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Coconut Creek Real Estate Home Market Update November 2010

Coconut Creek Real Estate Single Family Market Home Update For November 2010 Presented By Realtor Michael Citron

Property Address Type Of Listing Community Price Beds/Baths Square Feet
5137 NW 74th Mnr Short Sale Country Woods $342,000 5/3 2,498
7170 NW 44th Ln Regular Sale Lyons Gate $305,000 4/2.5 2,161
4598 San Mellina Dr Regular Sale San Mellina Pre-Construction $275,000 3/2.5 2,058
6533 Sandpiper Dr Regular Sale Regency Lakes $265,777 4/2.5 2,096
5103 Heron Ct Regular Sale Regency Lakes $252,500 4/2.5 1,918
7595 NW 39th Ave Short Sale Estates Of Coconut Creek $250,000 6/6 Unknown
6330 NW 44th Ave Corporate Owned Winston Park $246,000 4/3 2,099
4191 NW 62nd Ct Regular Sale Cocobay $238,500 4/2.5 2,130
3930 NW 4th Ct Regular Sale Coconut Creek $210,000 3/2 1,649
4766 NW 14th St Short Sale Hammock Estates $210,000 4/2 1,779
5170 NW 51st Ave Bank Foreclosure Winston Park $202,000 4/2.5 1,876
2051 NW 37th Ave Corporate Owned Centura Parc $200,000 3/2.5 2,223
5497 NW 44th Way Bank Foreclosure Winston Park/Coral Pointe $188,000 3/3 1,698
5450 NW 77th Ct Short Sale Hillsboro Pines $175,000 3/2 1,590
5440 NW 50th Ct Short Sale Indigo Lakes $171,000 4/2.5 1,859
3610 NW 20th St Short Sale Centura Parc $163,000 3/2 1,439
2508 Blue Sage Ave Regular Sale Tamarind Village $147,000 3/2 1,716
5861 Eagle Cay Ln Bank Foreclosure Regency Lakes $137,000 4/2.5 1,584

There were 18 total single family sales for the month of November, 2010 ranging in price from $137,000 to $342,000. Last month, there were 22 total single family home sales. There were 4 less Coconut Creek single family home sales in the month of November than in October, 2010.  61% of the homes that sold (11 total) were distressed sales (short sales, bank foreclosures, or corporate owned).

On a positive note, there were two homes sold over $300,000 both in Country Woods and Lyons Gate, which will help increase the values of comparable homes in the City of Coconut Creek, Florida. The end of the 4th quarter of 2010 is a slow time for real estate sales, as more and more people are focused on the holidays.  The market sales will pick up in the beginning of 2011, as more people think about making a move.

As interest rates appear to be increasing in the coming months, it may be the perfect time to purchase a home.  With less competing buyers on the market during the holidays, you may be able to grab a great deal on a Coconut Creek home.  You also may be very surprised to learn what your monthly mortgage payments would be now.  You may be able to purchase a home for less than you are paying rent!

We know the numbers, we analyze the market, our clients make better decisions. If you are interested in buying or selling real estate in Coconut Creek or South Florida and are looking for experienced local Coconut Creek Realtors, please do not hesitate to contact us at or send us a message here.

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