Heron Bay Market Review
Presented By Michael Citron
In the recent 90-day period, Heron Bay recorded 35 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 Heron Bay was 22 days, indicating a significantly higher sales pace compared to the rest of Parkland, where homes sold in an average of 51 days.
The median sales price in Heron Bay has consistently held at around between $850,000 to just over $1,000,000 year-over-year, indicating a robust market in our community. The desirability of gated communities close to all schools, highways and shopping advocates for higher desirability and results in shorter time on market for homes in Heron Bay.
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HERON BAY JULY 2023 MARKET REPORT *Data shown for the sales in Heron Bay 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 $1,200,000 $1,100,000 $1,000,000 $900,000 $800,000 $700,000 $600,000 $500,000 $400,000 $300,000 $200,000 $100,000 0 MAR APR MAY JUNE 35 30 25 20 15 10 5 0 MAR APR MAY JUNE SINGLE FAMILY MARKET REPORT ACTIVE LISTINGS PRICE REDUCTIONS PENDING SALES SOLD IN PAST 90 DAYS AVERAGE DAYS ON MARKET 30 8/49 19 35 22 MEDIAN SALES PRICE $857,500 TOWNHOME MARKET REPORT ACTIVE LISTINGS PRICE REDUCTIONS PENDING SALES SOLD IN PAST 90 DAYS AVERAGE DAYS ON MARKET 4 0/8 4 11 58 MEDIAN SALES PRICE $515,000 Sold for $1,049,000 | Represented Seller 8093 NW 112 Terrace $20,000 Over Asking | Sold for $1,070,000 7838 NW 111th Way | Greenbriar 11423 NW 79th Manor | Osprey Lake Sold For $1,600,000 | Represented Seller Sold For $857,500 | Represented Seller 8159 NW 125th Ln | Sable Point Under Contract | Listed at $1,100,000 Sold For $1,175,000 | Represented Seller 10812 NW 80th Circle | Creekside 12766 NW 75th St | Heron Isles Represented Buyer & Seller
Total Homes Sold Average Days On Market Median Sales Price
