NOVEMBER 2022 Edition
www.LIVEIN Parklan dReser ve.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
PARKLAND RESERVE
t
REAL ESTATE MARKET REPORT
ATTENTION HOMEBUYERS:
KNOW YOUR
OPTIONS! Don’t Be Intimidated By The Mortgage Rates. If You’re A Buyer, It’s Time To Get Informed!
3 2 1 3-2-1 Buydown
Permanent Buydown
5-Year Arm
A type of loan that starts out with a low interest rate and rises over the next several years until it reaches its permanent rate where the buyer can then refinance for a new rate.
By financing the discount points up front, the interest rate can be up to 75 basis points lower than prevailing market rates.
A loan with a fixed interest rate for the first 5 years. Afterward, the 5/1 ARM switches to an adjustable interest rate for the remainder of its term or the buyer can refinance.
Marry The Home, Date The Rate. Presented by www.LIVEIN Parklan dReser ve.com
NOVEMBER 2022 Edition
Michael Citron
Prepared Exclusively for
Prepared Exclusively for
Get Your Free Home Evaluation Today Visit www.LIVEINParklandReserve.com
From Your Real Estate Expert
Michael Citron
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The Holiday Season is upon us and that means that the seller market tends to slow down. This is obvious as most sellers and buyers are trying to plan their vacations and decorating their homes. If you are a buyer it is time to strategize and prepare for what is to come especially with the recent dip in mortgage rates into the 6% range.
To Our Website From Your Computer or Mobile Device Where We Provide You With Up-To-Date Information & Market Updates.
Parkland Reserve has 2 Homes available and 1 under contract, of which 33% of the homes have had price reductions. With overall inventory reaching pre-Covid numbers we may see the Parkland Real Estate Market turn into a Buyer’s Market within the first 2 quarters of 2023. Our current supply of inventory is around 4 months leaving us 2 months shy of that 6 month mark. If you’re selling your home you should align yourself with an agent on our team who has their pulse on the market and can get you the best price.
Homes Sold In The Past
180 Days
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 4th quarter of 2022.
7357 NW 111th Way
11174 NW 72nd Pl
7532 NW 110th Dr
10898 NW 72nd Pl 7316 NW 112th Pl
P A R K L A N D
10866 NW 74th Dr
R E S E R V E
NOVEMBER 2022 MARKET REPORT
SINGLE FAMILY MARKET REPORT
1
0
ACTIVE LISTINGS
PENDING SALES
10791 NW 74th Dr
TOWNHOME MARKET REPORT
1/1 PRICE REDUCTIONS
1
1
ACTIVE LISTINGS
PENDING SALES
7242 NW 108th Way
0/2 PRICE REDUCTIONS
4
16
4
18
SOLD IN PAST 180 DAYS
AVERAGE DAYS ON MARKET
SOLD IN PAST 180 DAYS
AVERAGE DAYS ON MARKET
$945,000
$570,000
MEDIAN SALES PRICE
MEDIAN SALES PRICE
Use Camera Phone To View Home Sales in Parkland Reserve
ADDRESS
BEDS
BATHS
HALF BATHS
SQ FT
LIST PRICE
SOLD PRICE
POOL
WATER
7532 NW 110th Dr
5
4
0
3,572
$1,050,000
$1,050,000
Yes
Yes
7357 NW 111th Way
5
4
0
3,558
$999,999
$1,150,000
Yes
Yes
11174 NW 72nd Pl
4
3
0
2,556
$849,000
$840,000
Yes
No
7316 NW 112th Way
4
3
0
2,340
$799,999
$785,000
No
No
10898 NW 72nd Place
4
2
1
1,839
$617,950
$605,000
No
No
10866 NW 74th Dr
4
2
1
1,839
$595,000
$585,000
No
No
10791 NW 74th Dr
3
2
1
1,616
$559,999
$555,000
No
No
7242 NW 108th Way
4
2
1
1,839
$525,000
$525,000
No
No