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 Selling a home in Coral Springs – What sold in your neighborhood during June 2011?

Coral Springs Single Family Home sales in June 2011

Coral Springs single family home sales decreased this month just a bit by about 4% or 88 homes sold which is still good compared to last months sales having increased by over 33% when the month before, in April, we saw 69 homes sold. Of these Coral Springs homes listed for sale below, just over 19% of them sold as a Short Sale, which is pretty much the same from last month. Whereas, just over 17% of the homes sold were sold as REO/Bank owned which is a slight reduction from last month. Over 36% of homes sold in Coral Springs were distressed properties during June 2011; those homes that have been foreclosed on and those homes which are trying to avoid being foreclosed upon. This is a slight decrease from last month indicating that distressed properties on the market are still competing with non-distressed Sellers selling their homes in Coral Springs which continues to keep prices down. Distressed properties will continue to be prevalent for quite some time so please keep that in mind when selling your home.

What neighborhoods in Coral Springs Florida had the most sales?

 

If you’re selling your home in Coral Springstake a look at what neighborhoods had home sales. The neighborhoods of Coral Creek were at the top this month having sold 8 homes; I can imagine home owners in Coral Creek were very happy this month, in fact, I had sold one of those homes. Coral Creek is located in Northeast Coral Springs. Other Coral Springs homes sold having sold 7 homes were Pine Ridge. Wyndham Lakes community also had 7 homes sold in it’s neighborhoods of Windsor Bay, The Island, Coral Shores, Coventry Place and Grand Isle. Wynham Lakes is located in Northwest Coral Springs. Ramblewood had 6 homes sold. 5 homes were sold in Turtle Run in which I had sold one of those homes. West Glen had 4 homes sold along with The Isles. Butler Farms, Maplewood, Shadowwood and Heron Bay had 3 homes sold. Homes in Eagle Trace,had 2 homes sold along with Feathertree, Forest Hills, Brookside, Carriage Pointe, Cypress Glen, Cypress Run, North Springs, Oakwood and Coral Springs II that rounded up this group.

 


For those of you selling a home in Coral Springs, you’ll see below that homes that were sold during June had significant sales this month jumping up from last months strong price point of $250,000 – $299,999 to the heavily populated $300,000 – $349,999 price point this month of June. Sales in the higher price points continued to increase in June expanding into even higher price points which is good news for those who have been trying to sell their homes.
This month Coral Springs single family home sales didn’t have quite an increase in homes sales in the price ranges below the median of $285,000 as compared to last months. The median is up from last months median of $250,000. 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. During the last several months, we continue to see a break out above the usually heavily populated range of $250,000 – $299,999. All good to hear.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 

 

 
Price Range                        Quantity
$149,999 or under                   3
$150,000 -$199,999                14
$200,000 -$249,999              16
$250,000 -$299,999              16
$300,000 -$349,999              23
$350,000 -$399,999               7
$400,000 -$449,999              5
$450,000 -$499,999              1
$500,000 -$549,999              2
$550,000 -$599,999               0
$600,000 -$699,999              1
$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 – 88    

 

                                                       0-30 Days   31-60 Days    61-90 Days   91-120 Days   120+ Days
No. of Listings                             33                23                   9                     10                  13

Breakdown %                               37.5%         26.14%       10.23%          11.36%          14.77%

*Avg % SP/LP                             96.31%       96.63%       96.05%           94.52%          94.73%   
* This row indicates what percentage of the list price did the home sell for. If you look at the 91 -120+ day columns you’ll see that the longer a home is on the market the lower the percent of list price a home will sell for. This clarifies the importance of Listing a home to sell at the right price to begin with as your home will sell for more early on if you take a closer look at the 0-60 day columns.
+LynnPineda


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