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December 2021 - Parkland Bay - Market Update

Page 1

DECEMBER 2021 Edition

www.LIVEINParklandBay.com

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

#1 PA R K L A N D R E A L E S TAT E T E A M 5 Y E A R S I N A R O W

Our Success in 2021 Y E A R - TO - DAT E

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

130 SALES

$90,779,264

15 PENDING

$15,521,640

How We Are Selling Our Homes For 103% Of Listing Price

12185 Lake House Lane

Sold $30,000 Over Asking Price! FULL DETAILS INSIDE

Presented by www.LIVEINParklandBay.com

DECEMBER 2021 Edition

Michael Citron

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As the holidays approach, we can expect to see listings hitting the market a lot slower, as Sellers typically hold off putting their home on the market. Parkland Bay’s median sales price is $1,010,000 which is around $125,000 greater than the median sales price of all of Parkland Single Family Homes at $885,000. In Parkland, homes are going under contract on average in just 27 days based on sales from the past 90 days. Inventory is at an all time low, but I am forecasting that after the holidays and when mortgage interest rates rise, home inventory will increase causing the market to shift .

Homes Sold In The Past 90 Days

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.

ADDRESS

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

SQ FT

LIST PRICE

SOLD PRICE

POOL

WATER FRONT

1

4,203

$1,200,000

$1,200,000

No

Yes

3

1

3,002

$999,990

$1,010,000

Yes

Yes

2

1

2,785

$909,000

$909,000

Yes

No

BEDS

BATHS

8865 Parkland Bay Dr

4

3

8605 E Baypointe Cir

5

8585 E Baypointe Cir

4

HALF BATHS

PARKLAND BAY SINGLE FAMILY MARKET REPORT

Map Legend

DECEMBER 2021 MARKET REPORT Home values soared and inventory plummeted.

2

Homes For Sale

MEDIAN SALES PRICE*

NUMBER OF HOMES SOLD*

2020-2021 Comparison

2020-2021 Comparison

Pending Sales

ACTIVE LISTINGS

2

PENDING SALES

3

SOLD IN PAST 90 DAYS

$1,200,000

7 6

$1,000,000 $900,000

5

$800,000

MEDIAN SALE PRICE

Use Camera Phone To View Home Sales in Parkland Bay

4

$700,000

$600,000 3

$500,000

$400,000

$1,010,000

Closed Sales

$1,100,000

2

$300,000

$200,000

1

$100,000

0

0

JUL

AUG

SEP

OCT

JUL

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

AUG

SEP

2020

OCT

2021

Our Success in Parkland Bay

2

PENDING SALES

1

SOLD

$815,000 IN SALES


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December 2021 - Parkland Bay - Market Update by Realtor Michael Citron - Issuu