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Ternbridge October Monthly Market Update - 2021

Page 1

OCTOBER 2021 Edition

www.LIVEINTernbridge.com

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

#1 PA R K L A N D R E A L E S TAT E T E A M 5 Y E A R S I N A R O W

Our Success in 2021

TERNBRIDGE

Y E A R - TO - DAT E

R E A L E S TAT E M A R K E T R E P O R T

112 SALES

18 PENDING

$76,928,974

$16,489,530

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Marketing Strategies: 4K Videos & Night Photography 10259 NW 62nd Court

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www.LIVEINTernbridge.com

OCTOBER 2021 Edition

Michael Citron

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From Your Real Estate Expert, Michael Citron. Fall is here! Typically when school starts, our real estate market slows down. But, the last two years have been like no other! Ternbridge’s median sales price is $777,500 which is just a little under the median sales price of all of Parkland at $810,000. In Parkland, homes are going under contract in just 17 days.

JUST LISTED! 10259 NW 62nd Court

Currently, there are 0 homes available in Ternbridge with only 61 total available homes in The City of Parkland. Last year, there were 2 homes for sale in Ternbridge.

5 Bedrooms

Inventory is still very low, but I am forecasting that when mortgage interest rates rise towards the end of the year and into 2022, home inventory will increase causing the market to shift.

4 Full Baths Screened In Pool

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.

Cul-De-Sac Lot

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

TERNBRIDGE SINGLE FAMILY MARKET REPORT

SOLD

7040 NW 68th Drive

OCTOBER 2021 MARKET REPORT Home values soared and inventory plummeted.

0

MEDIAN SALES PRICE*

NUMBER OF HOMES SOLD*

2020-2021 Comparison

2020-2021 Comparison

ACTIVE LISTINGS

0

PENDING SALES

8

$777,500 MEDIAN SALE PRICE

5 Beds

3 Car Garage

3 Baths

Screened Pool

Represented Buyer & Seller $1,000,000

7

$900,000

SOLD

6

$800,000

$25,000 Over Asking Price

5

$700,000

SOLD IN PAST 90 DAYS

$30,000 Over Asking Price

$600,000

6589 NW 72nd Place

4

$500,000

6 Beds

3

$400,000

3 Baths

2

$300,000

$200,000 1

Corner Lot

$100,000

Pool

0

0 MAY

JUN

JUL

AUG

MAY

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

JUN

JUL

2020

AUG

2021

Our Success in Ternbridge

3

SOLD

$2,335,000 IN SALES


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