PARKLAND ACTIVITY MONTH OF OCTOBER 2023
Highest sold price is $1,723,000 for a single-family home with 5 bedrooms and 4.5 bathrooms in Parkland Golf and Country Club.
SALES | A total of 34 single-family homes in Parkland, Florida were sold during the month. Sale prices ranged from $625,000 to $1,723,000 with a median of approximately $1,120,000. The median value is the midpoint where half the listings sold for more, the other half for less.
PENDING | The number of homes that went under contract in October is 39. The total number of listings that are pending sale as of the end of the month is 71.
INVENTORY | Parkland is still a seller's market at 2.71 months' supply of inventory. Fifty-nine (59) new listings entered the market in October, and the number of homes "active for sale" by end of the month is 125 with a median list price of $1,249,990.
Source: RPR® as of November 6, 2023. Information is deemed reliable but not warranted.
PARKLAND SALES TREND 6 MONTHS
The number of sales are up 12% compared to the same period last year while the median price is unchanged at $1,150,000.
MAY 1-OCTOBER 31, 2023
• Total Closed Sales: 317 +12% YoY
• Highest Sold Price: $5.5 Million
• Lowest Sold Price: $465,000
• Median Sold Price: $1,150,000 unchanged
• Median Sold Price/Sq.Ft: $357.87 +0.49% YoY
• Sold to List Price Ratio: 0.97
• Average Days on Market: 45 Days
The median is the preferred metric of home value because it is not sensitive to very high sale prices for a small number of homes that may not be characteristic of the area.
Data is from the Southeast Florida MLS as of November 8, 2023. Information is deemed reliable but not warranted.
We write about the housing market trends for single-family homes in Parkland Florida monthly. We also share sales statistics from the last 6 months with a year-over-year comparison.
For a Buyer Consultation or Seller Consultation, you can call/text Pierre J. Denis - your Local Parkland Florida REALTOR - directly at 561.245.1710 or 954.592.4251, or use our contact form. We're here to help.
