June has always been a very active month in Weston… It’s interesting to note the decrease in Cash Transactions compared with previous months. In February they represented over 40% of the closed sales.

Sales by Community:

WESTON HILLS COUNTRY CLUB

SAVANNA

THE RIDGES

ISLES AT WESTON

THE MEADOWS

THE FALLS

THE LAKES

THE ISLANDS

EMERALD ESTATES

EMERALD ISLES

SAN REMO

SAN SEBASTIAN

HAMPTON ISLES

NEW RIVER ESTATES

BONAVENTURE

In March 2010 there were 63 Closings of Single Family Homes in Weston, Fl. Of those, 32% were “distress sales” (Short Sales and Foreclosures) which is consistent with the trend of the last few months. Fortunately most of our sales are regular sales and based on Month of Inventory Based on Closed Sales we are slightly in a sellers market with several offers competing for the best values. Buyers are being attracted mostly to properties that need little or none work and preferably with upgrades of which they will pay a fraction of the cost.

Detailed View of All Single Family Homes Sold in Weston on March 2010 (Data Obtained through MLS as of 4/7/2010)

Weston Hills Country Club

The Ridges

Savanna

Isles at Weston

The Landings

The Meadows

The Springs

The Islands

The Lakes

Country Isles

Bonaventure

Coral Harbour

Tequesta

The Falls

Emerald Courts

San Remo

Thinking of selling your home? Now might be a good time to put it on the market when the inventory of great properties for sale is low. For a FREE market analysis of your property contact me.

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• The number of closed sales represents an increase in comparison to September where only 51 SFH closed.
• Compared with the number of properties listed as Short Sale ( With almost 1/3 of the Inventory) the percentage that closed is relatively small (only 16.95% ).
• Compared with last month’s cash closing there has been a decrease from 33.3% to 28.81%

Sales by Development:

Click here to view the embedded video.

September 2009 Single Family Homes Market Update
August 2009 Single Family Homes Market Update

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