SEPTEMBER 2022 Edition
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REAL ESTATE MARKET REPORT
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8725 E Baypoint Circle
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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. Parkland Bay has 11 Homes available and 1 under contract, of which 25% of the homes have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy. Parkland Bay has a 3.5 months supply of inventory which keeps the Parkland Bay community in a sellers market as long 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.
8725 E Baypoint Circle
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.
P A R K L A N D
SINGLE FAMILY MARKET REPORT
11
MEDIAN SALES PRICE*
26
AVERAGE DAYS ON MARKET
Waterfront
Represented Seller
$1,650,000
6
$1,500,000 $1,350,000
5
$1,200,000
8450 W Parkland Bay Trail
4
$900,000
16
3.5 Baths
7
$1,050,000
SOLD IN PAST 180 DAYS
Loft
2021-2022 Comparison
$1,800,000
PRICE REDUCTIONS
Pool
NUMBER OF HOMES SOLD*
2021-2022 Comparison
PENDING SALES
3/12
B A Y
5 Bedrooms
SEPTEMBER 2022 MARKET REPORT
1
ACTIVE LISTINGS
SOLD FOR $1,390,000 | $25,000 OVER ASKING
3
$750,000
$600,000
SOLD FOR $1,265,242
2
$450,000
$300,000
1
5 Beds
Pool
4 Full Baths
Waterfront
Loft
$150,000
0
0
$1,157,821 MEDIAN SALES PRICE
MAY
JUNE
JULY
AUG
MAY
* Data shown for the sales in Parkland Bay is based on the MLS as of September 14, 2022 and is deemed to be reliable but should be verified.
JUNE
JULY
AUG
2021 2022
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