The Market has been very active and we have less than 6 months of Inventory based on Closed Sales for all prices in Weston. In certain price ranges we have less that 4 months of Inventory based on Closed Sales. Under 6 months of Inventory shows a Seller’s Market and we have experience in both our listings and with our Buyers a trend to receive multiple offers.

There were an unusual number (TEN) of transactions with seller’s contribution which represent almost 15% of the total transactions. Seller’s Contributions ranged from $700 to $ 12,451.

Homes Sold By Development:

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Information obtained through the Multiple Listing Service

The number of sales in consistent with the regular sales trend in Weston for the month of January. The Number of distress sales follows the market steady percentage that has been the norm in the last months.

Sales by Community:

INFORMATION OBTAINED THROUGH THE MULTIPLE LISTING SERVICES AS OF 02/07/2011

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Based on the Method of Payment only 16% were paid in Cash and the rest were financed:

The percentage of Distressed Sales (Short Sales and Foreclosures) was 46%:

Homes Sold over $ 7000,000

Homes Sold between $500,000 and $700,000

Homes Sold between $400,000 and $500,000

Homes Sold between $300,000 and $400,000

Homes Sold under $300,000

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.

Detailed View of All Single Family Homes Sold in Weston on March 2010 (Data Obtained through MLS as of 4/7/2010)

Weston Hills Country Club

The Ridges

Savanna

Isles at Weston

The Landings

The Meadows

The Springs

The Islands

The Lakes

Country Isles

Bonaventure

Coral Harbour

Tequesta

The Falls

Emerald Courts

San Remo

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.

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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.

For a list of the Properties Listed in the last 7 days as of Oct 28,2009 click here.

How Weston’s single Family Home Market looks Today?

Active Listings: 320
Of those 103 (32%) are Short Sales and 7 are Foreclosures
There are 106 Homes for Sale under $ 400,000. 00, of those 54 (50%) are Short Sales

Closed Sales in the Last 30 Days: 63
Months of Inventory based on Closed Sales: 5
This indicates a low inventory and a Seller’s Market

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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