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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.

Coconut Creek Florida Real Estate Market Update January 2011

Coconut Creek Real Estate Single Family Market Home Update For January 2011 Presented By Realtor Michael Citron

Property Address Type Of Listing Community Price Beds/Baths Square Feet
4150 Vinkemulder Road Bank Foreclosure Palm Beach Farms $585,000 5/5.5 3,651
5154 NW 74th Place Regular Sale Country Woods $378,000 5/3 2,659
4475 Banyan Trails Drive Short Sale Banyan Trails $255,000 4/3 2,396
4928 Cypress Lane Short Sale Hilton Estates $248,000 5/3 2,234
5151 NW 43rd Avenue Short Sale Winston Park $215,000 4/2 1,865
5286 NW 51st Court Bank Foreclosure Winston Park $210,000 3/3 2,536
3642 Coco Lake Drive Bank Foreclosure Coco Lakes $196,000 3/2 1,411
4432 NW 43rd Street Bank Foreclosure Coquina $194,000 3/2 1,800
5511 NW 49th Way Bank Foreclosure Winston Park $187,000 4/2.5 2,160
4289 Acacia Drive Regular Sale Sawgrass Village $170,000 2/2 1,475
5431 NW 49th Court Short Sale Winston Park $170,000 3/2 1,573
4766 NW 7th Manor Bank Foreclosure La Margarita $168,900 3/2.5 1,579
3371 NW 22nd Street Short Sale Centura Parc $160,000 3/2 1,727
3783 NW 59th Street Bank Foreclosure Parkwood $155,300 3/2 1,766

There were 14 total single family sales for the month of January, 2011 ranging in price from $155,300 to $585,000. Last month, there were  21 total single family home sales. There were 7 less Coconut Creek single family homes sold in the month of January, 2011 than in December, 2010.

Among the 14 sales for the month of January, 12 were distressed sales (bank foreclosures, corporate owned, or short sales).  86% of the sales were distressed ones.  This is certainly a shocking number.  But, truth be told that the more distressed sales that get bought by purchasers and come off the market as quickly as possible is a good thing.

But, current homeowners that are thinking about selling their homes or worried about current market values should take notice. There was also a drop in overall sales from the end of 2010 to January 2011.  But, many buyers look to close before the end of the calendar year for tax and homestead benefits.  As a result, sales should increase in the coming months.

With prices at such record low levels, many on-the-fence buyers should jump into the real estate mix and purchase a property.  Interest rates are still at record low numbers, but will continue to steadily climb in the coming months.  It could be the best time to pull the trigger on a home purchase.

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 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.

Looking For A Realtor In Coconut Creek Florida?

How To Choose The Right Coconut Creek Real Estate Agent?

looking-for-coconut-creek-realtor

Finding the right local Realtor in Coconut Creek or Coral Springs can sometimes feel like a daunting experience.  It is necessary to align yourself with an experienced agent that actually sells in the local market that you are interested in purchasing.

Of course, it is essential to work with a full-time agent, not someone who has another job and only sells real estate only on the weekends!  Before buying or selling, it is also important to choose the Coconut Creek real estate professional that you are most comfortable and compatible with.  You need to align yourself with a Realtor that has great communication with you throughout the entire process.  It is funny, because I usually communicate with sellers more than they communicate with their own spouses.

Finally, before hiring the right agent for the job of helping you buy or sell a home, schedule a formal interview with the Coconut Creek Realtor.  Make sure that you are 100% comfortable with the way the particular real estate agent works.  Before working with a client, I sit down and put them at ease, because they are hiring me to help assist them in one of their largest financial 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.

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.

4 Reasons To Sell Your Coconut Creek Home Before December 31st

3 Reasons To Sell Coconut Creek Real Estate Home Before The End of 2010

  1. Current buyers that are looking for homes at the moment are Serious and are not tire kickers or just lookers.  Typically, buyers that are looking now NEED to buy and not just want to purchase.
  2. You may take a hit on your home due to the market conditions, but you will be able to make it up on the buying side if you or up-sizing or downsizing on your next home purchase.
  3. Interest rates are falling yet again to record low numbers in the low to mid 4% levels.  Founder of Case Shiller Pricing Index, Carl Case, stated that, “Four years ago, the monthly payment on a $300,000 house with 20 percent down and a mortgage rate of about 6.6 percent was $1,533. Today that $300,000 house would sell for $213,000 and a 30-year fixed-rate mortgage with 20 percent down would carry a rate of about 4.2 percent and a monthly payment of $833 … housing has perhaps never been a better bargain.” This is a reality!
  4. Inventory levels are currently low, as there is a moratorium on all bank foreclosure property listings.  As a result, there is less competing properties on the market for sale.  But, the foreclosure moratorium will end by early 2011!

Take advantage of the market, as NOW is the time to sell and then buy!  You will put more money in your pocket today, which will result in getting even a better deal on a new home locally or out of state.

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 Realtors, please do not hesitate to contact us at 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 followup email.

Coconut Creek Real Estate Sellers Continue To Price Cut Home Asking Prices

Today, I was quoted in the Sun-Sentinel article: South Florida house prices: ‘Price Reduced’ becoming the new normal.  While 14% of ALL active home listings in surrounding Coral Springs and Parkland received major price reductions, current sellers must take notice!  The average price reduction for each home is approximately 11% in Broward County.

Trulia.com, a popular online real estate website, shows that current home prices in Broward County have fallen to 2004 price points.  Now, the median sales price in Broward is currently $206,700.

Many sellers want to unrealistically price their homes above the competition thinking that they can always come down in price.  There is that one buyer out there who will pay my price, right?  WRONG!  Today, buyers have a plethora of information to look at and dissect before putting in an offer.

We always tell our clients to price their home very close to market value and not overprice and chase the market down.  Most listings receive numerous price reductions before receiving a formal written offer.   The first 30-45 days of the new listing is the most important, as the home will get the most exposure and attention from potential buyers!

Why wait for a needle in a hay stay?  Price your home correctly, and you will end up netting MORE money in your pocket at closing!!  You can’t control the market, but you can learn from the past in order to make an informed decision on the right price to list your home from day one.

If you are interested in buying or selling real estate in Coconut Creek or South Florida and are looking for experienced local Realtors, please do not hesitate to contact us at 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 followup email.