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Archive for December, 2009

Foreign Language Immersion 2010 Summer Camp in Weston

Picture 6

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Written by Ines Garcia | Discussion: 1 Comment »

Mortgage Rates Hit Rock Bottom

Unprecedented 4.71% Average 30 Years Fixed-Rate

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Isles at Weston Homes for Sale and Sold-Real Estate Market Trends as of 12/8/09

As of 12/8/2009 There are 24 Active Listings* in Isles at Weston

Of the Active Listings:
6 are Short Sales
There are not any Foreclosed Homes
Prices range from $399,000.00 to 1,099,000.00

On the month of November 2009 there were 2 Closed Sales
Both were Short Sales
Prices range from $380,000.00 To $407,000.00

For a detailed list of Properties for Sale and Closed click here

*The list gets updated in real time so you may see some properties with a different status by the time you open the link

Thinking of selling your home? Now might be a good time to put it on the market when the inventory of great properties for sale is low. For a FREE market analysis of your property contact me.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.

Related Article: Nov. 2009 Weston’s Real Estate Market Update

Written by Ines Garcia | Discussion: 1 Comment »

The Ridges at Weston Homes for Sale and Sold-Real Estate Market Trends as of 12/8/09

As of Dec. 08, 2009 there are 15 Active Listings in The Ridges*

Of the Active Listings:

6 are Short Sales
1 is a Foreclosed Homes
Prices range from $249,000.00 to $580,000.00

On the month of November there were 5 Closed Sales
2 were Short Sales
1 was a Foreclosed Homes
Prices range from $236,000.00 to $500,000.00

For a detailed list of Properties for Sale and Closed click here

*The list gets updated in real time so you may see some properties with a different status by the time you open the link

Thinking of selling your home? Now might be a good time to put it on the market when the inventory of great properties for sale is low. For a FREE market analysis of your property contact me.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.

Related Article:
November 2009 Weston’s Market Update

Written by Ines Garcia | Discussion: No Comments »

Guidelines on Short Sales Released

Is This too Good to be True?

Over the last 4 years we have struggling to get Short Sales Approved. Every transaction becomes a session of gambling. We never know if and/or when it will get approved.

We have seen Short Sales that took over one year to get approved. An standardized and streamlined process will take a lot of the frustrations associated with Short Sales transactions away.

My question is: Do Banks have the man power to approve the short sales before it’s too late? As per the guidelines (see link at the bottom of the article) the approval of the short sale will take place prior of listing the property and the sale must take place in less than 4 months.

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To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
If you are interested on learning more about short sales, please call me at (954) 588-7260 or
contact me.

Written by Ines Garcia | Discussion: No Comments »

Art in Miami is all Over the Place this December!

Art Basel & Art Miami Guide
Dec 2-6, 2009

See you there!
Please add your Recommendations in the comments section!

Written by Ines Garcia | Discussion: No Comments »

Nov. 2009-SF Weston Homes and TH/Condos Market Update

Single Family Homes Nov. 09

Weston,Fl. Single Family Homes Nov. 09

Months of Inventory based on PS= 1.23 months
Months of Inventory based on CS= 5.8 months

The percentage of Short Sales in PS status is extremely high, this number has been increasing as time goes by. The number of pending sales keeps piling up. If you compare it with August’s Data the change in the market is remarkable.

Weston Condos/TH Nov. 2009

Weston,Fl Condos/Town Homes Nov. 09

Months of Inventory based on PS= 1.3 months
Months of Inventory based on CS= 8.2 months

Active-Number of Properties for Sale
PS-Properties Under Contract/Pending Sales and in Back Up Status (Open to receive Back Up offers)
CS-Transactions Closed/Closed Sales

SS-Short Sales
REO-Foreclosures
REG-Regular Sales

Months of Inventory are calculated dividing Active between CS and PS
Under 6 Months=Seller’s Market
Between 6-9 Months=Balanced Market
More than 9 Months=Buyer’s Market

To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
If you are interested in buying or selling Real Estate in South Florida, please call me at (954) 588-7260 or
contact me.

Written by Ines Garcia | Discussion: No Comments »

Nov. 2009-SF Homes Market Update Miramar West (of I-75)

Single Family Homes Inventory Nov.2009

Single Family Homes Inventory Nov.2009

Months of Inventory based on PS= Less Than 1 month
Months of Inventory based on CS= 11 months

The number of Pending Sales is extremely high, in all this years in Real Estate I have never seen such a proportion of pending sales to active listings. The GAP between the months of Inventory based on PS and CS are due to fact that pending short sales.

Active-Number of Properties for Sale
PS-Properties Under Contract/Pending Sales and in Back Up Status (Open to receive Back Up offers)
CS-Transactions Closed/Closed Sales

SS-Short Sales
REO-Foreclosures
REG-Regular Sales

Months of Inventory are calculated dividing Active between CS and PS
Under 6 Months=Seller’s Market
Between 6-9 Months=Balanced Market
More than 9 Months=Buyer’s Market

To stay updated with what’s going on in West Broward Are and receive my blog posts directly to your inbox subscribe here.
If you are interested in buying or selling Real Estate in South Florida, please call me at (954) 588-7260 or
contact me.

Written by Ines Garcia | Discussion: No Comments »

Nov. 2009-SF Homes Market Update Pembroke Pines West (of I-75)

Nov. 2009 Single Family Homes Inventory

Nov. 2009 Single Family Homes Inventory

Months of Inventory based on PS= 1.04
Months of Inventory based on CS= 7

Short Sales are still affecting the market in high proportions. There is an interesting contrast between pending sales (64%) and closed properties (27%) that are SS.

The GAP between the months of Inventory based on PS and CS are due to fact that pending short sales.

Active-Number of Properties for Sale
PS-Properties Under Contract/Pending Sales and in Back Up Status (Open to receive Back Up offers)
CS-Transactions Closed/Closed Sales

SS-Short Sales
REO-Foreclosures
REG-Regular Sales

Months of Inventory are calculated dividing Active between CS and PS
Under 6 Months=Seller’s Market
Between 6-9 Months=Balanced Market
More than 9 Months=Buyer’s Market

To stay updated with what’s going on West Broward and receive my blog posts directly to your inbox subscribe here.
If you are interested in buying or selling Real Estate in South Florida, please call me at (954) 588-7260 or
contact me.

Written by Ines Garcia | Discussion: No Comments »

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