Cascata Market Review
Presented By Michael Citron
In the recent 90-day period, Cascata recorded 15 home sales, indicating a decline in sales compared to the previous year. However, it is noteworthy that homes in Cascata are experiencing fewer price reductions before being sold, suggesting a favorable trend in the market.
In the last 90 days, the average time it took for homes to sell in Cascata was 42 days, indicating a relatively quicker sales pace compared to the rest of Parkland, where homes sold in an average of 51 days.
The median sales price in Cascata has consistently held at between $1,200,000 to $1,300,000, indicating a robust market in our community. The sales of newly constructed homes in 2023 have been exceptionally strong, with notable resale value since their completion.
CASCATA JULY 2023 MARKET REPORT * Data shown for the sales in Cascata is based on the MLS as of July 13th, 2023 and is deemed to be reliable but should be verified. 2023 2022 NUMBER OF HOMES SOLD 2022 to 2023 Comparison MEDIAN SALES PRICE 2022 to 2023 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 MAR APR MAY JUNE 7 6 5 4 3 2 1 0 MAR APR MAY JUNE
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Total Homes
Average Days On Market Median Sales Price
Sold
ACTIVE LISTINGS PRICE REDUCTIONS PENDING SALES SOLD IN PAST 90 DAYS AVERAGE DAYS ON MARKET 13 2/18 6 15 42 MEDIAN SALES PRICE $1,300,000 UNDER CONTRACT | Listed at $899,900 10865 Windward St 2.5 Full Baths 3 Beds Waterfront SINGLE FAMILY MARKET REPORT Sold for $1,250,000 | Represented Buyer & Seller 10990 Vista Terrace Sold for $1,435,000 | Represented Seller 10820 Coral Street
