SEPTEMBER 2022 Edition
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MIRAL AG O REAL ESTATE MARKET REPORT
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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. MiraLago has 11 Homes available and 3 under contract, of which 57% of the homes have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy. MiraLago has a 4.5 months supply of inventory which keeps the community in a Seller’s Market as the months supply of inventory remains below 6 months. 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.
M I R A L A G O
SINGLE FAMILY MARKET REPORT
TOWN PARC MARKET REPORT
SEPTEMBER 2022 MARKET REPORT
5 Beds
Pool
4 Full Baths
Waterfront
3
ACTIVE LISTINGS
MEDIAN SALES PRICE*
NUMBER OF HOMES SOLD*
2021-2022 Comparison
PENDING SALES
2021-2022 Comparison
$1,000,000
8/14
PRICE REDUCTIONS
5
SOLD IN PAST 90 DAYS
18
AVERAGE DAYS ON MARKET
$900,000
Putting Green
Pool
Custom Finishes CASCATA
10593 N Lago Vista Cricle
10955 Vista Terrace UNDER CONTRACT | LISTED AT $1,349,900
0
ACTIVE LISTINGS
12
$800,000
PENDING SALES
0/6
10
$700,000
$600,000
PRICE REDUCTIONS
8
$500,000
6
$400,000 $300,000
8
4
$200,000 2
$100,000
SOLD IN PAST 180 DAYS
20
AVERAGE DAYS ON MARKET
SOLD FOR $820,000 $20,000 OVER ASKING
SOLD FOR $1,320,000 $120,000 OVER ASKING
SOLD FOR $1,230,000 $30,000 OVER ASKING
0 MAY
MEDIAN SALES PRICE
4 Full Baths
14
0
$1,300,000
6
Waterfront
CASCATA
SOLD FOR $1,300,000
11
5 Beds
JUNE
JULY
AUG
MAY
JUNE
* Data shown for the sales in MiraLago is based on the MLS as of September 6, 2022 and is deemed to be reliable but should be verified.
JULY
AUG
2021 2022
9820 S MiraLago Way
$632,950 MEDIAN SALES PRICE
Represented Seller
8670 Lakeside Bend Represented Seller
9735 Blue Isle Bay Represented Seller