December 2021 - Cypress Head - Market Update

DECEMBER 2021 Edition

www.LIVEINCypressHea d.com

Permit # 3018

11555 Heron Bay Blvd. Suite 200 Coral Springs FL, 33076 954.609.0591 Michael@ParklandParrot.com

#1 PARKL AND REAL ESTATE TEAM 5 YEARS IN A ROW

Our Success in 2021

CYPRESS HEAD

YEA R-TO -DATE

R E AL E STATE MAR KE T R E PORT

130 SALES

$90,779,264

15 PENDING

$15,521,640

How We Are Selling Our Homes For 103% Of Listing Price

6820 E Cypresshead Drive

JUST SOLD FULL DETAILS INSIDE

Presented by www. LIVEINCypressHea d.com

DECEMBE R 2021 Edition

Michael Citron

Get Your Free Home Evaluation Today Visit www.LIVEINCypressHead.com

Prepared Exclusively for

From Your Real Estate Expert, Michael Citron.

JUST SOLD!

As the holidays approach, we can expect to see listings hitting the market a lot slower, as Sellers typically hold off putting their home on the market.

Cypress Head’s median sales price is $1,284,000 which is around $400,000 greater than the median sales price of all of Parkland Single Family Homes at $885,000. In Parkland, homes are going under contract on average in just 27 days based on sales from the past 90 days.

6820 E Cypresshead Drive 5 Beds

Inventory is at an all time low, but I am forecasting that after the holidays and when mortgage interest rates rise, home inventory will increase causing the market to shift .

4.5 Baths

Please check out our detailed market report for the cities of Parkland and Coral Springs in the Parklander Magazine presented by Michael Citron who gives his expert opinion on the overall market.

Huge Bonus Room Pool

Visit: LIVEINCypressHead.com to request a home market analysis and customized marketing plan or Call 954-609-0591.

Represented Buyer & Seller

SOLD

CYPRESS HEAD SINGLE FAMILY MARKET REPORT

7801 Salem Lane

DECEMBER 2021 MARKET REPORT Home values soared and inventory plummeted.

3

MEDIAN SALES PRICE*

4 Beds 4.5 Baths

NUMBER OF HOMES SOLD*

2020-2021 Comparison

2020-2021 Comparison

Office

ACTIVE LISTINGS

2

PENDING SALES

6

SOLD IN PAST 90 DAYS

$1,284,000 MEDIAN SALE PRICE

$1,600,000

7

$1,400,000

6

$1,200,000

Represented Buyer & Seller

5

$1,000,000

4

$800,000 3 $600,000 2

$400,000

1

$200,000

0

0 JUL

AUG

SEP

OCT

JUL

*Data shown for the sales in Cypress Head is based on the MLS and is deemed to be reliable but should be verified.

AUG

SEP

2020

OCT

2021

Our Success in Cypress Head

1

FOR SALE

2

SOLD

$4,570,000 IN SALES