November 2011 Parkland Florida Real Estate Market Conditions

December 6, 2011

11/30/2011

Parkland

· Total Number of homes on the Market - 209

· Average Home Listed Price - $823,720.

· Number of Homes Sold in- Nov. 20

· Number of Homes Sold year to date 358

· Avg. Sold Home Price for Nov. $429,125.

· Avg. Sold Home Price year to date $504,676

· Avg. Days on Market Before sale-year to date 118

Parklands market historically slows down from Thanksgiving to the end of the first week in Jan. Based on year to date figures there is 6.4 months of inventory available, this is half of what it was in the beginning of the year. The difference between asking and selling prices has dropped drastically as the year progressed. Parklands population is approximately 30,000 people with the average age in the mid 30’s.

Parkland Florida is known for their schools, community amenities, safe lifestyle and are considered amongst the most desirable bedroom communities for the Fort Lauderdale, Miami and Palm Beach business areas

October 2011 Parkland Real Estate Market Conditions

October 31, 2011

PARKLAND FLORIDA                                                     MONTH              YTD

Number of homes for sale                                               212

Number of homes sold                                                    26                   329

Average days on the market for sold homes              128                  119

Median price of homes currently for sale               $624,900

Median price of homes sold                                      $424,000         $453,000

The Parkland market is one of those strange markets where home prices run from the low $300,000 range to the $4 to $5,000,000 range. Currently the high end of the market is the slowest selling portion with many great values available. October closings were down slightly and based on those numbers we have approximately 8.5 months of inventory available, the number is probably closer to 6.45 months of inventory which is still a little high. The median price of homes sold was down 6.8% based on the year to date figures, which appears to be an anomaly. Prices for the area as compared to last year are up over 7%. One reason for the change in figures is that there is still new construction in the city, which competes with the same buyers. There are many great values in this upscale, exclusive city; the question is how long they will remain.

Lea Plotkin & Rubin Wites