OCTOBER 2021 Edition
www.LIVEINTheRanches.com
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
THE RANCHES
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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6001 NW 72nd Way
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OCTOBER 2021 Edition
Michael Citron
Prepared Exclusively for
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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! The Ranches’ median sales price is $2,312,500 which is approximately $1,500,000 more than the medians sales price of all of Parkland at $810,000. In Parkland, homes are going under contract in just 17 days.
Under Contract For Record Price! Custom Marketing Campaign
Currently, there are 4 homes for sale in The Ranches with only 61 total available homes in The City of Parkland.
47 Families At Open House
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.
Multiple Offers Over Asking Price
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.
Listed for $1,500,000
Sold for $1,650,000
Visit: LIVEINTheRanches.com to request a home market analysis and customized marketing plan or Call 954-609-0591.
THE RANCHES SINGLE FAMILY MARKET REPORT
SOLD
SOLD
Represent Both Buyer & Seller
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
4
$4,000,000
4
6427 NW 80th Terrace
$3,500,000
$3,000,000
6347 NW 72nd Way
3
SOLD
$2,500,000
$2,000,000
SOLD
Represent Both Buyer & Seller
2
SOLD IN PAST 90 DAYS $1,500,000
$2,312,500 MEDIAN SALE PRICE
$1,000,000
1
$500,000
0
0 MAY
JUN
JUL
AUG
MAY
*Data shown for the sales in The Ranches is based on the MLS and is deemed to be reliable but should be verified.
JUN
JUL
2020
AUG
2021
5442 NW 80th Terrace
7271 NW 65th Terrace