SEPTEMBER 2022 Edition
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HERO N
BAY
REAL ESTATE MARKET REPORT
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Heron Bay - Sawgrass Bay 11990 NW 81st Ct
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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. Heron Bay has 21 Homes available and 14 under contract, of which 24% of the homes, have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy. Heron Bay has just under 2 months’ supply of inventory which remains a seller’s market as Heron Bay remains a very active market in 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.
6838 NW 117th Ave | Olde Brooke UNDER CONTRACT | LISTED AT $1,499,900
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.
H E R O N
SINGLE FAMILY MARKET REPORT
21
MEDIAN SALES PRICE*
PENDING SALES
PRICE REDUCTIONS
3
ACTIVE LISTINGS
2021-2022 Comparison
$1,200,000
10/41
9
NUMBER OF HOMES SOLD*
2021-2022 Comparison
PENDING SALES
30 25
$800,000
SOLD FOR $1,700,000 | $100,000 OVER ASKING
PRICE REDUCTIONS
20
$700,000
12548 NW 74th Place | Heron Isles
6/12
$1,100,000
$900,000
7487 NW 114th Terrace | The Reserves SOLD FOR $1,100,000 | $100,000 OVER ASKING
35
$1,000,000
SOLD FOR $755,000 | $5,000 OVER ASKING
TOWNHOME MARKET REPORT
SEPTEMBER 2022 MARKET REPORT
14
ACTIVE LISTINGS
B A Y
7174 NW 116th Way | Bay Cove
$600,000
36
SOLD IN PAST 90 DAYS
26
AVERAGE DAYS ON MARKET
$400,000
MEDIAN SALES PRICE
17
10
$300,000
$200,000
SOLD IN PAST 180 DAYS
5
$100,000
0
$1,115,000
15
$500,000
17
AVERAGE DAYS ON MARKET
0 MAY
JUNE
JULY
AUG
MAY
JUNE
* Data shown for the sales in Heron Bay is based on the MLS as of September 14, 2022 and is deemed to be reliable but should be verified.
JULY
2021 2022
AUG
$540,000 MEDIAN SALES PRICE
8080 NW 112th Terrace | Osbrey Lake SOLD FOR $1,230,000 | REPRESENTED BUYER & SELLER
12074 NW 79th Ct | Sawgrass Bay SOLD FOR $1,490,000 | REPRESENTED SELLER