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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 »

Written by Ines Garcia | Discussion: 2 Comments »

253 Las Brisas Cr. Sunrise,Fl For Sale: $320.000 & For Rent: $2.000

3 Bedrooms + 2 1/2 Baths
SFLA 1905
Built in 2008

[youtube]http://www.youtube.com/watch?v=bSrV3GVcFaE[/youtube]

GREAT SUNRISE LOCATION CONVENIENTLY CLOSE TO WESTON. TOWN HOME FEATURES 3 BEDROOMS, 2 .5 BATHROOMS, SITTING AREA, GREAT ROOM, COVERED PATIO, 1 CAR GARAGE WITH STORAGE AREA. LAMINATED WOOD FLOOR THROUGHOUT. NEUTRAL COLORS, TEXTURED WALLS, STAINLESS STEEL APPLIANCES. COMMUNITY RECREATION AREA: CABANA, POOL AND SUNDECK, PLAYGROUND.

To stay updated with what’s going on in the Real Estate Market and receive our blog posts directly to your in box subscribe here.
Para estar actualizado con lo que pasa en el Mercado Inmobiliario y recibir nuestros articulos directamente en su e-mail suscribase aqui.

If you are interested in finding how much your home is worth or want to purchase a property, please call us at (954) 588-7260 or contact us.
Si esta interesado en saber cuando vale su inmueble o quiere comprar una propiedad, por favor llamenos al (954) 588-7260 o contactenos.

Written by Ines Garcia | Discussion: 60 Comments »

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 »

Written by Ines Garcia | Discussion: No Comments »

Condo For Sale $125,000! 15801 W Waterside Cr #205 Sunrise-Weston Fl

Regular Sale!!!!

This Beatiful Condo is located in the area of Sunrise, Fl WEST of  I-75 in the Weston Area. Great Community and very well kept Condo!

[youtube]http://www.youtube.com/watch?v=__0Mz1B30ZE[/youtube]

VERY WELL KEPT AND UPGRADED CONDO IN THE SUNRISE AREA NEXT TO WESTON (WEST OF I-75) NEWER APPLIANCES INCLUDING A/C, MARBLE/WOOD AND TILED FLOORS. MARBLE FINISHES IN MASTER BATH, WOOD BLINDS, CEILING FANS, OPEN KITCHEN WITH BREAKFAST AREA, SCREENED BALCONY, ACCORDION SHUTTERS, WASHER/DRYER INSIDE THE UNIT. TENANT IN PLACE UNTIL JUNE 2013 PAYING $1100 PER MONTH. COMMUNITY POOL AND ALL ROOFS WERE RECENTLY REPLACED. NO RENTALS IN THE FIRST YEAR

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

Written by Ines Garcia | Discussion: 6 Comments »

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 »

Written by Ines Garcia | Discussion: 1 Comment »

Single Family Weston Homes Sold On July 2012

82 TOTAL SINGLE FAMILY HOMES SOLD IN WESTON DURING JULY 2012

WESTON HOMES SOLD JULY 2012

Weston’s Real Estate Market remains very active with very low inventories putting pressure on prices. Distressed sales are slightly over 23% which is a relative low percentage compared with a year ago and other communities.

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

Written by Ines Garcia | Discussion: No Comments »

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

Read the rest of this entry »

Written by Ines Garcia | Discussion: No Comments »

Weston Homes Closed On May 2012

Weston Real Estate Market remains very active and with an interesting stabilization in the percentage of  distressed sales, despite all the “bad press” which has remained around 30%.
WESTON HOMES SOLD BY FINANCING AND TYPE OF TRANSACTION

As you can see in the following graph there is a clear trend in decreased inventories and increased pending sales. In the last year only during the winter (slowest time for our market) we kept months of inventory based on closed sales above 6 months. Under 6 months of Inventory based on Closed Sales is considered a Sellers Market. We still have some challenges with appraisals where there is in many cases a gap between what buyers are willing to pay and appraised values.

WESTON REAL ESTATE - SINGLE FAMILY HOMES MARKET TRENDS

For Detailed Information on Single Family Homes Closed during 2012 by Community please read more… Read the rest of this entry »

Written by Ines Garcia | Discussion: No Comments »

Single Family Homes Sold in Weston During February 2012

41 TOTAL SINGLE FAMILY HOMES SOLD IN WESTON DURING FEBRUARY 2012

Weston Homes

Weston’s Real Estate Market has been moving consistently for the last year.  We ended the month of February with the lowest number of homes for sale we have had since 2004 with under 300 homes for sale in Weston…

We have also noticed a decrease in the percentage of CASH transactions representing only slightly over 20% compared to the times where they represented over 30% of all transactions. The trend in the percentage of distressed sales (short sales and foreclosures) has been steady for many months now.

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

Written by Ines Garcia | Discussion: 4 Comments »

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