Parkland Bay - September 2022

SEPTEMBER 2022 Edition

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REAL ESTATE MARKET REPORT

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8725 E Baypoint Circle

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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.

Parkland Bay has 11 Homes available and 1 under contract, of which 25% of the homes have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy.

Parkland Bay has a 3.5 months supply of inventory which keeps the Parkland Bay community in a sellers market as long as the months supply of inventory remains below 6 months. 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.

8725 E Baypoint Circle

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.

P A R K L A N D

SINGLE FAMILY MARKET REPORT

11

MEDIAN SALES PRICE*

26

AVERAGE DAYS ON MARKET

Waterfront

Represented Seller

$1,650,000

6

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

5

$1,200,000

8450 W Parkland Bay Trail

4

$900,000

16

3.5 Baths

7

$1,050,000

SOLD IN PAST 180 DAYS

Loft

2021-2022 Comparison

$1,800,000

PRICE REDUCTIONS

Pool

NUMBER OF HOMES SOLD*

2021-2022 Comparison

PENDING SALES

3/12

B A Y

5 Bedrooms

SEPTEMBER 2022 MARKET REPORT

1

ACTIVE LISTINGS

SOLD FOR $1,390,000 | $25,000 OVER ASKING

3

$750,000

$600,000

SOLD FOR $1,265,242

2

$450,000

$300,000

1

5 Beds

Pool

4 Full Baths

Waterfront

Loft

$150,000

0

0

$1,157,821 MEDIAN SALES PRICE

MAY

JUNE

JULY

AUG

MAY

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

JUNE

JULY

AUG

2021 2022

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