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Weston’s Real Estate Market has been moving consistently for the last year. The graph below contains data for the last 15 months. You may notice a slight difference between the two data sets but the trends are very clear. Decreasing Inventories and steady sales indicate we are in a seller’s market (Under 6 months of Inventory based on Closed Sales). We ended the month of January with the lowest number of homes for sales we have had since 2004…

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

HOMES SOLD BY COMMUNITY

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Source: MLS and Trendgraphix. The information is provided for informative purposes and doesn’t imply that the authors were involved directly  in these transactions.

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

During the Month of August 2010 73 Single Family Homes were sold in Weston of which:
6 were Short Sales (8.2%)
5 were Foreclosures (6.8%)
62 were Regular Sales (85%)

It’s interesting to note that the percentage of distress sales have reduced significantly. Even though, there was an interesting foreclosure in Windmill Ranch Estates 2750 Hackney Rd with a lot over 1 acre which sold for $ 690,000 a very low price for a home in that community.

Months of Inventory based on Closed Sales are just a little over 5 months. Months of Inventory indicates if the market is a seller’s or buyer’s market. 6 Months is considered a balanced market and under 6 months a Seller’s Market.

There were 6 homes in Weston that closed above $ 1,000.000, which represents and increase compared with the last few months and 18 under $ 300,000.

Based on type of transaction:
14 Cash
45 Conventional
12 FHA’s
2 VA’s

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If you are interested in renting or listing for rent Real Estate in WESTON, please call me at (954) 588-7260 or contact me.

The average Sale Price/List Price was 96%. It means that properties are being listed at reasonable prices and in general there is not much room to play with price when presenting offers.

Months of Inventory based on Closed Sales are just a little over 6 months. Months of Inventory indicates if the market is a seller’s or buyer’s market. 6 Months is considered a balanced market.

Almost 77% of the homes closed were under $500,000.00

Information gathered from the Multiple Listing Service as of July 12, 2010

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.

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