Presented by Michael Citron Prepared Exclusively for JULY 2023 Edition CYPRESS HEAD #1 PARKLAND REAL ESTATE TEAM 7 YEARS IN A ROW REAL ESTATE MARKET REPORT 6821 N Woodridge Dr FULL DETAILS INSIDE UNDER CONTRACT www. LIVEIN CypressHead.com Permit # 3018 11555 Heron Bay Blvd. Suite 200 Coral Springs FL, 33076 954.609.0591 Michael@ParklandParrot.com www. LIVEIN CypressHead.com JULY 2023 Edition Find Out What Happened at 12712 NW 17th St Scan Here For The Full Story
Cypress Head Market Review
Presented By Michael Citron
In the recent 90-day period, Cypress Head recorded 7 home sales, indicating a decline in sales compared to the previous year. However, it is noteworthy that homes in our community 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 Cypress Head was 55 days, indicating a relatively slower sales pace compared to the rest of Parkland, where homes sold in an average of 51 days.
The median sales price in Cypress Head has consistently held at around $1,400,000 year-over-year, indicating a robust market in our community. The desirability of gated communities coupled with diversely styled homes in East Parkland tends to attract many buyers who are looking to live the Parkland lifestyle along with resort style amenities.
SOLD For $1,400,000 Sold for $1,200,000 | Represented Seller 6915 Ocala Lane 6720 Yellowstone Ln UNDER CONTRACT | Listed at $1,374,900 6821 N Woodridge Drive 3.5 Baths 5 Beds Pool Custom Updgrades Prepared Exclusively for Get Your Free Home Evaluation Today Visit www.LIVEINCypressHead.com
Total Homes Sold Average Days On Market Median Sales Price CYPRESS HEAD JULY 2023 MARKET REPORT * Data shown for the sales in Cypress Head 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 ACTIVE LISTINGS PRICE REDUCTIONS PENDING SALES SOLD IN PAST 90 DAYS AVERAGE DAYS ON MARKET 3 1/5 2 7 55 MEDIAN SALES PRICE $1,400,000 SINGLE FAMILY MARKET REPORT
