www. LIVEIN Watercrest.com JANUARY 2023 Edition WATERCREST #1 PARKLAND REAL ESTATE TEAM 6 YEARS IN A ROW 10982 Pinnacle Way FULL DETAILS INSIDE 2022 FEATURED SALE Permit # 3018 11555 Heron Bay Blvd. Suite 200 Coral Springs FL, 33076 954.609.0591 Michael@ParklandParrot.com Presented by Michael Citron & Stephanie 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 Watercrest.com JANUARY 2023 Edition
2022 Watercrest Market Review
Presented By Michael Citron
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. Watercrest had 30 sales in 2022, and 61 in 2021.
Total Homes Sold 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. In 2022, Watercrest’s Average Days on Market was 25 and in 2021 it was 28 days. That was nearly a 10% increased time on market.
Median Sales Price
The biggest change in the market was that in 2022 the median sales price in Watercrest was $1,355,000. The community had it’s fair share of Record Sales this past year. In 2021, it was only $1,010,000. 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.
5 42
1 3
DAYS
PRICE REDUCTIONS
3/6 $1,500,000
SALES PRICE
$1,360,000 | REPRESENTED SELLER $1,650,000 | REPRESENTED SELLER REPRESENTED BUYER & SELLER REPRESENTED SELLER $1,174,900| REPRESENTED SELLER $60,000 OVER ASKING $50,000 OVER ASKING SOLD FOR $911,528 SOLD FOR $975,000 SOLD AT FULL PRICE 10982 Pinnacle Way 9065 Watercrest Circle 8820 Watercrest Circle W 9210 Meridian Dr. E 11056 Meridian Dr N Our Success In Watercrest 2022 $7,621,428 Closed In Sales 6 Prepared Exclusively for WATERCREST JANUARY 2023 MARKET REPORT *Data shown for the sales in Watercrest is based on the MLS as of January 6, 2023 and is deemed to be reliable but should be verified. 2022 2021 NUMBER OF HOMES SOLD* 2020-2021 Comparison MEDIAN SALES PRICE* 2020-2021 Comparison Get Your Free Home Evaluation Today Visit www.LIVEINWatercrest.com $1,600,000 $1,400,000 $1,200,000 $1,000,000 $800,000 $600,000 $400,000 $200,000 0 JULY AUG SEPT OCT 7 6 5 4 3 2 1 0 JULY AUG SEPT OCT SINGLE FAMILY MARKET REPORT ACTIVE LISTINGS AVERAGE DAYS ON MARKET PENDING SALES SOLD IN PAST 90
MEDIAN
