Archive for September, 2009
Weston Real Estate Townhouses/Condos Sold September 2009
September 30th, 2009 categories: Tips For Buyers
Townhouses/Condos
Based on raw data there are 12.38 months of Inventory based on Closed Sales. I took from the list of active inventory and closed sales the units at the Condo-Hotel in Bonaventure and Properties listed by mistake in Weston. I think The Palms (formerly known as The Palace) the 55+ Community may distort Weston’s trends. I kept them this time because, even if we take them off ,the trend shows a Buyer’s Market in the TH/Condo segment.
As we noticed in the Single Family Homes Market even though there are not many Foreclosures listings they represent an important percentage of the closed sales. The percentage of Short Sale listings is still very high, over 50% of the Active Inventory.
Of the 5 Foreclosure closings 4 were Cash transactions (80%). A total of 10 transactions closed cash, being it over 55% of the closings.
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Weston Real Estate Single Family Homes Sold September 2009
September 30th, 2009 categories: Market Update, Tips For Buyers, Tips for Sellers
33.3% of Single Family Homes Closed Cash
As of Sept. 30th 2009 these are the number of closed sales and active listings reported in the MLS. Some additional sales might be updated in the next few days.
As we can see even though only 3% of the active listings are Foreclosures the market look eagerly for them, they last in average less than 1 month in the market. Sometimes only days receiving multiple offers.
The number of cash transactions is amazing! A total of 17 transactions closed CASH. A few properties closed above listed price.
Based on Closed Sales we have 7.23 Months of Inventory (Balanced Market)
Single Family Homes
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Food for Thought: Are We in Control of Our Own Decisions?
September 24th, 2009 categories: Worth Sharing
Food for Thought: Videos That I Find Interesting and Worth Sharing.
Let me Know what you think?
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Animal Relief Areas at Miami International Airport
September 24th, 2009 categories: Community Information, Living in Weston, Services
Animal Relief Areas at Miami International Airport
As part of the $2.6 billion Major Capital Improvement Program that will continue through the year 2010 4 Animal Relief Areas have been created at Miami International Airport. MIA is the third largest airport in USA, on 2008 it served 16.1 million passengers; after NY Kennedy (#1) and LA International (#2). On 2008 MIA ranked #1 in International Freight.
Despite the volume of activity the flow at the airport moves very efficiently. The ability to check at the curbside, even for International flights, is a time saver. Another thing I noticed in my last trip is that now Immigration for Residents/US Citizens and Visitors are done in two completely separate areas; the set up looks improvised…I don’t know if it is something temporary or permanent.
As it reads in their web site:
“Miami International Airport’s (MIA) and the General Aviation Airports’ annual economic impact is $26.7 billion. MIA and related aviation industries contribute 282,043 jobs directly and indirectly to the local economy. That equates to one out of 4.1 jobs.”
At MIA there is always something new going on!
Animal Relief Area at South Terminal MIA
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How Weston Real Estate Market Compares?
September 18th, 2009 categories: General RE Info, Market Update
*Inventories keep decreasing in most areas of Broward County
*Closed Sales keep increasing in most areas. Weston’s Closed Sales decreased in 5.8% compared to last year and pending sales decreased in 18.3%. The decrease in available properties could be the reason why. I am working with a few clients that can’t find what they are looking for. Buyer’s Expectations are still very high and most of them are looking for bargains that do not exists.
*In West Broward is notorious the increase in Closed Sales in Cooper City and Pembroke Pines/Miramar East of Flamingo. In my opinion it is due to the fact that compared to other areas Buyer’s can find more SF for their Money.
If you want detailed information please leave a comment or contact us directly
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Weston Real Estate Single Family Homes Sold August 2009
September 3rd, 2009 categories: Market Update, Tips For Buyers, Tips for Sellers
As of Today 45 Properties Have Been Reported Closed in the MLS on August 2009.
| Type of Sale | Closed Sales | % of Closed Sales | % of Active Listings |
| Regular Sales | 32 | 71% | 63% |
| Short Sales | 9 | 20% | 33% |
| Foreclosures | 4 | 9% | 4% |
The Percentage of Short Sales has decreased only slightly, On April Short Sales Listings represented 35% of the Active Inventory. Foreclosures are still very low in Weston. When they are listed they sell very fast and with multiple offers. In our experience buyers are trying to avoid Short Sales as much as they can, the process even though has been streamlined it’s still filled with uncertainties.
TYPE of FINANCING:
Conventional 27
Cash 9
FHA 7
VA 1
Other 1
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