Archive for the 'Market Update' Category
Weston Short Sales Market Update-Single Family Homes
March 10th, 2010 categories: General RE Info, Market Update, short sales
Weston Short Sale Inventory is Leveled
Weston Single Family Homes Short Sales available for Sale have been decreasing by a couple of points as time goes by. It’s not a significant number but the good news is that the percentage has not increased.
Regarding Short Sale Properties there are Pending Sales input as under contract as far back as April 2008. We never know if the information is totally accurate because not always the information is updated in the MLS in a timely manner as it should.
There are as of Today 8 Active Short Sale Listings in the MLS over $1,000,000.
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.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
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Weston Single Family Homes Sold in Weston on February 2010
March 10th, 2010 categories: General RE Info, Market Update
There were 37 Closed Sales in Weston during the month of February, 2010.
Of those Sales:
15 were paid Cash (40.5%)
5 FHA Financed (13.5%)
17 Conventional Loans (46%)
The number of cash transactions is still very high and competing against cash buyers when presenting offers may be challenging. On the other hand it’s encouraging to see that some FHA’s went through.
Almost 70% of the sales were regular sales and 30% of the sales were distressed sales (5 short sales and 6 Foreclosures/REO’s).
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.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
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Weston Homes for Sale and Sold-Real Estate Market Trends as of 2/1/2010
February 1st, 2010 categories: Bonaventure, Country Isles, Emerald Estates, Market Update, North Lakes, Savannah, The Islands, The Lakes, The Meadows, The Ridges, The Springs, Tips For Buyers, Weston Hills Country Club, Windmill Lakes Estates
As of February 01, 2020 there are 318 Active Single Family Homes Listed in Weston,Fl
On the month of January, 2010 there were 32 Closed Sales
The proportion of Short Sales and regular sales have not changed much in the last few months.
For a detailed view of the Single Family Homes that closed in Weston on January 2010 click here.
If you want to compare with November and December activity you can read the related articles:
December 2009 Market Update
November 2009 Market Update
*Some Closed Sales may not be recorded yet in the MLS as of 2/1/2010
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 us.
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Weston Luxury Homes Sold in 2009 $700,000+
January 13th, 2010 categories: Isles at Weston, Market Update, Savannah, The Islands, The Landings, Weston Hills Country Club, Windmill Lakes Estates, Windmill Ranch Estates, Windmill Reserve
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.
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Single Family Homes Sold in West Broward: 2008-2009 Comparison
January 5th, 2010 categories: General RE Info, Market Update, Miramar, Pembroke Pines, Tips For Buyers, Tips for Sellers
The increase in closed sales can be found all around the West Broward. Interestingly Weston’s increase has not been as abrupt as in other areas. It may be caused by any or the combination of several reasons:
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SW Broward Single Family Homes for Sale and Sold as of 01/01/2010
January 4th, 2010 categories: Cooper City, Davie, General RE Info, Market Update, Miramar, Pembroke Pines, Properties in Weston, SW Ranches, Tips For Buyers, Tips for Sellers
In most cities we can notice a very low number of homes for sale available. When we have less than 6 Months of Inventory it is considered a Seller’s Market. If you have been in the market purchasing in the last few months you have probably experienced
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Isles at Weston Homes for Sale and Sold-Real Estate Market Trends as of 12/8/09
December 8th, 2009 categories: Isles at Weston, Market Update
As of 12/8/2009 There are 24 Active Listings* in Isles at Weston
Of the Active Listings:
6 are Short Sales
There are not any Foreclosed Homes
Prices range from $399,000.00 to 1,099,000.00
On the month of November 2009 there were 2 Closed Sales
Both were Short Sales
Prices range from $380,000.00 To $407,000.00
For a detailed list of Properties for Sale and Closed click here
*The list gets updated in real time so you may see some properties with a different status by the time you open the link
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.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
Related Article: Nov. 2009 Weston’s Real Estate Market Update
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The Ridges at Weston Homes for Sale and Sold-Real Estate Market Trends as of 12/8/09
December 8th, 2009 categories: Market Update, The Ridges
As of Dec. 08, 2009 there are 15 Active Listings in The Ridges*
Of the Active Listings:
6 are Short Sales
1 is a Foreclosed Homes
Prices range from $249,000.00 to $580,000.00
On the month of November there were 5 Closed Sales
2 were Short Sales
1 was a Foreclosed Homes
Prices range from $236,000.00 to $500,000.00
For a detailed list of Properties for Sale and Closed click here
*The list gets updated in real time so you may see some properties with a different status by the time you open the link
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.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
Related Article:
November 2009 Weston’s Market Update
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Guidelines on Short Sales Released
December 3rd, 2009 categories: Market Update, Tips for Sellers
Is This too Good to be True?
Over the last 4 years we have struggling to get Short Sales Approved. Every transaction becomes a session of gambling. We never know if and/or when it will get approved.
We have seen Short Sales that took over one year to get approved. An standardized and streamlined process will take a lot of the frustrations associated with Short Sales transactions away.
My question is: Do Banks have the man power to approve the short sales before it’s too late? As per the guidelines (see link at the bottom of the article) the approval of the short sale will take place prior of listing the property and the sale must take place in less than 4 months.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
If you are interested on learning more about short sales, please call me at (954) 588-7260 or contact me.
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Nov. 2009-SF Weston Homes and TH/Condos Market Update
December 1st, 2009 categories: Market Update
Weston,Fl. Single Family Homes Nov. 09
Weston,Fl. Single Family Homes Nov. 09
Months of Inventory based on PS= 1.23 months
Months of Inventory based on CS= 5.8 months
The percentage of Short Sales in PS status is extremely high, this number has been increasing as time goes by. The number of pending sales keeps piling up. If you compare it with August’s Data the change in the market is remarkable.
Weston,Fl Condos/Town Homes Nov. 09
Months of Inventory based on PS= 1.3 months
Months of Inventory based on CS= 8.2 months
Active-Number of Properties for Sale
PS-Properties Under Contract/Pending Sales and in Back Up Status (Open to receive Back Up offers)
CS-Transactions Closed/Closed Sales
SS-Short Sales
REO-Foreclosures
REG-Regular Sales
Months of Inventory are calculated dividing Active between CS and PS
Under 6 Months=Seller’s Market
Between 6-9 Months=Balanced Market
More than 9 Months=Buyer’s Market
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
If you are interested in buying or selling Real Estate in South Florida, please call me at (954) 588-7260 or contact me.
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