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Single Family Homes Sold in West Broward: 2008-2009 Comparison

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The increase in closed sales can be found all around the West Broward. Interestingly Weston’s increase has not been as abrupt as in other areas. It may be caused by any or the combination of several reasons:

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Written by Ines Garcia | Discussion: No Comments »

Weston Real Estate Market Trends July, 2009

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

Written by Ines Garcia | Discussion: 1 Comment »

Weston Real Estate Market Trends as of April 30,2009

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.

Active/Pending 7 years history by Quarter

Written by Ines Garcia | Discussion: 2 Comments »

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