Parkland Isles - September 2022

SEPTEMBER 2022 Edition

www.LIVEIN Parklan dIsles.com 11555 Heron Bay Blvd. Suite 200 Coral Springs FL, 33076

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954.609.0591 Michael@ParklandParrot.com

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I S L ES

REAL ESTATE MARKET REPORT

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10946 NW 66th Ct UNDER CONTRACT

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LISTED AT $1,029,900

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SEPTEMBER 2022 Edition

Michael Citron & Paula Alves

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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 Isles has 6 Homes available and 3 under contract, of which 55% of the homes have had price reductions. Parkland Isles has a 3 months supply of inventory with and average of 13 days on the market. Parkland Isles has certainly had a active year with multiple record sales provided by our team. 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.

WE ARE BREAKING OUR OWN RECORD!

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.

SINGLE FAMILY MARKET REPORT

6

P A R K L A N D

SEPTEMBER 2022 MARKET REPORT

3

ACTIVE LISTINGS

I S L E S

MEDIAN SALES PRICE*

Pool

4 Full Baths

Waterfront

11205 NW 71st Ct SOLD FOR $990,000 | REPRESENTED SELLER

5 Beds

Pool

4 Full Baths

Waterfront

Custom Finishes

10980 NW 69th Place SOLD FOR $1,108,000 HIGHEST SALE EVER IN PARKLAND

NUMBER OF HOMES SOLD*

2021-2022 Comparison

PENDING SALES

5 Beds

2021-2022 Comparison

$1,200,000

7

$1,100,000

5/9

6

$1,000,000 $900,000

PRICE REDUCTIONS

5

$800,000

4

$700,000

$600,000

9

SOLD IN PAST 90 DAYS

13

AVERAGE DAYS ON MARKET

3

$500,000

$400,000

2

$300,000

$200,000

1

$100,000

0

$855,000 MEDIAN SALES PRICE

0 MAY

JUNE

JULY

AUG

MAY

JUNE

JULY

2021 * Data shown for the sales in Parkland Isles as of September 14, 2022 and is based on the MLS and is deemed to be reliable but should be verified.

2022

Highest

2nd Highest

PARKLAND ISLES SALE IN 2021

PARKLAND ISLES SALE IN 2022

AUG

11012 NW 70th Ct SOLD FOR $980,000 | REPRESENTED SELLER

10971 NW 69th Place SOLD FOR $1,015,000 | $140,000 OVER ASKING