How West Broward Real Estate Markets Compare?
June 18th, 2009 categories: General RE Info, Tips For Buyers, Tips for Sellers
West Broward Real Estate Market Comparison
The Real Estate Market in West Broward is definitely leaning towards being a balanced market. The long term trend is still uncertain. The summer is the most active time of the year for these neighborhoods but the performance year-to date sets a very positive trend. Compared to many other neighborhoods West Broward is doing very well.
Interestingly in Pembroke Pines West Months of Inventory based on the last 30 days Closed sales shows signs of being a Buyer’s Market. I know it sounds an overstatement but the numbers don’t lie. The percentage of Short sales Listings in all the area is still very high running from 34% to 50%. In most areas, except Weston, Short Sales represent more than 50% of the active inventory. Challenging as Short Sales are, whoever is looking to buy specially in the Lower prices will have to seriously consider going through the pains of a Short Sale Process.
