Stephan, Home Buyer in San Francisco, CA

There is a lot of talk of a softening real estate market. How would you describe the real estate market in Parkland?

Asked by Stephan, San Francisco, CA Mon Apr 23, 2007

How long do homes typically sit on the market in this city?

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Answers

6
I've been watching this market for over three years. The drop in prices has been eye popping. I thought I would never see as many bank owned properties in this affluent neighborhood as I have. Since there does not appear to be much in the way of econmic changes in the near future, I suspect the prices will continue to drop. No doubt this is a better time to buy, but you will no doubt lose equity. As have most people I known who bought in Parkland just last year.
1 vote Thank Flag Link Wed Jun 18, 2008
Because Parkland is one of the most sought after cities in south Florida, with very little crime, 97% residential, Tree City USA, A-rated schools, the prices in Parkland are relatively stable as compared to other cities. When the market rebounds your investment in Parkland will have been a wise choice.
1 vote Thank Flag Link Mon Apr 23, 2007
It is now October 2010 and Parkland Real Estate has been stable for over a year. Because of the great schools & nice neighborhoods the demand is good in Parkland. Many people expect prices to rise a bit in 2011 because the inventory is about half of what it was in 2008.
0 votes Thank Flag Link Sat Oct 23, 2010
The best answer is probably what Gary gave below... if you were going to buy in south florida and wanted to live in an area where family values and safety are a concern, parkland is a great place. although housing prices are still declining, when they do start to rebound i think parkland will be one of the first cities to realize a benefit. and to the real estate agents below that are throwing out USELESS statistics like 'best prices in last 2 year' and 'back to start of 2005 prices'.. be very aware.. these are the types of agents that were partly responsible for the crisis that many families are in.. with foreclosures and all. here are a couple of scary stats...

-last real estate down turn in 1980 took 7 years before average price per acre was equal to the peak of 1980.. 7 years for someone to just get there money back.. this time the problem is far worse.

-if we are in a 'housing depression"... during the great depression the stock market collapsed... it took about 25 years from the peak of the market prior to the crash, before the market came back to even.
Not to say this will happen... but how can a person dismiss that it could.?.

-"WELL THEY AREN'T MAKING ANY MORE LAND"... sorry to say, but they are.. communites like Heron Bay, Parkland Isles, Foxridge, used to be swamp... developers actually trucked in land to extend that part of parkland..

Sorry to be such a downer.. but i'm looking to buy in parkland also, and just a little frustrated with the process.
0 votes Thank Flag Link Wed Jun 25, 2008
How is Parkland prices looling today, it's been a year and a few months?
0 votes Thank Flag Link Mon Jun 16, 2008
This is the best market for buyers in the last 2 years. The prices ranges range from 600,000.00 to 3,000,000.00. There is an oversupply of inventory. The typical home if priced right will sell in the next 120-180 days.
0 votes Thank Flag Link Mon Apr 23, 2007
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