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The Ultimate Coconut Creek Real Estate Resource

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.

Coconut Creek 2013 Real Estate Market Off To A Great Start

parkland-real-estate-home-market

Coconut Creek and South Florida home prices increased in December 2012 ending the year on a strong note. Many short sales and foreclosures came on and off the market causing a decrease in the overall real estate inventory. As a result, sellers regained confidence in the housing market, as buyer demand and confidence grows into 2013.

The Sun-Sentinel reported that, “In Broward County, the median price rose 21 percent in December to $230,000, according to the Greater Fort Lauderdale Realtors. The median means half sold for more, half for less.” This is exciting news for the overall real estate market in the City of Coconut Creek and the rest of South Florida. Buyers are now leaping off the real estate fence to take advantage of low mortgage interest rates, affordability, and achieving the American dream of home ownership.

I was quoted in the Sun-Sentinel article discussing how the buyer activity has dramatically increased due to the lack of home inventory and a larger pool of motivated buyers in today’s market.

Michael Citron, an agent in Palm Beach and Broward counties, said some buyers are so frustrated by the lack of inventory that they’re pursuing properties on their own, often bringing him what turn out to be expired listings from websites. When buyers do find homes, they have to act quickly.”They have to be very, very aggressive,” Citron said. “I can barely let a client think about it overnight or they’ll lose it tomorrow. It’s not a warm and fuzzy feeling buying a house now.”

If homes are priced appropriately and are in good condition, they are selling very quickly and for top market dollar. Buyers are willing to pay a premium, as the competition for homes is growing in our marketplace. If you are currently looking for a home, be prepared. Make sure that you are fully qualified for a mortgage and are ready to submit a strong offer on a home right after you see it, as time is of the essence! If you do not have your ducks in a row, you may just loose out on your dream home!

If you are thinking about buying a home in Coconut Creek or South Florida, please give us a call at: 954-609-0591 or contact us. We will help guide you throughout the entire buying process and make your buying experience an enjoyable one.

Real Estate in Coconut Creek  is the most comprehensive online resource for Coconut Creek real estate information. Whether you are looking for the latest sales, trends or homes for sale in Coconut Creek, Florida, Real Estate in Coconut Creek has it all at your fingertips. Know the neighborhood. Know the value. Know your hometown agents: The Citron Real Estate Group.

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

The First Question Coconut Creek Sellers Should Ask Their Listing Agent

The Most Important Question To Ask Your Coconut Creek Listing Agent

coconut-creek-fl-home-for-saleIf you are thinking about selling your Coconut Creek home in 2012, I am sure that you are thinking what is the most important questions to ask your potential real estate listing agent? How long has the agent been selling real estate?  How large is the company that are working with?  What is the marketing plan to get my home sold? Should you choose the agent who suggests the highest listing price?

There are many things to0 consider when hiring the right agent for the job of selling your Coconut Creek or South Florida home.  But, the most important question that all Coconut Creek real estate sellers should ask is a very simple one:

Do you truly believe that now is a good time to buy a home?

You may be asking why this is important when hiring someone to sell your home?  Isn’t that only a question that you ask when you are thinking of buying a home?  Purchasing a home in today’s market is a very important decision that most buyers are nervous about and want to make sure that they are making an informed decision.

As a result, I strongly believe that home sellers should hire a listing agent that truly believes that it is the best time in American real estate history to buy a Coconut Creek or South Florida home.  If your real estate agent does not believe that, how will the he/she be able to convince a potential buyer that NOW is the right time to purchase a home … your home?

A recent Gallup Poll shows that over 67% of Americans believe that now is a good time to buy a home.   The Gallup Organization went on to say:  “Overall, there is good reason for most Americans to think now is a good time to buy a house. Interest rates remain near historic lows. Home prices are down sharply, providing many incredible buys.”

Choosing the right listing agent is imperative in today’s real estate market.  Make sure that the real estate agent that you hire truly is convinced that buying a home is a very good idea!  As a result, he/she will work diligently in order to find the right buyer for your home.  Again, don’t forget to ask this number one question to potential listing agents.

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.

