Parkland’s buying season usually begins in May and ends in September. Since many people want to settle into their new home before the new school year begins, our busy season is heavily influenced by the school year calendar. As a result, the activity during these months is an important indicator of the health of the Parkland real estate market.
According to the Beaches MLS, 302 homes sold in Parkland from May through September. This is slightly higher than the 280 transactions for the 2022 season. Interestingly, this increase occurred despite a smaller inventory of available homes and an increase in the number of days a home remained available. Below please find a few graphs pertaining to the 2023 Parkland Real Estate Market buying/selling season.
AVERAGE SALE PRICE FOR PARKLAND
Time frame is the months May-September for the years 2022-2023
Property Type is ‘Single Family’
City Name is ‘Parkland’
INVENTORY
Time frame is the months May-September for the years 2022-2023
Property Type is ‘Single Family’
City Name is ‘Parkland’
DAYS TO SELL
Time frame is the months May-September for the years 2022-2023
Property Type is ‘Single Family’
City Name is ‘Parkland’
EXPIRED LISTINGS
Time frame is the months May-September for the years 2022-2023
Property Type is ‘Single Family’
City Name is ‘Parkland’
In summary, Parkland’s real estate remained fairly balanced during the 2023 season. This is despite a dip in sale prices, a small increase in expired listings and homes remaining on the market longer. Upon a study of the data, it seems a very low inventory is contributing to home values remaining stable.
Thank you for allowing me the opportunity to provide you with this information. As always, please feel free to contact me with any questions or requests for additional information.
Bill Sohl
Bill Sohl Luxury Homes Team
