Weston Single Family Homes Sold April 2012
May 16th, 2012 categories: Bonaventure, Communities, Country Isles, Emerald Estates, Isles at Weston, Savanna, Tequesta, The Falls, The Islands, The Lakes, The Landings, The Meadows, The Ridges, The Springs, Weston Hills Country Club, Windmill Lakes Estates, Windmill Ranch Estates
Weston Remains a Very Active Market
Coincidentally this month last year (April 2011) we had the exact same number of closed sales as this year. The great difference is in the number of active listings which are almost 22% down from last year. The number of Pending Sales increased dramatically making it very competitive.
Distressed Sales (Short Sales and Foreclosures) represent 26.6% of the market which is less than the 32% to 36% average that had been the trend in the last couple of years.
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If you are interested in finding how much your home is worth, please call us at (954) 588-7260 or contact us.
The Following graph shows Single Family Homes Market Data for the last 15 months in Weston:
TOTAL NUMBER OF HOMES SOLD 64
To See Homes Sold by Community click here Read the rest of this entry »
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Weston Single Family Homes Sold March 2012
April 10th, 2012 categories: Bonaventure, Country Isles, Emerald Estates, Isles at Weston, Market Update, San Messina, Savanna, The Falls, The Islands, The Lakes, The Springs, Weston Hills Country Club, Windmill Ranch Estates, Windmill Reserve
Weston’s Real Estate Market Keeps Being HOT!
In the month of March we had … 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
By Type of Transaction
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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Single Family Homes Sold in Weston During February 2012
March 7th, 2012 categories: Country Isles, Emerald Estates, Isles at Weston, Savanna, Sunrise, The Falls, The Islands, The Lakes, The Landings, The Ridges, The Springs, Weston Hills Country Club, Windmill Lakes Estates
41 TOTAL SINGLE FAMILY HOMES SOLD IN WESTON DURING FEBRUARY 2012
Weston’s Real Estate Market has been moving consistently for the last year. We ended the month of February with the lowest number of homes for sale we have had since 2004 with under 300 homes for sale in Weston…
We have also noticed a decrease in the percentage of CASH transactions representing only slightly over 20% compared to the times where they represented over 30% of all transactions. The trend in the percentage of distressed sales (short sales and foreclosures) has been steady for many months now.
To read detailed information of Weston’s Market Trends and Weston Single Family Homes sold by community click read more… Read the rest of this entry »
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Weston Single Family Homes Sold on September 2011
October 13th, 2011 categories: Bonaventure, Country Isles, Emerald Estates, Emerald Isles, Isles at Weston, San Messina, Savanna, Sunrise, The Falls, The Islands, The Lakes, The Landings, The Meadows, The Ridges, The Springs, Weston Hills Country Club, Windmill Ranch Estates
64 Homes Closed in Weston on September 2011
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.
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 visiting this home or to find how much your home is worth, please call us at (954) 588-7260 or contact us.
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Are You A Bank of America or Countrywide Borrower?
August 19th, 2011 categories: General RE Info, Short Sales, Worth Sharing
Good News For You…
Bank of America is committed to help troubled borrowers with Loan Modifications and Short Sales.
To read the complete article written by Oppenheim Law please click on the picture…
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 visiting this home or to find how much your home is worth, please call me at (954) 588-7260 or contact us.
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Understanding Deficiency Judgements-What Happens When You Let Your Home go to Foreclosure?
July 22nd, 2011 categories: Foreclosures, General RE Info, Tips for Sellers, Worth Sharing
Make an Informed Decision…
When we are approached by a Homeowner who is is considering stop or already stopped paying his mortgage we recommend them to talk to a foreclosure defense attorneys to get a good understanding of what they are getting into (Actually it would be better to meet 2 or 3 to get different points of view). A few years ago most attorneys offered a free first consultation but lately we have heard that most of them charge a basic fee for that first consultation; and I find it’s just fair! Even if you have to pay, it’s important to understand the possible consequences of a short sale, a foreclosure or any other option you may be considering. It is your opportunity to ask all the questions you may have.
In our Rotary Club Meeting this morning we had Roy Oppenheim as a guest speaker and he mentioned his Law Blog. We found in his site this great video that can’t explain better what a Deficiency Judgement is and how it can affect YOU.
If you are considering walking away from your home please call us at (954) 588-7260 or contact us and we can provide you with a few names of attorneys you may contact to set up that important meeting and to help you know how much your home is worth in Today’s market.
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.
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Weston Homes Sold in April 2011
May 11th, 2011 categories: Bonaventure, Country Isles, Emerald Isles, Isles at Weston, Market Update, Savanna, Sunrise, The Falls, The Islands, The Lakes, The Meadows, The Ridges, The Springs, Weston Hills Country Club, Windmill Ranch Estates, Windmill Reserve
Weston’s Real Estate Market remains very active!
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… Read the rest of this entry »
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Weston Homes Sold on March 2011
April 10th, 2011 categories: Bonaventure, Country Isles, Emerald Estates, Isles at Weston, Market Update, Savanna, Tequesta, The Falls, The Islands, The Lakes, The Ridges, The Springs, Weston Hills Country Club, Windmill Ranch Estates
59 Homes Closed in Weston
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…
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Weston Homes Closed On February 2011
March 7th, 2011 categories: Bonaventure, Country Isles, Emerald Estates, Isles at Weston, Market Update, San Sebastian, Savanna, Sunrise, The Falls, The Islands, The Lakes, The Meadows, The Ridges, Tips For Buyers, Weston Hills Country Club
Weston Single Family Homes Sales are consistent with the time of the year. For a list of single family homes sold during the month of February read more…
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Fannie Mae Launches www.KnowYourOptions.com
January 18th, 2011 categories: Foreclosures, General RE Info, Short Sales, Tips for Sellers
A Comprehensive Site…with an explanation of every possible option to guide you through tough times; even a link to free housing councelors.
We all have heard of the many, but some times hard to get options, to stay in the home. With detailed explanations of the benefits, how does each option works, how to start the process and even videos of people facing similar situations.
Options to Stay in Your Home:
Refinance
Repayment Plan
Forbearance
Modification
Deed-for Lease
Options to Leave Your Home:
Short Sale
Deed-in-Lieu
It is very important to study your options before making a decision like letting go your home to foreclosure. As time goes by Short Sales with some banks are moving faster than in the past I also know a lot of people who have been able to refinance there home. The clue for any of the options is patience and preparation. Provide all the requested information and chances are you will find your best alternative. I have noticed that homeowners get easily discourage if they try to contact their bank and don’t get any feedback…you have to get educated and KEEP TRYING.
Good Luck!!!
If you want to know how much your home is worth and what you can expect if you decide to do a short sale contact me at 954-588-7260.
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