23 Coconut Creek Real Estate Home Sales In November 2011

23 Coconut Creek Home Sales Update For November 2011 Presented By Realtor Michael Citron

Property Address Type Of Listing Community Price Beds/Baths Square Feet
5375 NW 49th Street Regular Sale Indigo Lakes $328,000 4/3.5 2,972
4591 Little Palm Lane Regular Sale Banyan Trails $324,000 4/3 2,724
7137 NW 47th Lane Regular Sale Hidden Lake $315,900 5/3 3,102
4747 NW
72nd Place
Short
Sale
Hidden
Lake
$290,000 4/3 2,488
5328 Flamingo Place Regular Sale Regency Lakes $262,500 4/2.5 2,520
4941 NW 53rd Ave Bank Owned Indigo Lakes $240,000 4/3 3,358
2114 NW 49th Ave Regular Sale Buttonwood Hammocks $239,900 4/2.5 2,290
5213 NW 54th Ave Regular Sale Winston Park $238,000 3/2.5 1,640
3869 NW 62nd Ct Regular Sale Winston Park $231,000 3/2.5 2,267
4051 NW 5th Street Regular Sale South Creek $211,000 4/3.5 2,471
6437 Egret Ter Bank Owned Regency Lakes $210,000 4/2.5 2,494
5820 Eagle Cay Te Regular Sale Regency Lakes $198,000 3/2.5 1,452
547 NW 47th Way Short Sale Coco Palms $195,000 3/2.5 1,956
4409 NW 43rd St Bank Owned Coquina $200,000 3/2 1,700
5213 Eagle Cay Manor Short Sale Regency Lakes $190,000 4/2.5 1,784
3630 NW 23rd Place Regular Sale Centura Parc $181,000 3/2.5 1,846
4843 NW 14th Drive Short Sale Lyons West $172,000 3/2.5 1,830
4729 NW 6th Place Regular Sale Coco Plams $165,000 3/2 1,304
4981 NW 54th St Bank Owned Cypress Lake $160,000 3/2.5 1,824
730 NW 44th Ave Short Sale Edgefield $166,000 3/2 1,841
2373 NW 34th Ter Bank Owned Centura Parc $143,000 3/2 1,534
1930 NW 35th Ave Short Sale Centura Parc $110,000 2/2 1,439
3309 NW 64th Street Regular Sale Tallowwood Isle $19,000 2/2 0

There were 23 total single family sales for the month of November, 2011 ranging in price from $19,000 to $328,000. Last
month, there were 25 total single family home sales. There were 2 less homes sold in Coconut Creek in the month of November, 2011 than in October, 2011.

Among the 23 sales for the month of October,  10 were distressed sales (bank foreclosures, corporate owned, or short sales). 48% of the sales were distressed ones.  The overall real estate inventory of available homes in Coconut Creek, Florida is low.  During the last couple of months before the end of the year, potential sellers are holding back putting their homes for sale on the market until after the holidays and into 2012.  Also, banks and lending institutions are putting a hold on releasing foreclosure inventory until the New Year.  As a result, there are not many available homes for potential buyers to view at the moment in Coconut Creek, Florida.

But, in the beginning of 2012, there will be an increase in real estate inventory for both regular listings and short sales and foreclosures.  If you are thinking about purchasing a home in Coconut Creek or South Florida, now is the time.  Interest rates are at record lows and home prices have never been so affordable.  Coconut Creek is also a great place to live and raise a family.  It is also a great alternative to neighboring cities like Parkland and Coral Springs.  The city offers excellent schools, safe neighborhoods, and great parks and recreation for the entire family to enjoy.

We pride ourselves on having the only exclusive real estate website for Coconut Creek, Florida. 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.

Real Estate Buyer Consultation In Coconut Creek, Florida

Important To Meet With Coconut Creek Real Estate Expert Before Looking At Homes

coconut-creek-real-estateThanks to the success of our real estate blog, RealEstateInCoconutCreek.com, we receive many inquires from potential buyers looking to purchase a home here in Coconut Creek, Florida.  We take pride in meeting personally with every buyer at our office conveniently located in the heart of Coconut Creek on Wiles Road, and just east of 441.  We insist on meeting in-person before looking at property to truly get an understanding of each and every client’s purchasing criteria.

This meeting allows us to gain a better understanding of what the buyer is looking for and also allows us to get to know each other and build rapport with the client.  As a result of knowing the market in the city, sometimes after the initial meeting, we may already know the perfect house in mind for them.

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.

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.

