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Welcome To RealEstateInCoconutCreek.com

We are Coconut Creek Real Estate Specialists. After many years of working in real estate in Coconut Creek, we have made it our business to know anything and everything about the market here.

Please navigate our site where you can learn more about the Butterfly Capital of the World, research Coconut Creek neighborhoods, search available properties, and so much more. Please feel free to contact us at: 954-609-0591. We look forward to earning your business and trust.

Underwater Mortgages Overflowing In Coconut Creek and South Florida

Almost 50% Of South Florida Homeowners Are Upside Down On Their Mortgages

coconut-creek-florida-upside-down-mortgageOne of the biggest problems in the current real estate market is that many homeowners in Coconut Creek and South Florida are underwater on their mortgages.  The Sun-Sentinel reported that over 47% of all homeowners in the Tri-County area (Dade, Broward, & Palm Beach counties) are upside down on their mortgages.  Most underwater homeowners purchased their homes during the peak of the real estate market and then watched the bubble burst resulting in a significant drop in market values. These underwater homeowners are stuck in their properties and are more likely to fall behind on their mortgages and possibly become foreclosures.

As a result, the large quantity of underwater homeowners is preventing the Coconut Creek and South Florida overall real estate market from rebounding.  But, good news is on the horizon for these homeowners, as President Obama has announced plans to help more homeowners refinance underwater mortgages.  Hopefully, this new government plan will help current homeowners refinance their loans and be able to stay in their properties and not risk foreclosure.

In the City of Coconut Creek, Florida, over 50% of all home sales for the past year have been distressed sales (bank foreclosures and short sales).  If you are currently underwater on your home mortgage and uncertain about your options, please give me a call at: 954-609-0591, so I can help answer your questions and concerns and explain your options.

Know the neighborhood. Know the value. Know your hometown agents. The RE/MAX Coconut Creek Real Estate Team. 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 954-609-0591 or send us a message here.

To stay updated with all Coconut Creek real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.

27 Coconut Creek Single Family Homes Sold In April 2011

Coconut Creek Single Family Market Home Update For May 2011 Presented By Realtor Michael Citron

Property Address Type Of Listing Community Price Beds/Baths Square Feet
4211 NW 64th Drive Regular Sale Winston Park – Sunrise Estates $287,900 4/3 2,034
4094 NW 59th Street Regular Sale Winston Park $282,000 4/2.5 2,051
5721 NW 40th Terrace Regular Sale Winston Park $277,500 5/3 2,370
4105 NW 59th Street Regular Sale Winston Park $265,000 4/2 2,087
5363 NW 53rd Street Regular Sale Winston Park – Laurens Turn $262,000 4/2.5 1,938
3804 Woodfield Drive Regular Sale Banyan Trails $244,000 3/2 1,796
4842 NW 54th Avenue Corp. Owned Indigo Lakes $242,000 4/2.5 2,152
5482 NW 49th Court Corp. Owned Indigo Lakes $238,000 4/2.5 2,026
5440 NW 50th Court Corp. Owned Indigo Lakes $236,000 4/2.5 2,059
6203 Osprey Terrace Bank Foreclosure Regency Lakes $234,900 4/2.5 2,075
2101 NW 49th Avenue Bank Foreclosure Lyons West $232,500 3/2 1,804
3754 Woodfield Drive Bank Foreclosure Banyan Trails $230,000 3/2 1,796
5872 NW 41st Lane Short Sale Winston Park $230,000 4/2 2,051
5520 Lake Tern Court Regular Sale Regency Lakes / Cambridge $225,000 3/2 1,796
5188 NW 51st Court Short Sale Winston Park $220,000 4/3 1,952
5445 NW 49th Court Bank Foreclosure Indigo Lakes $215,000 4/2.5 1,646
320 Lake Drive Regular Sale Coconut Creek $210,000 3/2 1,853
1901 NW 38th Terrace Regular Sale Centura Parc $210,000 4/2.5 1,921
7149 Crescent Creek WY Short Sale Crescent Creek $189,000 3/2 1,812
4440 NW 8th Street Bank Foreclosure Edgefield $168,000 3/2.5 1,651
2250 NW 33rd Terrace Regular Sale Centura Parc $167,500 3/2 1,544
1921 NW 49th Avenue Short Sale Buttonwood Hammocks $163,000 3/2 1,680
4801 NW 20th Place Short Sale Buttonwood Hammocks $155,000 3/2 1,394
4851 NW 15th Street Bank Foreclosure Hammock Estates $149,900 4/2 1,779
3753 NW 59th Street Short Sale Parkwood $140,000 3/2 1,691
4767 NW 7th Manor Bank Foreclosure Coconut Palm $140,000 2/2 1,328
2238 Seagrape Circle Regular Sale Sawgrass Village II $120,000 2/2 1,610

There were 27 total single family sales for the month of May, 2011 ranging in price from $120,000 to $287,900. Last month, there were 29 total single family home sales. There were 2 less Coconut Creek single family homes sold in the month of May, 2011 than in April, 2011.

Among the 27 sales for the month of March, 16 were distressed sales (bank foreclosures, corporate owned, or short sales). 59% of the sales were distressed ones.  For the past few months, over half of the overall single family homes sold were distress sales.  You probably are thinking that this news is very bad for the Coconut Creek real estate market.  On a positive note, as more and more short sales and bank foreclosure inventory is sold and taken off the market, the overall market will stabilize.

Among the 27 single family homes sale in Coconut Creek, 7 were in Winston Park.  Winston Park is a very popular community with access to a great school district and parks and recreational activities for the entire family to enjoy.  For more information and to search for available Winston Park homes, please click: Winston Park Real Estate. Another neighborhood that saw 4 homes sales in the month of May, 2011 was in Indigo Lakes which gate and has spacious 3-5 bedroom floor plans with many of the homes having swimming pools.  Indigo Lakes also has a community pool for residents to enjoy and is located in close proximity to the Promenade At Coconut Creek.

Summer is here, and if you are thinking about making a move, NOW is the time.  Just a few reasons to purchase a Coconut Creek home:

  1. Mortgage interest rates are as low as 4.5%, but will increase in the coming months.
  2. Record low home prices.
  3. Family can get better acquainted with the City Of Coconut Creek before the school year.
  4. Mortgage loan restrictions will tighten in the near future monthly housing payments to rise considerably.
  5. It’s still a buyer’s market, and sellers are willing to negotiate on their asking prices and even help with buyers’ closing costs.

These are just 5 reasons why now you should get off the real estate fence and
purchase a home.  Coconut Creek is a great alternative to neighboring cities such as Coral Springs or Parkland, Florida, as you will get more bang for your buck and not have to compromise.  You can be assured that you will be living in a safe neighborhood with excellent schools and community activities.

Each month, we provide every single family real estate sale in Coconut Creek
Florida.  We know the importance of knowing the current market values in the city. You can also click on the following link to see our real estate market reports from previous months: Coconut Creek Market Reports.

Our website also give buyers and sellers complete access to the Multiple Listing Service (MLS) to search for available Coconut Creek and South Florida houses currently for sale, get to know each and every neighborhood, and view local city information including schools, houses of worship, and much much more!

Know the neighborhood. Know the value. Know your hometown agents. The RE/MAX Coconut Creek Real Estate Team. 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 954-609-0591 or send us a message here.

To stay updated with all Coconut Creek real estate information, receive our blog posts via email by subscribing here. After registering, you must activate the subscription in a follow-up email.