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

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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For detailed in formation a list of single family homes sold during the month of May read more…

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

INFORMATION OBTAINED THROUGH THE MULTIPLE LISTING SERVICE

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64 Single Family Homes Sold in Weston
April 2011

For detailed in formation a list of single family homes sold during the month of April  read more…

For a detailed list of properties sold in Weston on April 2011 click here

INFORMATION OBTAINED THROUGH THE MULTIPLE LISTING SERVICE

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In the last few months I have experienced being involved in multiple offers situations in most transactions…it’s a sign of either shortage of inventory and/or an early start of the spring and early summer high season for our area. We are still having a lot of issues with appraisals where we can notice that buyer’s offers being often higher than appraised values.

For detailed in formation a list of single family homes sold during the month of February read more…

To see detailed information on the properties sold click here.

INFORMATION OBTAINED THROUGH THE MULTIPLE LISTING SERVICE

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Weston Single Family Homes Sales are consistent with the time of the year. For a list of single family homes sold during the month of February read more…

INFORMATION OBTAINED THROUGH THE MULTIPLE LISTING SERVICE

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The number of sales in consistent with the regular sales trend in Weston for the month of January. The Number of distress sales follows the market steady percentage that has been the norm in the last months.

Sales by Community:

INFORMATION OBTAINED THROUGH THE MULTIPLE LISTING SERVICES AS OF 02/07/2011

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