Parkland home prices rise in the third quarter of 2020

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The median sale price of a home sold in the third quarter of 2020 in Parkland rose by $45,100 while total sales increased by 26.1%, according to

From July through September of 2020, there were 179 homes sold, with a median sale price of $635,000 - a 7.6% increase over the $589,900 median sale price for the same period of the previous year. There were 142 homes sold in Parkland in the third quarter of 2019.

The median sales tax in Parkland for the most recent year with available data, 2017, was $8,380, approximately 1.3% of the median home sale price for the third quarter of 2020.

The following table compares Parkland to other Broward County cities with similar median sales prices in the third quarter of 2020:

CityJuly - Sept. 2020 Home SalesJuly - Sept. 2019 Home Sales% change (Total Home Sales)July - Sept. 2020 Median Sales PriceJuly - Sept. 2019 Median Sales Price% change (Median Sales Price)
Sea Ranch Lakes611-45.5%$1,362,500$725,00087.9%
Southwest Ranches352445.8%$820,000$732,50011.9%
Lighthouse Point1288845.5%$612,000$415,00047.5%
Cooper City1531483.4%$440,000$408,0007.8%
Pompano Beach (unincorporated)4333.3%$422,500$320,00032%
Wilton Manors1291198.4%$390,000$350,00011.4%
Coral Springs675703-4%$380,000$355,0007%
Fort Lauderdale1,1971,224-2.2%$370,000$320,00015.6%

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