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Weston Single Family Homes Sold During April 2013

Weston Real Estate Market Gets Hotter as the Summer Arrives…

Weston’s Real Estate activity keeps a fast pace. On April 2013 we had 75 Closed Sales and the Months of Inventory based on closed sales remain under 3 months. Multiple offers are “multiplying” and I have heard of properties receiving over 20 offers within a couple of days of being in the market. Even though it is a trend it doesn’t apply to any property, the most favored are the newest homes in ready to move in conditions.

The Numbers tell the story…. the number of distressed sales is significantly lower that it has been in the last couple of years. The time for getting deals is gone!!! Cash purchases are still a very high percentage of all transactions leaving low down payment buyers almost out of the game.

To see a detailed list of Homes sold By Community please click on Read the rest of this entry »

Written by Ines Garcia | Discussion: 5 Comments »

South Florida Real Estate Market Update 1Q 2013

Ron Shuffield’s latest Market Update. Looking Good!

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

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: 44 Comments »

Miami-Dade Real Estate Market/Mercado de Bienes Raices en Miami-Dade

A Picture is worth more than a Thousand Words/Una Imagen dice mas que 1.000 Palabras

5.4

Months of Inventory Based on Closed Sales (last 10 years)
Meses de Inventario basado en Ventas Cerradas (ultimos 10 años)dade for sale sold

For Sale & Sold by Number of Units (last 10 years)
A la Venta y Vendidas por Numero de Unidades (ultimos 10 años)

MEDIAN PRICES

MEDIAN PRICES – PRECIO MEDIO

2nd Quarter 2003 / 2do Trimestre 2003- $ 164,000
2nd Quarter 2013 / 2do Trimestre 2013 – $ 180,000 (9.75% Increase/Incremento)

Peak of the Market / Mercado mas Alto- February/Febrero 2007 – $ 326,000
Bottom of the Market/Mercado mas Bajo – February/Febrero 2011 – $121,000

Increase from Bottom to Feb 2013 / Incremento desde el Mercado mas Bajo:  48.76%

You don’t have to be a Real Estate Guru to figure out what’s going on in the Real Estate Market in Miami-Dade. The last few months look very similar to the time where the market was pretty stable before it got overheated. Months of Inventory in Miami-Dade based on Closed Sales is 5.4 months as of February 2013 which is referred as a Sellers’ Market (A Seller’s Market is when Months of Inventory is below 6 months). This is based on all types of properties, all price ranges and type of transactions….in some segments it is even less. Taking into consideration these numbers we can say that the Market Outlook is very positive.

No hace falta ser un gurú inmobiliario para averiguar lo que está pasando en el mercado de bienes raíces en Miami-Dade. Los últimos meses se parecen mucho al tiempo en que el mercado era bastante estable antes de que se sobrecalentara. Meses de Inventario en Miami-Dade. basado en las unidades cerradas es de 5,4 meses, a finales de Febrero del 2013, que se considera como un Mercado de Vendedores (un Mercado de Vendedores es cuando Meses de Inventario basado en Ventas Cerradas es inferior a 6 meses). Esto es basado en todos los tipos de propiedades, todos los rangos de precio y tipos de transacciones… en algunos segmentos es incluso mucho menos.Teniendo en cuenta estas cifras, podemos decir que las perspectivas del mercado son muy positivas.

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 buy 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.

Source: MLS and Trendgraphix. The data is provided for informative purposes and doesn’t imply that the authors were involved directly in all of these transaction

Written by Ines Garcia | Discussion: 16 Comments »

Broward Real Estate Market/Mercado de Bienes Raices en Broward

A Picture is worth more than a Thousand Words/Una Imagen dice mas que 1.000 Palabras

broward moi 4.1

Months of Inventory Based on Closed Sales (last 10 years)
Meses de Inventario basado en Ventas Cerradas (ultimos 10 años)broward for sale sold

For Sale & Sold by Number of Units (last 10 years)
A la Venta y Vendidas por Numero de Unidades (ultimos 10 años)

MEDIAN PRICES – PRECIO MEDIO

2nd Quarter / 2do Trimestre 2003- $ 147,000
2nd Quarter /
2do Trimestre 2013 – $ 140,000 (4.7% % Decrease/Disminucion)

Peak of the Market / Mercado mas Alto- August/Agosto 2005 – $ 278,000
Bottom of the Market/Mercado mas Bajo – February/Febrero 2011 – 97,000

Increase from Bottom to Feb 2013 / Incremento desde el Mercado mas Bajo:  44.32%

You don’t have to be a Real Estate Guru to figure out what’s going on in the Real Estate Market in Broward. The last few months look very similar to the time where the market was pretty stable before it got overheated. Months of Inventory in Broward based on Closed Sales is 4.1 months as of February 2013 which is referred as a Sellers’ Market (A Seller’s Market is when Months of Inventory is below 6 months). This is based on all types of properties, all price ranges and type of transactions….in some segments it is even less. Taking into consideration these numbers we can say that the Market Outlook is very positive.

No hace falta ser un gurú inmobiliario para averiguar lo que está pasando en el mercado de bienes raíces en Broward. Los últimos meses se parecen mucho al tiempo en que el mercado era bastante estable antes de que se sobrecalentara. Meses de Inventario en Broward basado en las unidades cerradas es de 4,1 meses, a finales de Febrero del 2013, que se considera como un Mercado de Vendedores (un Mercado de Vendedores es cuando Meses de Inventario basado en Ventas Cerradas es inferior a 6 meses). Esto es basado en todos los tipos de propiedades, todos los rangos de precio y tipos de transacciones… en algunos segmentos es incluso mucho menos.  Teniendo en cuenta estas cifras, podemos decir que las perspectivas del mercado son muy positivas.

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.

Source: MLS and Trendgraphix. The data is provided for informative purposes and doesn’t imply that the authors were involved directly in all of these transactions.

Written by Ines Garcia | Discussion: No 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 »

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 »

Written by Ines Garcia | Discussion: No 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 »

Weston and Nearby Communities Homes Sold by Type of Transaction

SF Homes Sold Between January and July 2012

We keep track of Weston’s Housing Market very closely and we find it’s very important to check every few months how our real estate performs compared with other nearby communities. Many of our Buyers when looking to buy in Weston also consider these other cities.

Weston has performed very well compared with neighboring cities with slightly over 30% of distressed sales and the lowest percentage of foreclosures. Compared with SW Ranches which is a very small market, Weston’s numbers shows a very “healthy”* market.
* The use of the word healthy we know may be audacious, we mean…. healthier than other markets by contrast.

Weston’s Real estate market was the last the feel the pain of the market downturn and the first to show signs of recovery.

Broward Homes Sold Jan-July 2012 by type of Transaction

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.

Source: MLS and Trendgraphix. The data is provided for informative purposes and doesn’t imply that the authors were involved directly in these transactions.

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 »

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