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MiraLago October Monthly Market Update - 2021

Page 1

OCTOBER 2021 Edition

www.LIVEINMiraLago.com

11555 Heron Bay Blvd. Suite 200 Coral Springs FL, 33076 954.609.0591 Michael@ParklandParrot.com

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Our Success in 2021

MIRALAGO

Y E A R - TO - DAT E

R E A L E S TAT E M A R K E T R E P O R T

112 SALES

18 PENDING

$76,928,974

$16,489,530

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8760 Lakeview Drive

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OCTOBER 2021 Edition

Michael Citron

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From Your Real Estate Expert, Michael Citron. Fall is here! Typically when school starts, our real estate market slows down. But, the last two years have been like no other! MiraLago’s median sales price is $849,000 which is over the median sales price of all of Parkland at $810,000 by $39,000. In Parkland, homes are going under contract in just 17 days.

8760 Lakeview Drive 5 Beds

Currently, there are 4 homes for sale in MiraLago with only 61 total available homes in The City of Parkland. Last year, there was more than double the amount of homes for sale in the MiraLago community.

Huge Bonus Room Loft

Inventory is still very low, but I am forecasting that when mortgage interest rates rise towards the end of the year and into 2022, home inventory will increase causing the market to shift.

4.5 Full Baths

Please check out our detailed market report for the cities of Parkland and Coral Springs in the Parklander Magazine presented by Michael Citron who gives his expert opinion on the overall market.

Waterfront

Visit: LIVEINMiraLago.com to request a home market analysis and customized marketing plan or Call 954-609-0591.

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MIRALAGO SINGLE FAMILY MARKET REPORT

SOLD

OCTOBER 2021 MARKET REPORT Home values soared and inventory plummeted.

4

MEDIAN SALES PRICE*

NUMBER OF HOMES SOLD*

2020-2021 Comparison

2020-2021 Comparison

ACTIVE LISTINGS

3

PENDING SALES

14

SOLD IN PAST 90 DAYS

$849,000 MEDIAN SALE PRICE

$1,000,000

10

$900,000

9

$800,000

8

$700,000

7

$600,000

6

$500,000

5

$400,000

4

$300,000

3

$200,000

2

$100,000

1

0

0 JUN

JUL

AUG

$115,000 Over List Price 9840 S Miralago Way

TOWN PARC MARKET REPORT

2

ACTIVE LISTINGS

MAY

Pool

5 Beds

4 Baths

Huge Loft

Pool

Waterfront Lot

1

SOLD

$80,000 Over List Price

PENDING SALES

10150 Lake Vista Court

8

5 Beds

SOLD IN PAST 90 DAYS

Waterfront Lot

$480,000 MEDIAN SALE PRICE

MAY

*Data shown for the sales in MiraLago is based on the MLS and is deemed to be reliable but should be verified.

JUN

JUL

2020

4 Baths Pool

Represented Buyer & Seller

AUG

2021

Our Success in MiraLago & Town Parc

2

FOR SALE

13

CLOSED

$13,364,900 IN SALES


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MiraLago October Monthly Market Update - 2021 by Realtor Michael Citron - Issuu