Permit # 3018 11555 Heron Bay Blvd. Suite 200 Coral Springs FL, 33076 954.609.0591 Michael@ParklandParrot.com www. LIVEIN ParklandBay.com JANUARY 2023 Edition PARKLAND BAY #1 PARKLAND REAL ESTATE TEAM 6 YEARS IN A ROW 8990ParklandBayTrl JUSTLISTED LISTEDAT$1,999,900 Presented by Michael Citron Prepared Exclusively for REAL ESTATE MARKET REPORT t HIGHEST SALE IN 2022 PARKLAND GOLF SOLD FOR $2,400,000 135 HOMES SOLD $ 101.3% $757,846 13 DAYS LIST TO SALES PRICE RATIO IN OVER ASK SALES PRICE AVERAGE DAYS ON MARKET YEAR IN REVIEW $111,667,209 IN SALES www. LIVEIN ParklandBay.com JANUARY 2023 Edition
2022 Parkland Bay Market Review
Presented By Michael Citron
Total Homes Sold
The Real Estate Market in 2022 has surely shaped the future for years to come as we saw exponential growth in many of our communities. Parkland Bay had 25 sales in 2022, and 24 in 2021.
Average Days On Market
Some of the biggest changes we have seen in 2022 was the Average Days on Market, as this was our biggest indicator that the buyer frenzy market was slowing down.Although in the Parkland Bay market not much has changed. In 2022, Parkland Bay’s’ Average Days on Market was 26 and in 2021 it was 24 days.
Median Sales Price
The biggest change in the market was that in 2022 the median sales price in Parkland Bay was $1,200,000. The community had it’s fair share of Record Sales this past year. In 2021, it was only $850,000. Although, with the recent increase in interest rates we may expect home prices to decrease as we come into the 1st and 2nd quarters of 2023.
Our Success In Parkland Bay 2022 $2,655,242 Closed In Sales 2 $1,390,000 | REPRESENTED SELLER $25,000 OVER ASKING 8725 E Baypoint Circle $1,265,242 | REPRESENTED BUYER SOLD FOR $1,265,242 8450 Parkland Bay Trail Prepared Exclusively for Get Your Free Home Evaluation Today Visit www.LIVEINParklandBay.com PARKLAND BAY JANUARY 2023 MARKET REPORT 2022 2021 NUMBER OF HOMES SOLD* 2021-2022 Comparison MEDIAN SALES PRICE* 2021-2022 Comparison $1,800,000 $1,650,000 $1,500,000 $1,350,000 $1,200,000 $1,050,000 $900,000 $750,000 $600,000 $450,000 $300,000 $150,000 0 7 6 5 4 3 2 1 0 SINGLE FAMILY MARKET REPORT ACTIVE LISTINGS AVERAGE DAYS ON MARKET PENDING SALES SOLD IN PAST 180 DAYS MEDIAN SALES PRICE 20
9/22 $1,190,642 PRICE REDUCTIONS SEPT OCT NOV DEC SEPT OCT NOV DEC *Data shown for the sales in Parkland Bay is based on the MLS as of January 6, 2023 and is deemed to be reliable but should be verified.
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