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

The more we hear about the housing crisis the higher the expectation of Buyers to buy “a steal”. The high end market in Weston (properties listed $800,000 and above) are not an exception. We have buyers who think they can offer 20% and 30% below asking price. As an exercise, we took all MLS closed sales in the last 6 months for Windmill Reserve, Windmill Ranch Estates, Windmill Lake Estates and Weston Hills Country Club.

As a Rule-of-Thumb we can say the average is 90%, in Windmill Ranch Estate there was one that closed at 63.16%  (a short sale) that skews all the data for that development. Of course the price to sell ratio if affected if the property was listed originally at an unrealistic asking price.

CLICK IMAGES BELOW TO ENLARGE

SS=Short Sale  REO=Foreclosure

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

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

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.

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

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 buying or selling, please call me at (954) 588-7260 or contact me.

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

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 buying or selling, please call me at (954) 588-7260 or contact me.

Detailed list of Homes Sold in Weston on December 2010

Detailed list of properties sold in Weston on November 2010

In Weston the real estate market seems to hold very well. We are still in a balanced market (6-9 months o Inventory) with 7.59 months of Inventory based on Closed Sales.

Detailed View of Single Family Homes Sold in Weston on October 2010

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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.

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