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Selling a home in Coral Springs? For the month ending Dec 2011, here’s what sold in your neighborhood
Selling a home in Coral Springs? For the month ending Dec 2011, here’s what sold in your neighborhood
Coral Springs single family home sales Increased this month by just under 30% to 79 homes sold; a very nice increase as compared to last months. Typical holiday slow downs sure didn’t play out this month with that kind of increase; playing a huge part to this increase in home sales is due to lingering Short Sales and Foreclosures that gained Lender approval and closed during December. Many Lenders will do their best to get this bad debt off their records at a years end hoping to start off better for the new year. Of these Coral Springs homes listed for sale below, almost 23% of them sold as a Short Sale, which is a slight reduction from last month sales of 27%. Whereas, almost 13% of the homes sold were REO/Bank owned which decreased from last month’s 23%
Almost 36% of homes sold in Coral Springs were distressed properties during December 2011; those homes that have been foreclosed on and those homes which are trying to avoid being foreclosed upon. As I’ve stated in many many prior market reports, this continues to show us that distressed property home sales are competing ever more with non-distressed Sellers if you’re selling home in Coral Springs which continues to reflect on home selling prices. Even though this month was reflective of Lenders wanting the bad Short Sale debt off their records, lets continue to hope that Lenders continue to see the benefit of approving Short Sales opposed to foreclosing on homeowners. It is going to be some time before the South Florida market sees much of a change with distressed properties as they will continue to be a major force of selling competition here in the South Florida Real Estate market. It is likely that the foreclosure of homes will ramp back up as had been recently reported.
To compete with the distressed market, there are many things that a Coral Springs Seller can do to make their home stand out from the competition. Check out: Sellers can control.
The inventory of homes dropped this month showing 5.7 months of inventory; a decrease or increase in inventory tells us whether or not there are more homes available for Buyers, more homes for Buyers to select from will keep prices down for Sellers. This drop in inventory had a direct impact from homes being delayed in being listed for sale until after the holidays. This drop in inventory is a good thing for Sellers as it shows the Absorption Rate at 4.16 months. Sellers want a lower Absorption Rate as this shows that there are less homes available for Buyer. Buyers will always beg for a higher Absorption Rate as this means they have more to select from providing Buyers with an increase in opportunities for reduced prices.
What neighborhoods in Coral Springs Florida had the most sales?
Coming in with 2 homes sold each were; Coquina Cove, Cypress Run, Glenwood, Hidden Hammocks, Kensington Suoth, Royal Land, The Clusters and Turtle Run.
Didn’t see your neighborhood listed here? Perhaps your home is in a neighborhood were 1 homes were sold. Feel free to call me if you want to know what sold in your neighborhood?
For those of you selling a home in Coral Springs, you’ll see below that homes that were sold during December had sales this month increasing from last months however, the concentration of home sales fell to the lower price points of $150,000 - $190,999 yet expanded sales increased into higher price points – good!
The median price is $250,000 UP from last month’s $220,000. The median price reflects 50% of homes sold below this price and 50% sold above this price.
Keep in mind, when pricing your home for sale, these price points can tell you where there are a lot of Buyers looking in a particular range and are willing to pay that price thereby increasing the chance of your home being sold. We continue to see a break out above the usually heavily populated range of $200,000 – $249,999.
Price Range Quantity
$149,999 or under 4
$150,000 -$199,999 18
$200,000 -$249,999 15
$250,000 -$299,999 17
$300,000 -$349,999 15
$350,000 -$399,999 7
$400,000 -$449,999 2
$450,000 -$499,999 0
$500,000 -$549,999 1
$550,000 -$599,999 0
$600,000 -$699,999 0
$700,000 -$799,999 0
$800,000 -$899,999 0
$900,000 -$999,999 0
$1,000,000 or over 1
TOTAL HOMES SOLD 79
Number of Days that Homes were on the Market for Sale:
0-30 days 31-60 days 61-90 days 91-120 days 120+ days
No. of Listings 26 15 18 3 18
Breakdown % 32.5% 18.75% 22.5 3.75% 22.5%
*Ave % SP/LP 97.6% 93.39% 94.77% 96.25% 97.58%
* This row indicates what percentage of the list price that the home sold for during November. Listing a home to sell at the right price to begin with can bring a quicker sale as shown in days 0 -60, as you see, will achieve a higher percentage of your list price whereas if you were willing to wait out 120+ days ending this month, you’ll achieve a bit closer to your list price. Do you have the luxury of time?
