Poinsettia Heights - 2022 Real Estate Recap
The beginning of a new year is for many a time of reflection when one gives thought to where we were twelve months ago, changes that have occurred since and any impacts and potential changes needed to achieve our goals.
If you will indulge me in an analogy….much like when a ship’s captain plots a course, important factors such as point of origin, destination, speed, fuel, prevailing winds and potential disturbances that will impact the outcome must be taken into account…so too must important factors be considered when planning to achieve one’s real estate goals. While news on real estate sales is abundantly available to consumers through many channels, it is generally provided at macro levels such as by county or city which limits its usefulness. Because of this and our belief that an informed consumer is a strong consumer, it is our pleasure to provide you with information specific to our community of Poinsettia Heights to help inform any goals you may have.
Whether you are looking to buy or sell, or just have questions about Poinsettia Heights or any other neighborhood in Northeast Broward County, please reach out to us. We would be happy to assist.
POINSETTIA HEIGHTS - 2022 Full Year Sales Summary
In this issue, it is our pleasure to provide you with a current and historical view of single family home sales for Poinsettia Heights. For this we begin with the chart below that shows the average sale price and number of homes sold since 2012. As you can see the average sale price of $269,286 in 2012 rose to over $863,504 in 2022, a remarkable 220% increase. Of this, 69% of the increase occurred in just 3 years time between 2020 and 2022 due to significant demand that was fueled by decades low interest rates, extremely limited inventory and of course an increasing number of people wishing to move to or just invest in S. Florida. Although we have seen a considerable slowing in the number of sales over the last 6 months, the belief is that Poinsettia Heights will remain in strong demand by buyers seeking a charming South Florida neighborhood with strong property values and that will afford them a lifestyle of their dreams.
Homeowner Resources - BCPA
Living in Broward County, we are afforded many wonderful resources intended to inform and help protect property owners. One such resource is the Broward County Property Appraisers office led by our property appraiser Marty Kiar. If you have not had the opportunity to become acquainted with the BCPA office and the wonderful programs and resources they provide, we encourage you to check them out using the button below. As a real estate professional I have interacted with this office on many occasions and have found them to be extremely friendly, responsive and informative.
Home Buyer Educational Series
Are you are looking to purchase a property to make your first home or have not purchased a property in some time? If so we invite you to check out our video educational series ‘The Anatomy of A Home Purchase’ by clicking on the graphic below.
We appreciate you taking the time to review this newsletter and hope that you found it informative. While this issue focuses on Poinsettia Heights, we also provide versions for other northeast Broward county communities including but not limited to Coral Ridge, Coral Ridge Country Club Estates, Victoria Park and Wilton Manors. If you would like to received real estate updates for any of these additional communities, please do let us know.