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.

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

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

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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If you want more information, or interest in a city/community not listed here please leave a comment or contact me.

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

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.

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.