{"id":105493,"date":"2017-02-27T17:13:47","date_gmt":"2017-02-27T21:13:47","guid":{"rendered":"https:\/\/www.ewmrealestate.com\/blog\/?p=88879"},"modified":"2017-02-27T17:13:47","modified_gmt":"2017-02-27T21:13:47","slug":"market-trends-parkland-florida-for-single-family-homes-february-27-2017","status":"publish","type":"post","link":"https:\/\/ewmrealestate.com\/blog\/market-trends-parkland-florida-for-single-family-homes-february-27-2017\/","title":{"rendered":"Market Trends: Parkland, Florida For Single-Family Homes: February 27, 2017"},"content":{"rendered":"

\"TGChartImage\"<\/a>Since one year ago, the number of active listings is up 11.1% while the sold properties are down 44.4%.<\/p>\n

The pended listings are down 22.9%. When the PENDED LISTINGS indicator is rising, our market is in recovery. Contracts have been written and are anticipated to close.<\/p>\n

Average home prices (listed) are down 8.7% in Parkland, Florida<\/a>.\u00a0 The price per square foot of a single-family residence is approximately $198 per square foot \u2013 which is an increase of 13.1% over last year.<\/p>\n

Part of the reason for the shortage of inventory:\u00a0 Homes remain on the market an average of 67 days \u2014 an increase of 21.8% over last year.\u00a0Homes are selling within 94% of their originally listed price.<\/p>\n

The average listed price in Parkland, Florida<\/a> is $932,000 — an 8.7% decrease over last year.\u00a0 The average sold price is $672,000 – an increase of 16.9% compared to last year.<\/p>\n

Important information: Months of Inventory<\/strong>.\u00a0 Currently, Parkland, Florida is experiencing 10.6 months of inventory which is indicative of a Buyer\u2019s market. This is a\/an 80.2% increase from a year ago.<\/p>\n

It is time to list, time to sell, time to upsize, time to downsize \u2014 money is still inexpensive to borrow.<\/p>\n

For a complete copy of graphs used in this blog post, FactsAndTrendsReport(2)<\/a><\/p>\n

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Save<\/span><\/p>\n