Cypresshead - September 2022

SEPTEMBER 2022 Edition

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REAL ESTATE MARKET REPORT

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6720 Yellowstone Lane

JUST LISTED

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SEPTEMBER 2022 Edition

Michael Citron

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From Your Real Estate Expert

Michael Citron

The Back to School Market has certainly shown face. We are seeing the buyer demand slow down as many parents aren’t looking to make moves at the start of the school year. Inventory has increased across Parkland and there are certain communities that have larger months of supply.

Cypress Head has 7 Homes available and 1 under contract, of which 38% of the homes have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy.

Cypress Head has approximately 3 months of supply of inventory and remains a community in which homes are selling faster than most of Parkland. When you are looking to sell your home keep in mind to list with a Top Selling Realtor who uses a unique marketing campaign to get you the best offer.

Please be on the lookout for our market update in the Parklander every month for an in-depth look into the market and past sales in Parkland & Coral Springs as well as my Personal Insight as to what we can expect in the 3rd quarter of 2022.

C Y P R E S S

SINGLE FAMILY MARKET REPORT

7

JUST LISTED $1,299,900

H E A D

MEDIAN SALES PRICE*

Pool

3.5 Baths

5 Bedrooms

SEPTEMBER 2022 MARKET REPORT

1

ACTIVE LISTINGS

6720 Yellowstone Lane

NUMBER OF HOMES SOLD*

2021-2022 Comparison

2021-2022 Comparison

PENDING SALES $1,800,000

7

$1,650,000

3/8

PRICE REDUCTIONS

6

$1,500,000 $1,350,000

5

$1,200,000

4

$1,050,000

$900,000

11

SOLD IN PAST 90 DAYS

25

AVERAGE DAYS ON MARKET

3

$750,000

$600,000

2

4 Beds

Pool

4 Bedrooms

1

2 Full Baths

Custom Upgrades

2.5 Baths

$450,000

$300,000 $150,000

0 MAY

$1,485,000 MEDIAN SALES PRICE

JUNE

JULY

AUG

MAY

* Data shown for the sales in Cypress Head is based on the MLS as of September 14, 2022 and is deemed to be reliable but should be verified.

JUNE

JULY

2021 2022

Pool

AUG

7320 Dover Court SOLD FOR $1,149,900 | Represented Seller

7210 W Cypresshead Dr SOLD FOR $1,115,000 | Represented Buyer & Seller