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2022 Parkland Bay Market Review
Presented By Michael Citron
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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.