This month shows that homes must have been priced right as a large percentage sold within 0-30 days; a Sellers goal as almost 33% did at 97.6% of their list price.
As your local Coral Springs REALTOR®, I’d be glad to help you determine the best price to help you sell your home here in Coral Springs. Or if you simply have questions about the selling process, please feel free to call me or email.
Coral Springs homes sold in Nov 2011 – is your neighborhood selling?
Hey Coral Springs! - Do you want to know what neighborhoods are selling in Coral Springs? What sold in November 2011?
Coral Springs single family home sales decreased this month again by 18% to 61 homes sold; a large decrease as compared to last months. You will typically see a decrease in people selling and buying homes during the last two months of the year as seemingly it’s all about the holidays and spending time with family and friends; homes can wait! Of these Coral Springs homes listed for sale below, almost 27% of them sold as a Short Sale, which is in line from last month sales of 27%. Whereas, almost 23% of the homes sold were sold as REO/Bank owned which increased up from last month’s 19%.
Almost 50% of homes sold in Coral Springs were distressed properties during November 2011, an increase from last month; those homes that have been foreclosed on and those homes which are trying to avoid being foreclosed upon. As I’ve stated in many many prior market reports, this continues to show us that distressed property home sales are competing ever more with non-distressed Sellers selling their homes in Coral Springs which continues to reflect on home selling prices. As I reported last month and now again this month with a rise in Short Sale closings; perhaps Lenders are continuing to see the benefit of approving Short Sales opposed to foreclosing on homeowners. It is going to be some time before the South Florida market sees much of a change with distressed properties as they will continue to be a major force of selling competition here in the South Florida Real Estate market. To compete with the distressed market, there are many things that a Coral Springs Seller can do to make their home stand out from the competition. Check out: Sellers can control.
The inventory of homes rose this month again showing 6.3 months of inventory; a decrease or increase in inventory tells us whether or not there are more homes available for Buyers, more homes for Buyers to select from will keep prices down for Sellers. However, due to the holidays during November and December, this can be reflective of this increase in inventory.
For those of you selling a home in Coral Springs, you’ll see below that homes that were sold during November had sales this month decreasing from last months. The concentration of home sales fell to the lower price points of $200,000 - $249,999 and $149,999 or under. Not as many home sales broke out to the $300,000-$349,999 price point this month as they had in October where 22 homes were sold.
The median price is $220,000 down from last month’s $298,000. We’re hoping this is again reflective of the holiday months.
Keep in mind, when pricing your home for sale, these price points can tell you where there are a lot of Buyers looking in a particular range and are willing to pay that price thereby increasing the chance of your home being sold. We continue to see a break out above the usually heavily populated range of $200,000 – $249,999.
Price Range Quantity
$149,999 or under 7
$150,000 -$199,999 13
$200,000 -$249,999 19
$250,000 -$299,999 5
$300,000 -$349,999 8
$350,000 -$399,999 4
$400,000 -$449,999 1
$450,000 -$499,999 4
$500,000 -$549,999 0
$550,000 -$599,999 0
$600,000 -$699,999 0
$700,000 -$799,999 0
$800,000 -$899,999 0
$900,000 -$999,999 0
$1,000,000 or over 0
Total Homes Sold in Coral Springs – 61
Number of Days that Homes were on the Market for Sale:
0-30 days 31-60 days 61-90 days 91-120 days 120+ days
No. of Listings 20 10 8 7 16
Breakdown % 32.79% 16.39% 13.11% 11.48% 26.23%
*Ave % SP/LP 97.13% 94.10% 97.81% 94.82% 96.33%
* This row indicates what percentage of the list price that the home sold for during November. Listing a home to sell at the right price to begin with can bring a quicker sale as shown in days 0 -60, as you see, will achieve a higher percentage of your list price whereas if you were willing to wait out 120+ days ending this month, you’ll achieve a bit closer to your list price. Do you have the luxury of time?
This month shows that homes must have been priced right as a largest percentage sold within 0-60 days, almost 33% did.
As your local Coral Springs, I’d be glad to help you determine the best price to help you sell your home here in Coral Springs. Or if you simply have questions about the selling procee, please feel free to call me or email.
