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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 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 »

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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 March 2012

Weston’s Real Estate Market Keeps Being HOT!

In the month of March we had 59 SFH Closed, it is a significant number considering we are not in the peak season of the market. Homes for sale keep going down and well priced properties in good conditions may get multiple offers. We have been swinging between a balanced market and a sellers market for the lowest price ranges for several months now. (A Balanced market is when we have between 6 and 9 months of inventory based on Closed Sales).

There was an unusual number of Foreclosures and the percentage of distressed sales (40%)  is slightly higher than in the last few months which the average has been around 35%.

Total Homes Closed on March 2012 59

By Type of Financing

financing

By Type of Transaction

type

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

Closed Sales by Community

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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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Luxury Real Estate in Weston Florida

Price to Sell Ratios

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.

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Written by Ines Garcia | Discussion: 15 Comments »

Weston Homes Sold in April 2011

Weston’s Real Estate Market remains very active!

64 Single Family Homes Sold in Weston
April 2011

SINGLE FAMILY HOMES SOLD IN WESTON

For detailed in formation a list of single family homes sold during the month of April  read more… Read the rest of this entry »

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Weston Single Family Homes Sold: June 2010

99 Single Family Homes Closed on June 2010 in Weston

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.

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Sales by Community:

Weston Homes Sold

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Weston Luxury Homes Sold in 2009 $700,000+

During 2010 in Weston 71 homes sold for $700,000 or more

It represents almost a 10% of all the homes sold in Weston (747 homes sold in 2009). Windmill Reserve is still selling directly from the Developer which means there may be other sales not reflected in the list.

The Communities in Weston with sales above $ 750,000 during 2009 are Windmill Ranch Estates, Windmill Reserve, Windmill Lake Estates, Weston Hills Country Club, The Landings, The Islands, Savanna and isles at Weston.

WINDMILL RANCH ESTATESWINDMILL RESERVE Read the rest of this entry »

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