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Coconut Creek Real Estate Home Market Update December 2010

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

Property Address Type Of Listing Community Price Beds/Baths Square Feet
4200 Vinkemulder Road Bank Foreclosure Palm Beach Farms $425,000 4/3 3,418
5255 NW 51st Street Regular Sale Indigo Lakes $325,000 4/3 2,469
4891 Swans Manor Regular Sale Regency Lakes $270,000 3/2 2,043
5413 NW 48th Street Bank Foreclosure Indigo Lakes $305,000 4/3.5 2,474
4393 NW 42nd Court Regular Sale Coquina $287,100 5/3 2,330
5059 Pebblebrook Way Regular Sale Banyan Trails $280,000 5/3 2,371
4072 NW 63rd Street Short Sale Cocobay $237,500 3/2.5 1,911
2113 NW 49th Avenue Regular Sale Lyons West $252,700 4/2.5 2,284
7241 NW 43rd Avenue Short Sale Palm Beach Farms $250,000 4/2 2,020
5613 NW 39th Avenue Bank Foreclosure Winston Park $250,000 4/3 2,504
4293 NW 55th Place Regular Sale Winston Park $210,000 3/3 1,836
5415 NW 49th Court Regular Sale Indigo Lakes $225,500 3/2 1,763
7145 Crescent Creek Wy Bank Foreclosure Crescent Creek $209,000 3/2.5 1,772
5401 NW 49th Court Bank Foreclosure Indigo Lakes $210,000 4/2.5 2,115
4250 Banyan Trails Drive Bank Foreclosure Banyan Trails $227,000 3/2 1,796
2361 NW 33rd Terrace Corporate Owned Centura Parc $195,000 3/2.5 1,753
5137 Heron Place Regular Sale Regency Lakes $190,000 3/2 1,681
4978 NW 49th Court Bank Foreclosure Winston Park $189,000 4/2 1,966
2355 NW 34th Avenue Short Sale Centura Parc $175,000 3/2.5 1,798
520 NW 47th Avenue Bank Foreclosure La Margarita $171,250 3/2.5 1,424
5177 Meadow Oaks Dr Short Sale Banyan Trails $171,000 3/2.5 1,431

There were 21 total single family sales for the month of December, 2010 ranging in price from $171,000 to $425,000. Last month, there were 18 total single family home sales. There were 3 more Coconut Creek single family home sold in the month of December than in November, 2010. Among the 21 sales for the month of December, 13 were distressed sales (bank foreclosures, corporate owned, or short sales). More and more distressed sales are coming on the market and coming off the market quickly, as more and more buyers are purchasing these homes at record low prices.

But, some of our experiences with distressed sales, especially foreclosures, is that many first-time homebuyers are interested in purchasing these properties.  Unfortunately, many of these distressed homes require thousands, if not tens of thousands of dollars, to repair after closing.  As a result, first-time homebuyers may not have the cash to make these necessary repairs post closing.

Knowing if purchasing a short sale or foreclosure in Coconut Creek or anywhere in South Florida should be considered on a case-by-case basis.  ALL buyers should align themselves with Realtors that specializes in helping them know all of their options in order to make informed decisions.

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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