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Weston Real Estate Market Update – Townhouses/Coach Homes as of Feb. 27, 2009

picture-41Every Community has its own personality even thou some of them have the same floor-plans.

Courtside, Mariposa Pointe and the Legends are all Coach homes. Mariposa is located next to Weston’s Town Center and the other two at Weston Hills Country Club.

California Courts, Coconuts and Emerald courts are each of them one of a kind.

All the “Sans” and Courtyard are town-homes communities with the exact Floor Plans. It seems that the newer of the two communities San Mateo and Courtyard a shorter turnaround time.

When I see numbers like these, where in the same kind of product the Months of Inventory based on Closed Sales go from 4.2 to 39 months, I wonder how much we can trust broad statistics. The market is behaving in such a way that every community must be researched with a magnifier glass without loosing sight of the whole picture.

The following graph shows the average Months of Inventory for Condos and Town-houses in Weston as of the end of January of 2009.  This includes all Weston’s and Bonaventure Condos, Town-homes and Coach homes/Villas communities.

tgchartimage2The representation of fro data supplied by the SEF Mls as of Jan. 31,2009

Written by Ines Garcia | Discussion: No Comments »

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