Discover New Construction 2025 Estate Single Family Homes Coming to Heron Bay Parkland FL!
 
Saltgrass at Heron Bay Parkland FL is the name of an upcoming new and impressive 2025 Luxury Single Family Estate Home residential development by Toll Brothers in Parkland, Florida Coming Soon! Saltgrass is situated on a 21-acre parcel within the Heron Bay community. Saltgrass  Parkland FL will feature 52 upscale homes designed to blend seamlessly with the existing neighborhood. The starting price is at 1.6 Million and the Estate Homes are ranging in size from 2,632 to over 4,000 square feet. Saltgrass is located on the old Heron Bay golf course. This has been a project in the making for a couple of years and is finally at the point of fruition. Heron Bay is a gated and guarded community with 2 clubhouses. If you are interested please let me know for this coming soon community. Here is a link for Saltgrass in Heron Bay Parkland FL
 
 
 
More New Construction 2025 Single Family Residential Home & Townhome Developments are Arriving!
 
Yes, It is so exciting! New construction is coming in 2025! If you are already on a list for a certain community, I will be contacting you when the new community is soon to arrive and when the community opens. Off we will go to view and sign up upon arrival for your new property. If you would like to be pre-approved ahead of time, please let Susan know.
 

May's 2025 Florida Real Estate Market
 
For a long time, the housing market was all sunshine for sellers. During Covid homes were flying off the shelves due to low mortgage rates, and buyers had to compete like crazy. But lately, the real estate market is starting to shift. Some areas are still super competitive for buyers, while others are seeing more homes sit on the market, giving buyers a bit more breathing room. Buyers are paying attention to the condition of the home, such as the roof, windows and floors. This is another reason why proof of funds or a pre-approval letter is so important and needed to visit homes. Not only does this letter tell Susan Penn the Realtor and yourself your price range, it lets Susan know she has an opportunity to ask for closing costs.
 
For May 2025, the last month of spring, the Florida real estate market is experiencing a rebalancing, with increasing inventory and a greater number of homes spending more days on the market. While home prices remain high, mortgage rates are still under 7%. At the last look it was closer to 6.7%. Affordability remains a challenge for some buyers. Home buyers this spring are locking in lower mortgage rates than they could a year ago, when rates pushed above 7%. The market is leaning towards a more balanced buyer's market, especially in the latter half of 2025, with more choices and potentially more negotiation power for buyers. Jerome Powell, chairman of the Federal Reserve, is holding rates steady for the moment. 
 
There are more homes and condos on the market as March 2025 saw more inventory than the last 6 years. Miami Dade has over 13,000 townhomes and condo listings on the market. Broward county inventory is up 43.5%.  Condo prices are down with the new building codes and regulations. Buildings 30 years and older 3 stories tall are required to have a milestone inspection for structural integrity and a turnover inspection, which have raised condo fees. 

We are currently in a balanced market. This is a healthy balance between the number of homes for sale and the demand for them. Miami Dade and Broward County sales have decreased, but prices on listings have increased!
 
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