25 Coconut Creek Real Estate Home Sales In October 2011

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

Property Address Type Of Listing Community Price Beds/Baths Square Feet
4591 San Mellina Dr Regular Sale San Mellina $450,000 5/3.5 3,674
7426 NW 51st Way Regular Sale Country Woods $339,000 5/3 2,294
5375 NW 49th St Regular Sale Indigo Lakes $328,000 4/3.5 2,972
3934 NW 55th Ct Regular Sale Winston Park(OUR LISTING) $275,000 4/3 2,492
4831 NW 55th Dr Short Sale Indigo Lakes $245,000 4/2.5 2,271
4341 NW 4th St Regular Sale Winston Park $240,000 4/2.5 2,692
5213 NW 54th Ave Regular Sale Winston Park $238,000 3/2.5 1,640
3538 Coco Lake Dr Regular Sale Coco Lakes $238,000 3/2 1,996
4801 NW 21st St Regular Sale Buttonwood Hammocks $234,900 4/2.5 2,030
5545 NW 54th Cir Bank Foreclosure Winston Park $228,000 3/2.5 1,938
4400 NW 4th St Regular Sale Township $220,000 3/2.5 2,414
3810 NW 58th St Bank Foreclosure Parkwood $210,000 3/2 1,706
5541 NW 49th Ter Regular Sale Winston Park $205,000 4/2.5 1,924
3880 NW 21st St Regular Sale Centura Parc $200,000 4/2.5 2,023
5861 Eagle Cay Ln Regular Sale Regency Lakes $194,000 4/2.5 1,784
681 NW 48th Ave Regular Sale Lakewood $185,000 3/2 1,531
761 NW 48th Ave Bank Foreclosure Lakewood East $180,000 3/2 1,977
4281 NW 61st Ct Short Sale Winston Park $169,000 3/2.5 1,304
5420 NW 49th Ave Short Sale Cypress Lake $167,400 3/2 1,442
4539 NW 60th Ct Bank Foreclosure Winston Park $166,000 3/2 1,555
4789 NW 6th Pl Short Sale La Margarita $163,000 3/2 1,508
2618 Calliandra Ter Regular Sale Township $149,500 3/2 1,795
5114 42nd Ter Regular Sale Winston Park $147,500 3/2 1,616
4795 NW 10th St Regular Sale Lakewood East $135,500 2/2 1,486
2000 NW 39th Ave Bank Foreclosure Centura Parc $130,000 3/2 1,544

There were 25 total single family sales for the month of October, 2011 ranging in price from $130,000 to $450,000. Last month, there were 22 total single family home sales. There were 3 more homes sold in Coconut Creek in the month of October, 2011 than in September, 2011.

Among the 25 sales for the month of October, 9 were distressed sales (bank foreclosures, corporate owned, or short sales). 36% of the sales were distressed ones.  This is very good news, as for the past year, 50-60% of all Coconut Creek real estate home sales have been distressed.  This is a direct result of banks and lending institutions handling the short sale process in a more expeditious manner.  Banks want to short sale instead of go through the lengthy foreclosure process.  If you or someone you know is interested in learning about how to short sell their home, please give me a call at:  954-609-0591.  My team and I are expert short sale negotiators and would be happy to answer any and all of your questions and concerns.

We pride ourselves on having the only exclusive real estate website for Coconut Creek, Florida. 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.

