Number of Units Sold Keeps Increasing In South Florida
May 14th, 2011 categories: General RE Info, Market Update, Tips For Buyers
South Florida Market Update as of May 2011
Ron Shuffield is EWM Realtors President and South Florida Real Estate Numbers’ Guru.
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If you are interested in buying or selling, please call me at (954) 588-7260 or contact me.
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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 Single Family Homes Sold August 2009
September 3rd, 2009 categories: Market Update, Tips For Buyers, Tips for Sellers
As of Today 45 Properties Have Been Reported Closed in the MLS on August 2009.
| Type of Sale | Closed Sales | % of Closed Sales | % of Active Listings |
| Regular Sales | 32 | 71% | 63% |
| Short Sales | 9 | 20% | 33% |
| Foreclosures | 4 | 9% | 4% |
The Percentage of Short Sales has decreased only slightly, On April Short Sales Listings represented 35% of the Active Inventory. Foreclosures are still very low in Weston. When they are listed they sell very fast and with multiple offers. In our experience buyers are trying to avoid Short Sales as much as they can, the process even though has been streamlined it’s still filled with uncertainties.
TYPE of FINANCING:
Conventional 27
Cash 9
FHA 7
VA 1
Other 1
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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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How West Broward Real Estate Markets Compare?
June 18th, 2009 categories: General RE Info, Tips For Buyers, Tips for Sellers
West Broward Real Estate Market Comparison
The Real Estate Market in West Broward is definitely leaning towards being a balanced market. The long term trend is still uncertain. The summer is the most active time of the year for these neighborhoods but the performance year-to date sets a very positive trend. Compared to many other neighborhoods West Broward is doing very well.
Interestingly in Pembroke Pines West Months of Inventory based on the last 30 days Closed sales shows signs of being a Buyer’s Market. I know it sounds an overstatement but the numbers don’t lie. The percentage of Short sales Listings in all the area is still very high running from 34% to 50%. In most areas, except Weston, Short Sales represent more than 50% of the active inventory. Challenging as Short Sales are, whoever is looking to buy specially in the Lower prices will have to seriously consider going through the pains of a Short Sale Process.
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Weston Real Estate Market Trends as of April 30,2009
May 4th, 2009 categories: Market Update, Tips For Buyers
Weston’s Single Family Homes Market is Getting in Balance
As of the end of April the Number of active listings has decreased in 266 units compared to 779 active listings at the end of March 2009.(almost a 35% reduction).
Active Listings: 513 units
Pending Sales: 148 units
Closed Sales: 50 units
Interesting Facts about Active Listings:
-Decrease in the percentage of Short Sales Listings from 38% to 35%
-Just a handful of Foreclosures (REO’s)
-In the Peak of the Market (Winter of 2004) – there were 121 Active Listings in Weston
-In the Bottom of the Market (Spring 2008) -there were 1204 Active Listings in Weston
-With 50 Closed Sales per month we would be in a balanced market if the number of Active Listings = between 450 and 500 units (9 to 10 months of inventory based on Closed Sales). We are almost there!
Interesting Facts about Pending Sales:
-Based on Pending Sales we have 3.5 months of inventory = A Seller’s Market
-There are some listings showing pending for almost a year, most of them Short Sales.
Interesting Facts about Closed Sales:
-Closings prices in most cases are very close to listed price and some sales have been above asking price.
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