How is Weston’s Real Estate Market Doing?
August 30th, 2010 categories: General RE Info, Market Update
It Depends on Where and the Price Point you are looking at!
Unless you have been living in a Bubble or too Busy getting your kids back to school you have heard terrible news about the economy and the housing Market.I understand that the only way to look at trends is with bulk numbers but when you hear the news you have to make sure you take a closer look before getting anxious.
It’s true the Real Estate Market is very sensitive to perceptions but numbers don’t lie and you have to look at the Sub-Markets and draw your own conclusions…
This Graph represents the behavior of the Single Family Home Market of properties priced Under 500K. Invetories have increased a little and closed sales decreased. As you can see closed sales have erratically moved in the last 15 months but except from the months prior to the two tax credit expiration deadlines pending sales have been trending up.
One of the numbers we follow closely, more than increase or decrease of units sold, to determine how healthy is the market would be is the relationship between homes for sale and homes pending/sold. Based on this criteria in the last 15 months Weston has been swinging between a balanced market and a seller’s market with less than 6 months of Inventory. You can ask anyone who has been in the market buying properties in Weston under $500,000 how many times they competed against other offers.
To stay updated with what’s going on in Weston and receive my blog posts directly to your inbox subscribe here.
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 call me at (954) 588-7260 or contact me
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Single Family Homes Sold in Weston July 2010
August 12th, 2010 categories: Bonaventure, Communities, Country Isles, Emerald Estates, Isles at Weston, Market Update, San Messina, Savannah, Sunrise, Tequesta, The Falls, The Islands, The Lakes, The Landings, The Ridges, The Springs, Weston Hills Country Club, Windmill Ranch Estates
During the Month of July 2010 56 Single Family Homes were sold in Weston of which:
7 were Short Sales (12%)-One of the lowest percentages in a long time
10 were Foreclosures (18%)
30 were Regular Sales (70%)
The average Sale Price/List Price was 96%. It means that properties are being listed at reasonable prices and in general there is not much room to play with price when presenting offers.
Months of Inventory based on Closed Sales are just a little over 6 months. Months of Inventory indicates if the market is a seller’s or buyer’s market. 6 Months is considered a balanced market.
Almost 77% of the homes closed were under $500,000.00
Information gathered from the Multiple Listing Service as of July 12, 2010
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Weston Florida Single Family Homes Sold on March 2010
April 7th, 2010 categories: Bonaventure, Country Isles, Isles at Weston, Market Update, North Lakes, Properties in Weston, San Remo, Savannah, Tequesta, The Falls, The Islands, The Lakes, The Landings, The Meadows, The Ridges, The Springs, Tips For Buyers, Weston Hills Country Club
In March 2010 there were 63 Closings of Single Family Homes in Weston, Fl. Of those, 32% were “distress sales” (Short Sales and Foreclosures) which is consistent with the trend of the last few months. Fortunately most of our sales are regular sales and based on Month of Inventory Based on Closed Sales we are slightly in a sellers market with several offers competing for the best values. Buyers are being attracted mostly to properties that need little or none work and preferably with upgrades of which they will pay a fraction of the cost.
Weston Hills Country Club
The Ridges
Savanna
Isles at Weston
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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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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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Weston Real Estate Market Trends July, 2009
August 7th, 2009 categories: Market Update
Single Family Homes:
There were 76 Closings in July:
11 Short Sale (SS)
5 Foreclosures (REO)
60 Regular Sales
1 Under $199,999.00
43 Between $200,000.00 and $399,999.00
32 Over $400,000.00
Condos/Townhomes:
There were 20 Closings in July:
5 Short Sale (SS)
4 Foreclosures (REO)
11 Regular Sales
2 Under $199,999.00
13 Between $200,000.00 and $399,999.00
5 Over $400,000.00
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Pembroke Pines Real Estate Market Trends July,2009
August 7th, 2009 categories: Market Update
Single Family Homes West of I-75:
There were 40 Closings in July:
5 Short Sale (SS)
10 Foreclosures (REO)
25 Regular Sales
2 Under $199,999.00
33 Between $200,000.00 and $399,999.00
5 Over $400,000.00
Single Family Homes East of I-75:
There were 63 Closings in July:
12 Short Sale (SS)
15 Foreclosures (REO)
46 Regular Sales
24 Under $199,999.00
34 Between $200,000.00 and $399,999.00
5 Over $400,000.00
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Miramar Real Estate Market Trends July, 2009
August 7th, 2009 categories: Market Update
Single Family Homes West of I-75:
There were 42 Closings in July:
14 Short Sale (SS)
11 Foreclosures (REO)
17 Regular Sales
3 Under $199,999.00
25 Between $200,000.00 and $399,999.00
14 Over $400,000.00
Single Family Homes East of I-75:
There were 57 Closings in July:
12 Short Sale (SS)
34 Foreclosures (REO)
11 Regular Sales
37 Under $199,999.00
20 Between $200,000.00 and $399,999.00
0 Over $400,000.00
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Cooper City Real Estate Market Trends July,2009
August 7th, 2009 categories: Market Update
Single Family Homes:
There were 25 Closings in July:
1 Short Sale (SS)
7 Foreclosures (REO)
17 Regular Sales
6 Under $199,999.00
18 Between $200,000.00 and $399,999.00
1 Over $400,000.00
Condos/Townhomes:
There are 15 properties under Contract but there were no Closings in the month of July 2009
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