22 Coconut Creek Real Estate Home Sales In September 2011

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

Property Address Type Of Listing Community Price Beds/Baths Square Feet
5185 NW 50th Ter Regular Sale Cypress Reserve $295,000 3/2 2,082
4505 Banyan Trails Dr Regular Sale Banyan Trails $290,000 4/3 2,800
5511 NW 38th Ter Regular Sale Winston Park $285,000 4/2.5 2,508
6411 Mallards Way Regular Sale Regency Lakes $280,000 3/2.5 2,070
5470 NW 40th Ter Regular Sale Winston Park $260,000 4/2.5 1,836
5342 Coco Lake Drive Bank Foreclosure Coco Lakes $260,000 4/2.5 2,692
5214 NW 52nd Street Bank Foreclosure Winston Park $244,900 4/3 2,037
5019 Ibis Court Regular Sale Regency Lakes $235,000 4/2.5 2,110
4710 NW 21st Court Regular Sale Buttonwood Hammocks $234,000 3/2 1,822
4045 NW 62nd Drive Bank Foreclosure Cocobay $230,199 4/3 2,479
4945 Pelican Street Short Sale Regency Lakes $220,000 3/2.5 2,414
2349 NW 34th Road Regular Sale Centura Parc $200,000 4/2.5 2,135
5142 Woodfield Way Short Sale Banyan Trails $215,000 4/2.5 1,766
4981 NW 10th Street Regular Sale Lakewood East $190,000 3/2 1,444
2331 NW 39th Ter Bank Foreclosure Centura Parc $185,000 4/2 2,035
6135 NW 45th Ter Bank Foreclosure Winston Park $180,000 3/2 1,708
761 NW 48th Avenue Bank Foreclosure Lakewood East $180,000 3/2 1,977
2679 Calliandra Regular Sale Tamarind Village $169,900 3/2 1,716
6026 NW 45th Ter Short Sale Winston Park-Sorbet $161,000 3/2.5 1,248
5830 Eagle Cay Circle Bank Foreclosure Regency Lakes-Eagle Cay $148,000 3/2 1,282
4416 Cordia Circle Regular Sale Township $114,000 2/2 1,532
4393 Acacia Circle Regular Sale Township $112,500 2/2 1,456

There were 22 total single family sales for the month of September, 2011 ranging in price from $112,500 to $295,000. Last month, there were 34 total single family home sales. There were 12 fewer homes sold in Coconut Creek in the month of September, 2011 than in August, 2011.

Among the 22 sales for the month of September, 10 were distressed sales (bank foreclosures, corporate owned, or short sales).
45% of the sales were distressed ones. The decrease in home sales in September is a direct result of the new school year as well as the coming holiday season.  During this time, residents and potential buyers are focused more on their families and not as much on real estate.  But, we are telling both potential sellers and buyers, that now is the perfect time to sell or buy.  If you are a seller, you will not have as much competition on the market at the current time.  But, in early 2012, more Coconut Creek residents will be putting their homes on the market for sale after the holiday season.  Potential buyers should also get off the fence now and buy, as interest rates are at record low levels.  You couldn’t ask for a better time to make a move!

We pride ourselves on having the only exclusive real estate website for Coconut Creek, Florida. 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.

Coconut Creek and South Florida’s Strong Belief in Homeownership

Coconut Creek Realtor Michael Citron Provides Proof In The Strong Belief In Homeownership

coconut-creek-real-estate-home-buyer

Let’s face it; the economy has seen better days.  The job market is not as strong as it used to be.  Many Americans are concerned about the future, as everyone is playing it safe.

But, most Americans still believe in the idea of homeownership for their families.  Owning a home is one of the best long-term financing investments that you will ever make.  In fact, in a recent survey by Pew Research, 81% of people believed in the longer-term investment of owning a real estate property.

Remember, people come from other countries to America just so they can possibly live the American Dream.  Despite the current state of the economy, owning your own home that you can call yourown is a major factor in living the American Dream.  88% of people poled in a recent New York Times and MSNBC research study still believe in the American Dream.  As a result, no matter what our current economic and global problems our country currently faces, an almost majority of Americans strongly believe in the American Dream of Homeowernship.

The final graphical detail on the above chart shows that 61% of Americans believe that now is the time to buy!  We agree with this idea, as there has never been a better time to pull the trigger on a home purchase in Coconut Creek or the rest of South Florida.  Mortgage interest rates are at record low numbers.  Home prices in Coconut Creek and South Florida have never been so affordable.  What are you waiting for?  If you are currently renting a property, you most likely are paying more than if you owned a home, plus you are not receiving the tax benefits of being a home owner.

I know the importance of providing the most updated Coconut Creek and South Florida real estate information, trends, and city information to potential buyers and sellers.  As a result, RealEstateInCoconutCreek.com is the only website dedicated to Coconut Creek, Florida real estate.  No other real estate agent

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.

Should I Wait To Buy A Coconut Creek or South Florida Home?

