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.
