Parkland Homes for Sale| Homes sold in Parkland

Homes sold in Parkland (January 1, 2010 – June 30, 2010)

Within the first 6 months of 2010, MLS* Records indicate that 185 Single Family Homes have been purchased in Parkland (a few additional Homes were sold privately, however, Homes sold through Real Estate Brokers comprise the vast majority of Homes that are sold). Parkland is a small segment of the local Real Estate Market in Broward County and, elsewhere in the County, sales of 6,680 Single Family Homes were recorded in the MLS within the same timeframe.

The purchase price range of the 185 Homes sold was $50,000 – $1,800,000, with an average purchase price of $475,000. The current average purchase price of Homes in Parkland is a decrease from several years ago when the average purchase price was significantly higher. For example, in 2006, the average purchase price for Single Family Homes sold in Parkland was $840,000, so there’s definitely been a significant adjustment since the time of peak market prices.

The $50,000 purchase is a Home that was condemned because of a major Fire and was scheduled to be torn down and rebuilt, so was purchased for Land value only.

The $1,800,000 Home that was purchased is located in the Heron Estates section of Heron Bay, was built in 2009 and has 6 Bedrooms, 5 Full Baths, 3 Half Baths, a Pool, 3-Car Garage, and 7,985 total Square Feet. The property description reads:

“MOTIVATED SELLER. THIS ONE OF A KIND HOME IN PRESTIGIOUS HERON ESTATES IS LIKE NO OTHER. A PANORAMIC VIEW OF WATER & GOLF BRINGS THE ULTIMATE FLORIDA LUXURY LIFESTYLE. INTERIOR FINISHES SEEN ONLY IN ARCHITECTURAL MAGAZINES. LIMESTONE FLOORS, PORCELAIN COVERED WALLS & SCHOWNBECK CRYSTAL CHANDELIERS. 1000 SQ.FT. LAVISH MASTER BED & BATH. GRAND FOYER,IN-WALL FIREPLACE, GOURMET KITCHEN INTEGRATED APPLIANCES. HOME THEATER, ELEVATOR, TRAVERTINE DRIVEWAY, PELLA IMPACT WINDOWS & DOORS,RESORT STYLE PATIO POOL/SPA, GAZEBO.”

Price range details of the Homes sold are as follows:

20 Homes were purchased under $300,000
33 Homes were purchased between $300,000 – $399,999
45 Homes were purchased between $400,000 – $499,999
32 Homes were purchased between $500,000 – $599,999
23 Homes were purchased between $600,000 – $699,999
10 Homes were purchased between $700,000 – $799,999
11 Homes were purchased between $800,000 – $999,999
11 Homes were purchased between $1,000,000 – $1,800,000

Foreclosures and Short Sales Purchased

Of the 185 Homes purchased, 26 were Bank owned Foreclosures. Their purchase price range was $230,000 – $600,000, with an average purchase price of $370,097. Their average number of days on the market was 35 days, which is typical since most Bank owned Foreclosures are purchased quickly. The average List price to Sale price ratio was 97.07%, which is also typical since most Bank owned Foreclosures are purchased close to List price or higher.

Of the 185 Homes purchased, 39 were Short Sales, with a purchase price range of $216,000 – $1,258,650 and average purchase price of $475,000.