Parkland, Florida, a city situated in Broward County, presents a range of residential properties for prospective homeowners. The area is characterized by its planned communities, green spaces, and a demographic often prioritizing suburban living. This article provides an overview of the current housing market in Parkland, offering insights into available properties, price trends, and community characteristics.
The housing market in Parkland is active, reflecting a consistent demand for properties within the region. As of recent data, 241 homes are presently available for sale in Parkland, Florida. This inventory includes a diverse selection of architectural styles and property types, catering to various financial capacities and lifestyle preferences.
Median Listing Price and Market Dynamics
The median listing price for homes in Parkland is recorded at $1,274,900. This figure positions Parkland as an upper-tier market within the broader South Florida real estate landscape. The median price serves as a central point in the market, illustrating the general cost of acquiring residential property. However, individual property values can deviate significantly from this median, influenced by factors such as size, age, upgrades, and specific location within the city. The market also exhibits properties at both lower and significantly higher price points, offering a spectrum of opportunities.
Inventory Across Major Platforms
Major real estate platforms, including Homes.com, Redfin, and Zillow, collectively list approximately 172 to 173 homes for sale in Parkland. This concentration of listings across prominent web portals indicates the widespread availability of properties and the active engagement of real estate professionals in the area. The listed properties frequently feature attributes considered desirable by buyers, such as lake views, private swimming pools, and contemporary upgrades, including impact-resistant windows and solar panel systems. These features often contribute to a property's market value and appeal.
Properties of Note: Recent and High-End Listings
The Parkland housing market encompasses a broad range of properties, from more accessible options to those designed for luxury living. Recent listings provide a snapshot of current market activity, while high-end properties illustrate the upper echelon of the city's real estate offerings.
Recent Additions to the Market
Recent entries into the Parkland housing market include a four-bedroom, two-bathroom residence located at 11015 NW 64th Dr, listed for $699,900. This property, which recently held an open house, represents a more attainable entry point into the Parkland market compared to the median price. Another recent listing is a substantial six-bedroom, 5.5-bathroom home at 12008 NW 69th Ct, priced at $2,500,000. Additionally, a five-bedroom, 3.5-bathroom estate at 8965 Watercrest Cir E, featuring a private pool and solar energy system, was introduced to the market for $1,700,000. These new listings demonstrate the ongoing flow of properties becoming available and the variety of options presented to prospective buyers.
Exemplifying High-End Estates
Parkland's real estate market also includes properties that exemplify high-end luxury. Among these is an eight-bedroom, 6.5-bathroom estate located at 7600 NW 82nd Terrace, listed for $6,800,000. Another notable high-end property is a seven-bedroom, 8.5-bathroom residence at 6676 NW 66th Way, with an asking price of $5,449,999. These properties represent the pinnacle of luxury in Parkland, often featuring expansive living areas, bespoke architectural details, extensive amenities, and larger land parcels. Such estates cater to a discerning clientele seeking a comprehensive and exclusive residential experience.
Market Statistics and Trends
An analysis of market statistics provides a clearer understanding of the prevailing conditions in Parkland's real estate sector. These metrics are crucial for both buyers and sellers in making informed decisions.
Average Price and Price Range
The average price for homes in Parkland approximates $1.5 million. This average is influenced by the inclusion of both median-priced and high-end properties, resulting in a figure slightly higher than the median listing price. The price range within Parkland is broad, with properties starting from approximately $520,000 and extending up to the multi-million dollar luxury estates. This wide range indicates the market's capacity to accommodate varied fiscal parameters, much like a diverse ecosystem supports different species.
Active Inventory and Days on Market
The number of active single-family homes on the market generally fluctuates between 43 and 140 units. This variation can be attributed to the dynamic nature of real estate, with properties entering and exiting the market continuously. The average number of days a property remains on the market before being sold or put under contract is approximately 68 days. This metric suggests a moderately active market, where properties do not typically linger for excessive periods, but neither do they sell with immediate urgency. A shorter "days on market" figure often indicates a seller's market, while a longer period might suggest a buyer's market or balanced conditions.
Community Features and Lifestyle
Parkland is often characterized by its commitment to maintaining a suburban atmosphere with a strong emphasis on community planning and green spaces. These elements contribute significantly to the lifestyle offered to its residents.
Planned Communities and Green Spaces
The city's development has largely focused on planned communities, which often feature organized amenities, consistent architectural guidelines, and communal facilities. These communities are typically designed with an emphasis on family living and a sense of interconnectedness. Parkland's name itself suggests a prevalence of parks and natural areas, and the city has indeed maintained numerous green spaces, recreational parks, and natural preserves. These areas provide residents with opportunities for outdoor activities, fostering a connection with nature and contributing to the city's aesthetic appeal.
Educational Infrastructure and Safety
Parkland is generally regarded as a community with a strong educational infrastructure, served by schools within the Broward County Public Schools system that frequently receive favorable ratings. The perceived quality of local schools is often a significant factor for families considering a move to the area. Furthermore, Parkland is known for its relatively low crime rates, contributing to a sense of security and a family-friendly environment. These factors often collectively contribute to the city's reputation as a desirable place to reside, particularly for those seeking a tranquil and stable living condition.
Future Market Outlook and Available Listings
| Neighborhood | Average Price | Average Size (sq ft) | Number of Bedrooms | Number of Bathrooms | Days on Market |
|---|---|---|---|---|---|
| Heron Bay | 650,000 | 3,200 | 4 | 3 | 45 |
| Parkland Golf & Country Club | 850,000 | 3,800 | 5 | 4 | 30 |
| Parkland Isles | 550,000 | 2,700 | 3 | 2 | 60 |
| Wellington Park | 720,000 | 3,400 | 4 | 3 | 50 |
| Parkland Estates | 600,000 | 3,000 | 4 | 3 | 40 |
The real estate market is in a constant state of flux, influenced by economic indicators, interest rates, and population shifts. Understanding the immediate future outlook can assist potential buyers and sellers in their planning.
Upcoming Listings and Market Activity
Currently, there are five properties identified as "coming soon" on platforms like Zillow. These upcoming listings suggest continued activity in the housing market, providing a pipeline of new options for prospective buyers. The presence of "coming soon" listings can also indicate that sellers are preparing their properties for market entry, expecting continued demand. Beyond these specific upcoming listings, there are no immediate specific news or events that are anticipated to significantly alter the market dynamics beyond the ongoing sales and economic trends. The market generally operates on the principles of supply and demand, with minor fluctuations being a routine aspect of its operation.
Navigation for Prospective Buyers
For individuals considering purchasing a home in Parkland, a systematic approach is recommended. This includes engaging with local real estate agents who possess detailed knowledge of the community and its nuances. Visiting open houses, such as the recently advertised one at 11015 NW 64th Dr, can provide firsthand experience of available properties. Reviewing the extensive listings across various real estate platforms allows for a comprehensive understanding of the market's scope. The process of home buying, much like navigating a complex maze, requires careful consideration and expert guidance to reach the desired destination.
In summary, Parkland, Florida, offers a robust and dynamic housing market characterized by an array of properties, ranging from family-oriented residences to multi-million dollar estates. The current market statistics indicate a healthy average price point, a consistent flow of new and updated listings, and properties typically spending a reasonable duration on the market. With its emphasis on planned communities, green spaces, and a reputable educational system, Parkland continues to attract individuals and families seeking a suburban lifestyle within South Florida.
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