THE PARKLAND

DECEMBER 2024

REAL ESTATE REPORT

&

WHAT TO EXPECT IN EARLY 2024

Capturing Parkland's Neighbohoods | Photography For My Listings

DECEMBER SKINNY


Average Price: $1.177M (38 Homes Sold)

60.5% Sold in 60 Days or Less

Time to Sell Was Longer - Seasonality?

0-30 Days 15 Homes

31-60 Days 8 Homes

61-90 Days 4 Homes

91-120 Days 3 Homes

121-180 Days 3 Homes

181-365 Days 3 Homes

365+ Days 2 Homes


71% Purchased Conventional Mortgage

29% Purchased With Cash

OCTOBER - DECEMBER QUARTER


Average Price: $1.188 M

63% Sold in 60 Days or Less

Time to Sell Was Longer - Seasonality?

75% Purchased Conventional Mortgage

25% Purchased With Cash

2024 SUMMARY - PARKLAND SALES


$638.5 Million in Sales in 2024

Average Price of Homes $1.225 Million In 2024

Majority Of Homes Sold in the $700K to $1.399M Price Range

70.44% of Homes Sold in 60 Days or Less

67.4% Purchased with Conventional Mortgages


Homes Did Sell At Higher Price Points:

34 Homes - $1.4 to $1,499,999

27 Homes - $1.5 to $1,599,999

23 Homes - $1.6 to $1,699,999

13 Homes - $1.7 to $1,799,999

9 Homes - $1.8 to $1,899,999

9 Homes - $1.9 to $1,999,999

36 Homes - $2M and Over


WHAT MIGHT WE EXPECT IN 2025?

Having looked at recent yearly trends....

I DON'T EXPECT ANY BIG SURPRISES FOR PARKLAND


WHY?

  • Buyers Want Parkland (High Demand): School Excellence, Lifestyle
  • Mortgage Rates Have Not Stopped Buyers from Purchasing
  • Continued Trend With Out-of-State And Out-of-Country Buyers
  • Continued 25-35% Cash Buyers


Sellers Benefit from These Factors BUT need to be aware:


Obtaining Homeowner Insurance May Be An Issue/Deterrent for Buyers

of Older Homes Because...

Insurance may be very high/ unaffordable for buyer

or home is uninsurable.


There are ways to help mitigate this.


THE PEAK SELLING SEASON

IS MARCH - JUNE/JULY


As a Luxury Trained Agent and Drawing from 20+ Years of Experience, I Can Help:


  • Sellers Get Ready to Sell


Market Insights, Pre-Listing Considerations,

A Marketing Plan,

Transaction Navigation Through Closing


ASK ME FOR DETAILS



I have resources for cleaning and moving things; painting.

I can offer a Coldwell Banker program RealVitalize that allows sellers to fix/paint/repair their home for sale with payment due at closing.



  • Buyers Be Ready to Buy



Information About Obtaining a Mortgage Pre-Qual, Property Taxes, Homeowner Insurance, Closings & Closing Costs, Neighborhoods


I HAVE EXPERT RESOURCES FOR THESE

I Support My Clients Every Step Of The Way

I Am Patient and Make Sure Clients Understand

The Process and Details



There are new real estate practices in effect across the U.S.

 I have easy to understand information for you.



Kathy Schroeder

Coldwell Banker Realty

Mobile: 954 235-8671

www.ComeLiveInParkland.com (link)

HELPING SELLERS, BUYERS, INVESTORS

20+ Years Real Estate/Marketing Experience

Parkland Resident 24 Years


 International President’s Awards

2020, 2021, 2022, 2023


Member: Realtors of the Palm Beaches & Greater Fort Lauderdale

Member: Both Florida and National Realtor Associations

MBA