9952 NW 57th Manor Coral Springs FL-Coral Reef Club
9952 NW 57th Manor Coral Springs Florida in Coral Reef Club Short Sale
Coral Reef Club of Coral Springs Home for sale
| Overview Maps Photos Description |
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Lynn Pineda
Keller Williams Partners Realty
(954) 464-1100 lynnp@ImagineYourHouse.com http://www.ImagineYourHouse.com    Listed by: Keller Williams Partners Realty |
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7681 Highland Cir Margate FL Highlands at Carolina – SOLD -
Lovely home in Highlands at Carolina with new paint in & out plus brand new neutral carpet in Family Rm & Bedrms. Kitchen has wood cabinets,formica countertops,snack countertop & black appliances with Fridge about 6 months new. Open Liv/Din room with separate Family rm. Master Bedrm suite has double door entry, huge walk-in closet,large bathrm with easy access Shower & Washer/Dryer behind bifold doors.1 Bedrm has built in shelves. Screened in patio has new screen-take a peek of golf course.Garage cabinets
12103 NW 35th St Sunrise FL – Sawgrass Estates North – SOLD -
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Lovely Sawgrass Estates home with easy access to Sawgrass Expressway. Entire home is tiled for ease of care. Upgraded Granite Kitchen with Stainless Steel appliances and wine cooler. Upgraded Bathrooms with Master having Tub & Shower. Large Master Walk-in Closet with built-ins. Indoor Laundry room. Screened in porch overlooks private fenced in corner lot with upgraded landscaping.Walk to lovely community pool. Dimensions are approximate. Listing Agent knows Short Sales for your purchase.
Want to see more? Please view Virtual Tour
4413 Cordia Circle Coconut Creek Fl Short Sale $120,300
Location Map
- Main MarkerSawgrass Village 1 for sale in Coconut Creek FL
| OverviewMapsPhotosDescription |
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Lynn Pineda
Keller Williams Partners Realty
(954) 464-1100 lynnp@ImagineYourHouse.com http://www.ImagineYourHouse.com Listed by: Keller Williams Partners Realty |
| Our recent listings
Sawgrass Village 1 for sale in Coconut Creek FL
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Do you want to sell your home? See what sold in Oct
Selling a home in Coral Springs – What sold in your neighborhood during October 2011?
Coral Springs single family home sales decreased this month again by almost 4% to 74 homes sold; not a large decrease as compared to last months yet it’s going the wrong way. We’ll hope for an increase in real estate sales next month. Of these Coral Springs homes listed for sale below, over 27% of them sold as a Short Sale, which is an Increase from last month sales of 20%. Whereas, just over 19% of the homes sold were sold as REO/Bank owned which is an decrease from last month. Almost 46% of homes sold in Coral Springs were distressed properties during October 2011 and increase from last month; those homes that have been foreclosed on and those homes which are trying to avoid being foreclosed upon. This continues to indicate that distressed property home sales are competing ever more with non-distressed Sellers selling their homes in Coral Springs which continues to reflect on home selling prices. This month however has indicated an increase in Short Sales; perhaps Lenders are seeing the benefit of approving Short Sales opposed to foreclosing on homeowners. As previously reported, distressed properties will continue to be a major force of selling competition here in the South Florida Real Estate market for quite some time. To compete with the distressed market, pricing is key as it is one of the things that Sellers can control.
The inventory of homes rose this month slightly; a decrease or increase in inventory tells us whether or not there are more homes available for Buyers, more homes for Buyers to select from will keep prices down for Sellers. Supply and demand theory.
For those of you selling a home in Coral Springs, you’ll see below that homes that were sold during October had sales this month decreasing from last months. However, we see Coral Springs home sales increasing strongly in the price point of $300,000 – $349,999 taking away sales from the heavily populated $200,000 – $249,999 price point of last month.. Sales in the higher price points continued to increase in October expanding into even higher price points which is good news for those who have been trying to sell their homes.
The median price is $298,000 which is up from last month. Yes! Keep in mind, when pricing your home for sale these price points can tell you where there are a lot of Buyers looking in a particular range and are willing to pay that price thereby increasing the chance of your home being sold. We continue to see a break out above the usually heavily populated range of $200,000 – $249,999.
Price Range Quantity
$149,999 or under 3
$150,000 -$199,999 10
$200,000 -$249,999 13
$250,000 -$299,999 14
$300,000 -$349,999 22
$350,000 -$399,999 4
$400,000 -$449,999 2
$450,000 -$499,999 1
$500,000 -$549,999 2
$550,000 -$599,999 0
$600,000 -$699,999 1
$700,000 -$799,999 1
$800,000 -$899,999 1
$900,000 -$999,999 0
$1,000,000 or over 0
Total Homes Sold in Coral Springs – 74
Number of days that homes were on the Market:
0-30 Days 31-60 Days 61-90 Days 91-120 Days 120+ Days
No. of Listings 27 11 7 9 20
Breakdown % 36.49% 14.86% 9.46% 12.16% 27.03%
*Avg % SP/LP 96.18% 97.93% 95.53% 97.33% 95.8%
* This row indicates what percentage of the list price that the home sold for during August. Listing a home to sell at the right price to begin with in days 0 -60, as you see, will achieve a higher percentage of your list price whereas if you were willing to wait out 120+ days ending this month, you’ll achieve a bit closer to your list price. Do you have the luxury of time?
