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Weston Homes Sold During March 2013

As of today April 11, 2013 there are only 186 active listings in Weston.  This means that we have less than 3 months of inventory based on closed sales (Seller’s Market) putting a lot of pressure in prices.

After a few months of almost 50% Cash Transactions this month we have a percentage that seems to be more reasonable. Cash transactions distort the market since most of them are not subject to appraisal. Even though many times in financed transactions buyers are willing to pay above appraised value at least there is a bench mark to negotiations on a new purchase price.

Distressed Sales (Short Sales & Foreclosures) have kept the pace in the 30% range. What we have noticed is a reduced number of new distressed listing entering the market.

Weston Homes Sold March 2013

To see detailed information of sales by community click on more Read the rest of this entry »

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Weston Single Family Homes Sold During February 2013

Weston, a Very Interesting Real Estate Market…

Weston’s Real Estate activity is still very stable. Even though the number of homes sold is not impressive the facts behind in our opinion are… including the fact that there were not more closed sales because there is lack of Inventory.

Here are some Facts:

THE FIRSTS FEW MONTHS OF THE YEAR IN WESTON ARE NORMALLY OUR “LOW SEASON”

24 HOMES SOLD UNDER $ 400,000 AND WE HAVE UNDER 48 ACTIVE LISTINGS UNDER $ 4000M000, this means less than 2 months of Inventory based on Closed Sales (less than 6 months of Inventory based on Closed sales is considered a Seller’s Market)

5 HOMES SOLD AT FULL ASKING PRICE

10 (41.66%) HOMES UNDER $400,000 SOLD ABOVE ASKING PRICE BETWEEN 8.95% AND .04%

17 (70.83%) HOMES UNDER $ 400,000 SOLD CASH

This leaves the Buyers with low Down Payments in a very difficult situation…. we hope the craziness we experienced  a few years ago doesn’t come back. We can’t imagine how the High season will bring!!!

Weston Closeed Sales February 2013 by type of financing and type of transaction

To see a detailed list of Homes sold By Community please click on MORE Read the rest of this entry »

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Weston Homes Sold December 2012

Closed Sales during December 2012 kept a good pace as most of the year, Weston has maintained very low inventories for several months, which leads to a lot of activity on any listing and multiple offers in the most attractive properties. We have less than 3 months of Inventory based on Closed Sales, which is considered a Seller’s Market. Appraisal values are still a challenge., buyers are most of the times willing to pay more then what the properties appraise for  Distressed sales have maintained the rhythm and the best news is that they haven’t increased  as many predicted it would occur. Something we find interesting is the fact that CASH transactions were extremely high, in the last year in average we had less than 30% of Cash Sales and this month we had almost 50%.

62 TOTAL HOMES CLOSED ON DEC. 2012

TOTALS

To read detailed information on Weston Single Family Homes sold by community click on Read the rest of this entry »

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Weston Homes Sold During November 2012

Closed Sales have been keeping a good pace, Weston has low inventories which leads to a lot of activity on any listing.We have less than 3 months of Inventory based on Closed Sales, which is considered a Seller’s Market. Being said that, as we have mentioned in previous posts the gap between what buyers are willing to pay and appraised values are still a challenge. We can also notice a reduction in distressed sales representing less than 23% of all sales, one of the lowest percentages since the real estate crisis.

Weston

To read detailed information of Weston’s Market Trends and Weston Single Family Homes sold by community click on more Read the rest of this entry »

Written by Ines Garcia | Discussion: 1 Comment »

Weston Homes Sold 3rd Quarter of 2012

Weston’s Real Estate Market remains very active with very low inventories putting pressure on prices. Distressed sales are slightly over 25% which is a relative low percentage compared with a year ago and other communities.

weston Homes sold 3rd Quarter 2012

To read detailed information of Weston’s Market Trends and Weston Single Family Homes sold by community click on more Read the rest of this entry »

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Weston Single Family Homes Sold During June 2012

90 TOTAL SINGLE FAMILY HOMES SOLD IN WESTON DURING JUNE 2012

WESTON HOMES SOLD BY TYPE OF TRANSACTION AND FINANCING JUNE 2012

WESTON REAL ESTATE MASKET TRENDSThere is a slight difference between the numbers in the graph and the actual number of homes showing closed in the MLS as of today, probably the data for this graph was pull a few days ago and some properties were not updated by then; having said that we can see a clear trend of diminishing inventories over time with a 2.5 months of inventory based on closed sales which puts a lot of pressure in pricing since the supply/demand relationship is favoring sellers.

To read detailed information of Weston’s Market Trends and Weston Single Family Homes sold by community click on more…

Closed Sales by Community

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Weston Single Family Homes Sold on November 2011

We had a Very Active Month!!! even though we are starting Weston’s low season…

Single Family Homes sales were very active during the month of November 2011. The Inventories have been low specially during the last few months with less than 6 months of Inventory based on closed sales. Less than 6 months of Inventory based on closed sales is considered a Sellers Market. Our main challenge in how distressed sales still affect price on comparable sales making the recovery even though looking steady also slowly regarding price increases.

Homes Sold Weston November 2011For detailed information of Homes old by community please click on read more… Read the rest of this entry »

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Weston Single Family Homes Sold on September 2011

64 Homes Closed in Weston on September 2011

BY TYPE OF TRANSACTION:
45 Regular Sales
10 Short Sales
9 Foreclosures
The percentage of distress sales has been maintained over the last months representing approximately 30% of all total sales. A number that even though looks high is still lower than the percentage in other areas.

BY TYPE OF FINANCING
32 Conventional Loans
20 Cash Deals
10 FHA Loans
2 VA Loans
It’s interesting to note that the proportion of cash sales (over 30%) is still very high compared to traditional markets. We also notice a higher number of FHA’s loans than what we were seeing in the last few months.

weston homes sold sept 2011

weston homes sold sept 2011

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If you are interested in visiting this home or to find how much your home is worth, please call us at (954) 588-7260 or
contact us.

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Weston Single Family Homes Sold on August 2011

Weston’s Real Estate Market Stays Very Active:

The Market has been very active and we have less than 6 months of Inventory based on Closed Sales for all prices in Weston. In certain price ranges we have less that 4 months of Inventory based on Closed Sales. Under 6 months of Inventory shows a Seller’s Market and we have experience in both our listings and with our Buyers a trend to receive multiple offers.

WESTON HOMES SOLD AUG 2011

There were an unusual number (TEN) of transactions with seller’s contribution which represent almost 15% of the total transactions. Seller’s Contributions ranged from $700 to $ 12,451.

Homes Sold By Development:

weston homes soldweston homes soldweston homes soldweston homes sold

To stay updated with what’s going on in the Real Estate Market and receive my blog posts directly to your in box subscribe here.
If you are interested in visiting this home or to find how much your home is worth, please call us at (954) 588-7260 or
contact us.

Information obtained through the Multiple Listing Service

Written by Ines Garcia | Discussion: No Comments »

Weston Homes Sold in April 2011

Weston’s Real Estate Market remains very active!

64 Single Family Homes Sold in Weston
April 2011

SINGLE FAMILY HOMES SOLD IN WESTON

For detailed in formation a list of single family homes sold during the month of April  read more… Read the rest of this entry »

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