homes available and 1 under contract, of which 38% of the homes have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy. Cypress Head has approximately 3 months of supply of inventory and remains a community in which homes are selling faster than most of Parkland. 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.
C Y P R E S S
SINGLE FAMILY MARKET REPORT
7
JUST LISTED $1,299,900
H E A D
MEDIAN SALES PRICE*
Pool
3.5 Baths
5 Bedrooms
SEPTEMBER 2022 MARKET REPORT
1
ACTIVE LISTINGS
6720 Yellowstone Lane
NUMBER OF HOMES SOLD*
2021-2022 Comparison
2021-2022 Comparison
PENDING SALES $1,800,000
7
$1,650,000
3/8
PRICE REDUCTIONS
6
$1,500,000 $1,350,000
5
$1,200,000
4
$1,050,000
$900,000
11
SOLD IN PAST 90 DAYS
25
AVERAGE DAYS ON MARKET
3
$750,000
$600,000
2
4 Beds
Pool
4 Bedrooms
1
2 Full Baths
Custom Upgrades
2.5 Baths
$450,000
$300,000 $150,000
0 MAY
$1,485,000 MEDIAN SALES PRICE
JUNE
JULY
AUG
MAY
* Data shown for the sales in Cypress Head is based on the MLS as of September 14, 2022 and is deemed to be reliable but should be verified.
JUNE
JULY
2021 2022
Pool
AUG
7320 Dover Court SOLD FOR $1,149,900 | Represented Seller
7210 W Cypresshead Dr SOLD FOR $1,115,000 | Represented Buyer & Seller