5 Bedroom                     3 + 1/2 Baths

Lakefront                       Pool

Almost SF 13,000 Lot

REMODELED & FENG SHUI BALANCED BY PROFESSIONAL DESIGNER… OVER $120,000 WORTH OF UPGRADES AND FIXTURES. FEEL HOW THE ENERGY FLOWS IN THIS OPEN FLOOR PLAN! NEW ITALIAN STYLE KITCHEN, TWO BATHS RENOVATED WITH SIGNATURE FIXTURES & APPLIANCES (SEE LIST OF FEATURES IN ATTACHMENTS). DESIGNER ACCENTS ALL AROUND! MASTER BR HAS PLENTY OF CLOSETS & STORAGE WITH SPACE FOR SITTING AREA, GYM OR OFFICE. WOOD DECK, FENCED BACKYARD, OVERSIZED PIE SHAPED LOT ON QUIET CUL-DE-SAC OVERLOOKING LAKE. FIFTH BEDROOM IS A DEN.

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201 1 December’s activity in Weston’s Real Estate Market was very similar to 2010. The number of homes sold went down in only one unit and the percentage of distressed sales remained in the low %30’s, which even though is a very large number it’s still lower than in many other communities.

See below the list of properties sold during 2011 by Subdivision.

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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.

For detailed information of Homes old by community please click on read more…

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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.

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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.

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:

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Information obtained through the Multiple Listing Service

The more we hear about the housing crisis the higher the expectation of Buyers to buy “a steal”. The high end market in Weston (properties listed $800,000 and above) are not an exception. We have buyers who think they can offer 20% and 30% below asking price. As an exercise, we took all MLS closed sales in the last 6 months for Windmill Reserve, Windmill Ranch Estates, Windmill Lake Estates and Weston Hills Country Club.

As a Rule-of-Thumb we can say the average is 90%, in Windmill Ranch Estate there was one that closed at 63.16%  (a short sale) that skews all the data for that development. Of course the price to sell ratio if affected if the property was listed originally at an unrealistic asking price.

CLICK IMAGES BELOW TO ENLARGE

SS=Short Sale  REO=Foreclosure

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*OFFERED AT $ 350,000.00

*4 BEDROOM & 2 1/2 BATHS

*TOTAL AREA: SF 1954

*LIVING AREA: SF 1812

*UPGRADED KITCHEN WITH STAINLESS STEEL APPLIANCES,

*NEWER WASHER,DRYER AND WATER HEATER

*TILED LIVING AREAS AND TILED PATIO

*NEW CARPETS IN BEDROOMS AND LAMINATE IN STAIRS

*VERY PRIVATE, NICE SIZED BACKYARD WITH GROWN HEDGES

*ACCORDION SHUTTERS IN SECOND FLOOR

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We can notice a decrease in the proportion of distress sales compared with the same period last year. On May 2010 distress sales (short sales and foreclosures) represented 46% of all sales and this year only 22%.

For a Detailed list of Single Family Homes Sold In Weston on May 2011 click here

For detailed information of single family homes sold during the month of May by neighborhood read more…

INFORMATION OBTAINED THROUGH THE MULTIPLE LISTING SERVICE

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If you are interested in buying or selling, please call us at (954) 588-7260 or contact us.