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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 »

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 »

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Weston Homes Sold During January 2013

Closed Sales during January 2013 were consistent with last year’s market trends,there was an unusual activity at the beginning of the year with not many homes being listed and interest in new listings similar to what we are used to during the peak of Weston’s Real Estate Market. Multiple offers, offers above asking price, offers not contingent on appraisals… leaving buyers financing the purchase in a very bad position where it’s hard for them to compete.

We still have less than 3 months of Inventory based on Closed Sales, which is considered a Seller’s Market.

Distressed sales are maintaining the trend with a still high percentage over 20% but almost half of what it was in the worst times  Something we find interesting is the fact that CASH transactions are extremely high, in the last year in average we had less than 30% of Cash Sales and this month we had almost 50% as during the month of December..

Weston Florida Homes Sold During January 2013 By Type

To read detailed information on Weston Single Family Homes sold by community click on more Read the rest of this entry »

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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 »

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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 »

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Weston Single Family Homes Sold April 2012

Weston Remains a Very Active Market

Coincidentally this month last year (April 2011) we had the exact same number of closed sales as this year. The great difference is in the number of active listings which are almost 22% down from last year. The number of Pending Sales increased dramatically making it very competitive.

Distressed Sales (Short Sales and Foreclosures) represent 26.6% of the market which is less than the 32% to 36% average that had been the trend in the last couple of years.

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If you are interested in finding how much your home is worth, please call us at (954) 588-7260 or
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The Following graph shows Single Family Homes Market Data for the last 15 months in Weston:

Weston Single Family Homes Sold in the Last 15 Months

TOTAL NUMBER OF HOMES SOLD 64

Closed Sales by Type of Sale and Financing

To See Homes Sold by Community click here Read the rest of this entry »

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Weston Single Family Homes Sold on November 2011

We had a Very Active Month!!! even though we are starting Weston’s low season…

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.

Homes Sold Weston November 2011For detailed information of Homes old by community please click on read more… Read the rest of this entry »

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Weston Single Family Homes Sold on August 2011

Weston’s Real Estate Market Stays Very Active:

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.

WESTON HOMES SOLD AUG 2011

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:

weston homes soldweston homes soldweston homes soldweston homes sold

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

Information obtained through the Multiple Listing Service

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