This month shows that homes must have been priced right as a larger percentage sold in 0-60 days.
SOLD – 5731 W Commercial Blvd Tamarac FL home for sale
Location Map
- Main Marker
What Coral Springs neighborhoods sold homes during Sept 2011?
Selling a home in Coral Springs – What sold in your neighborhood during Sept 2011?
Coral Springs single family home sales decreased this month by almost 15% to 77 homes sold; not what we want to see when you’re selling your home. Of these Coral Springs homes listed for sale below, over 20% of them sold as a Short Sale, which is a decline from last month. Whereas, just over 22% of the homes sold were sold as REO/Bank owned which is an increase from last month. Just over 42% of homes sold in Coral Springs were distressed properties during September 2011; those homes that have been foreclosed on and those homes which are trying to avoid being foreclosed upon. This indicates that distressed property home sales are competing ever more with non-distressed Sellers selling their homes in Coral Springs which continues to reflect on home selling prices. As previously reported, distressed properties will continue to be a major force of selling competition here in the South Florida Real Estate market for quite some time. To compete with the distressed market, pricing is key as it is one of the things that Sellers can control.
The inventory of homes rose this month. There is approximately 5.7 months of inventory which is up about 35.4% from August which is down just 2.8% from a year ago September; more inventory means there are more homes available for Buyers, more homes for Buyers to select from will keep prices down for Sellers. Supply and demand theory.
For those of you selling a home in Coral Springs, you’ll see below that homes that were sold during September had significant sales this month decreasing from last months strong price point of $300,000 – $349,999 back to the heavily populated $200,000 – $249,999 price point this month.. Sales in the higher price points continued to increase in September expanding into even higher price points which is good news for those who have been trying to sell their homes.
The median price is $245,000 this month down again from last month. Keep in mind, when pricing your home for sale these price points can tell you where there are a lot of Buyers looking in a particular range and are willing to pay that price thereby increasing the chance of your home being sold. We continue to see a break out above the usually heavily populated range of $200,000 – $249,999.
Price Range Quantity
$149,999 or under 10
$150,000 -$199,999 10
$200,000 -$249,999 22
$250,000 -$299,999 10
$300,000 -$349,999 13
$350,000 -$399,999 6
$400,000 -$449,999 4
$450,000 -$499,999 1
$500,000 -$549,999 1
$550,000 -$599,999 0
$600,000 -$699,999 0
$700,000 -$799,999 0
$800,000 -$899,999 0
$900,000 -$999,999 0
$1,000,000 or over 0
Total Homes Sold in Coral Springs – 77
Number of days that homes were on the Market:
No. of Listings 29 15 10 7 16
* This row indicates what percentage of the list price that the home sold for during August. Listing a home to sell at the right price to begin with in days 0 -60, as you see, will achieve a higher percentage of your list price whereas if you were willing to wait out 120+ days ending this month, you’ll achieve a bit closer to your list price. Do you have the luxury of time?
Do you want $5000-$20,000 to move selling your home as a Short Sale?
Florida Enhanced Short Sale Relocation Assistance Program: EXTENDED UNTIL DECEMBER 12TH 2011. Do you want $5000-$20,000 to move? Who couldn’t use that kind of money, particularly if you’re struggling like so many South Florida homeowners. Well, if you have been going back and forth trying to figure out a way in which to avoid foreclosure and your Lender is Bank of America, you may be compensated to move.
How can you do this, you ask? If you want to sell your home as a Short Sale, simply contact Bank of America to let them know of your desire to participate in their Short Sale program BEFORE you actually receive a Buyer’s offer. This is key as this incentive only applies to homeowners WITHOUT a Buyers offer. Once you’re approved for the incentive, you can then reach out to me as your Short Sale Specialist to get your home listed for sale as a Short Sale and at closing you’ll receive your check. How good is that?!
If you have more questions about a Short Sale and want to determine if it’s right for you, please feel free to contact me now at 954-464-1100 or email at lynnp@ImagineYourHouse.com
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