December 2021 - The Ranches - Market Update

DECEMBER 2021 Edition

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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

THE RANCHES

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

6252 NW 65th Terrace

UNDER CONTRACT IN 2 DAYS FULL DETAILS INSIDE

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DECEMBE R 2021 Edition

Michael Citron

Prepared Exclusively for

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

Prepared Exclusively for

From Your Real Estate Expert, Michael Citron.

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. The Ranches’ median sales price is $2,500,000 which is greater than the median sales price of all of Parkland at $885,000 by $1,615,000. In Parkland, single family homes are going under contract in just 27 days based on sales from the past 90 days.

UNDER CONTRACT IN 2 DAYS Custom Marketing Campaign

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

Dozens of Families At Open House

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.

Expert Negotiation

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

UNDER CONTRACT OVER ASK

THE RANCHES

2

$1,000,000

1

6427 NW 80th Terrace Represented Seller

$500,000

0

D O L S D L

L

S

$1,500,000

MEDIAN SALE PRICE

O

$2,000,000

O

$2,500,000

SOLD IN PAST 90 DAYS

$2,500,000

D

D

3

Represented Buyer & Seller

$150,000 Over List Price D

$3,000,000

L

5

SOLD FOR FULL PRICE

$3,500,000

6347 NW 72nd Way

Represented Seller

Represented Buyer & Seller

4

O

PENDING SALES

$4,000,000

5442 NW 80th Terrace

7271 NW 65th Terrace

S

2020-2021 Comparison

ACTIVE LISTINGS

2

S

NUMBER OF HOMES SOLD*

2020-2021 Comparison

S

5

MEDIAN SALES PRICE*

$50,000 Over List Price

O L

D O

L

DECEMBER 2021 MARKET REPORT Home values soared and inventory plummeted.

S

SINGLE FAMILY MARKET REPORT

$30,000 Over List Price

6001 NW 72nd Way Represented Seller

7175 NW 65th Terrace Represented Buyer

0 JUL

AUG

SEP

OCT

JUL

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

AUG

SEP

2020

OCT

2021

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