December 2021 - Watercrest - Market Update

DECEMBER 2021 Edition

www.LIVEINWatercrest .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

WATERCREST

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

11045 Meridian Drive South

SOLD In 1 Day FULL DETAILS INSIDE

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

Presented by

www. LIVEINWatercrest .com

DECEMBE R 2021 Edition

Michael Citron & Stephanie Citron

Prepared Exclusively for

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

Prepared Exclusively for

From Your Real Estate Expert, Michael Citron.

11045 Meridian Drive South

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.

Watercrest’s median sales price is $1,086,000 which is around $200,000 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.

4 Bedrooms Huge Bonus Room

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 .

Loft

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.

4 Full Baths Screened In Pool

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

SOLD FOR $1,300,000 $50,000 Over List Price

SOLD

WATERCREST SINGLE FAMILY MARKET REPORT

8930 Watercrest W

DECEMBER 2021 MARKET REPORT Home values soared and inventory plummeted.

6

MEDIAN SALES PRICE*

NUMBER OF HOMES SOLD*

2020-2021 Comparison

2020-2021 Comparison

$18,000 Over List Price

4

$10,000 Over List Price D

D

L

L

O

O

5

S

$800,000

L

6

D

7

$1,000,000

$25,000 Over List Price

S

8

$1,200,000

$600,000

MEDIAN SALE PRICE

Pool

9

$1,400,000

SOLD IN PAST 90 DAYS

$1,086,000

Waterfront

10

O

11

$1,600,000

S

PENDING SALES

4.5 Baths

Huge Bonus Room

ACTIVE LISTINGS

8

4 Beds

3

$400,000

2 $200,000

8950 Carrington Avenue

1

0 JUN

JUL

AUG

SEP

0

Represented Buyer & Seller JUN

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

JUL

AUG

2020

11350 Carrington Avenue

9380 Carrington Avenue Represented Seller

Represented Buyer & Seller

SEP

2021

Our Success in Watercrest

8

CLOSED

$7,959,000 IN SALES