Why Wait To Purchase A Coconut Creek Home – Now Is The Best Time To Buy

I have been telling on-the-fence Coconut Creek and South Florida home buyers that now is truly the time to purchase a home.  You no longer have to wait for that deal of a lifetime.  Read the chart below that I saw on the KCM Blog

now-buy-coconut-creek-fl-real-estate-home

As you can see from the above chart, you should not be waiting.  If you are seriously thinking about buying a Coconut Creek or South Florida home, now is the time, as interest rates are at record low levels.  Prices are also very affordable, but home costs will increase in the coming months and years.  Remember, the price of the home is not the only factor.  Mortgage interest rates and home insurance are the major factors in your monthly housing expenses.  Mortgage guidelines are changing and tightening soon.  Now is the time to act!

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.

27 Coconut Creek Florida Single Family Homes Sold In July 2011

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

Property Address Type Of Listing Community Price Beds/Baths Square Feet
5632 NW 39th Avenue Regular Sale Coconut Ridge Estate $334,900 4/2.5 2,421
4415 Banyan Trails Drive Regular Sale Banyan Trails $290,000 5/3 2,800
4313 NW 54th Street Bank Foreclosure Winston Park $275,400 4/3 2,828
3949 NW 57th Street Regular Sale Winston Park $265,000 3/2 1,841
4212 NW 66th Street Regular Sale Winston Park $256,000 3/2 2,124
6417 Lake Tern Lane Regular Sale Regency Lakes $255,000 4/3 2,031
4266 NW 42nd Te Short Sale Coquina $250,000 4/3 3,080
4312 NW 54th Street Bank Foreclosure Winston Park $245,900 3/2 2,028
4869 NW 55th Drive Regular Sale Indigo Lakes $245,000 3/2.5 2,133
3766 Pebble Brook Court Regular Sale Banyan Trails $235,000 3/2 1,665
4420 NW 7th Street Bank Foreclosure Edgefield $235,000 4/3 2,604
5029 Heron Place Regular Sale Regency Lakes $229,000 3/2 1,662
5837 Eagle Cay Lane Regular Sale Regency Lakes $208,000 3/2.5 1,624
4400 NW 6th Court Regular Sale Coconut Creek 5th $205,000 4/2 2,738
6471 NW 41st Te Short Sale Cocobay $202,000 3/2 1,790
5601 NW 43rd Way Regular Sale Coral Pointe $201,350 3/3 1,771
6507 Flamingo Way Regular Sale Regency Lakes $200,000 3/2 1,628
5475 NW 41st Te Short Sale Winston Park $200,00 3/2 1,830
4395 NW41st Place Short Sale Coquina $190,000 3/2 1,800
2131 NW 40th Avenue Bank Foreclosure Tartan $189,900 3/2 1,600
6120 NW 44th Te Bank Foreclosure Winston Park $179,000 3/2.5 1,605
3700 NW 23rd Place Regular Sale Centura Parc $176,000 4/2.5 2,050
5090 NW 54th Street Short Sale Winston Park $170,000 2/2 1,360
6011 NW 44th Way Bank Foreclosure Winston Park $165,000 3/2.5 1,406
3962 NW 62nd Court Back Foreclosure Coco Bay $161,500 2/2 1,384
2354 NW 34th Way Regular Sale Centura Parc $152,000 3/2 1,515
2541 Calamondin Circle Regular Sale Tartan $140,000 2/2 1,594

There were 27 total single family sales for the month of July, 2011 ranging in price from $140,000 to $335,000. Last month, there were 38 total single family home sales.  There were 11 less homes sold in Coconut Creek in the month of July, 2011 than in
June, 2011.

Among the 27 sales for the month of July, 12 were distressed sales (bank foreclosures, corporate owned, or short sales).
44% of the sales were distressed ones. For the past 6 months, approximately half of all Coconut Creek single family homes sales are distressed. Inventory is low in the City of Coconut Creek.  There are not many move-in ready homes available.  As a result, buyers are sitting back on the fence waiting for the right opportunity to present itself.  I believe that the reduction in overall Coconut Creek Florida home sales is a result of the lack of regular home listings that are move-in ready.

Many first-time home buyers do not have out-of-pocket money to make repairs on bank foreclosures and do not want to wait 3-6 months or more to hear back from banks on potential short sale purchases.  Mortgage interest rates are truly at record low numbers.  There has never been a better time to purchase Coconut Creek or South Florida homes.  But, home costs will increase in the coming months, as interest rates will rise.  Also, mortgage regulations will also tighten, making now the best time to get off the real estate fence and make a home purchase.

We pride ourselves on having the only exclusive real estate website for Coconut Creek, Florida.  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.