Pine Tree Estates - September 2022

SEPTEMBER 2022 Edition

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PINE TREE ESTATES REAL ESTATE MARKET REPORT

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6090 NW 66th Avenue

SOLD FOR $1,320,000

16oz Parrot Realty

$20,000 OVER ASKING

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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.

Pine Tree Estates has 16 Homes available and 2 under contract, of which nearly 22% of the homes have had price reductions. This data shows that homeowners have to be a bit more aggressive in their pricing strategy. Pine Tree Estates has a nearly 5 months supply of inventory and the homes are averaging 33 days on the market. Homes in your community are certainly taking longer to sell than the City average 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.

SINGLE FAMILY MARKET REPORT

16

P I N E

T R E E

E S T A T E S

SEPTEMBER 2022 MARKET REPORT

2

ACTIVE LISTINGS

6090 NW 66th Avenue

MEDIAN SALES PRICE*

SOLD FOR $1,320,000 | $20,000 OVER ASKING 4 Beds

4 Baths

Pool

Represented Seller

NUMBER OF HOMES SOLD*

2021-2022 Comparison

2021-2022 Comparison

PENDING SALES $1,800,000

7

$1,650,000

4/18

PRICE REDUCTIONS

6

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

5

$1,200,000

4

$1,050,000

SOLD FOR $1,100,000

$900,000

20

SOLD IN PAST 180 DAYS

33

AVERAGE DAYS ON MARKET

$600,000

MEDIAN SALES PRICE

5831 NW 80th Terrace

2

$450,000

$300,000

Represented Seller

1

SOLD FOR $1,412,500 $110,000 OVER LIST PRICE

6173 NW 62nd Terrace

5328 NW 79th Way

Represented Seller

Represented Seller

$150,000

0

$1,406,250

3

$750,000

SOLD FOR $1,905,000

0 MAY

JUNE

JULY

AUG

MAY

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

JUNE

JULY

2021 2022

AUG

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