* Market Data from MLS
| Selling your property? |
Make sure to hire the right agent ... Experience wtih a 'down market' is crucial... most agents have none! |
| The decline of home prices has been made worse as a result of agents listing property when sellers had no reason to be selling at all ... except that they were in a panic! |
THE SHORT SALE OUT
If you owe more than what your home is worth and have to sell call us, we can assit you in getting you a short sale contract by which bank provides you with an out and your credit is not affected as much.
|
call us to evaluate your home
(954) 531-8100 |
| HOMES |
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City of Weston Market Activity 2010
From Multiple Listing Data |
| |
| JAN |
INVENTORY |
|
NEW ON MRKT |
|
New Contracts |
|
Average Sales Price |
|
* Median
Sale Price |
Change |
Average Days to Sell |
|
| Houses |
438 |
|
129 |
|
55 |
|
410,738 |
|
315,000 |
 |
47 |
|
| Condo/Thses |
309 |
|
69 |
|
18 |
|
147,600 |
|
145,000 |
|
64 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Month Totals |
747 |
|
198 |
|
73 |
|
|
|
|
|
|
|
| (last month) |
705 |
|
118 |
|
53 |
|
|
|
|
|
|
|
|
| |
|
| |
| Feb |
INVENTORY |
|
NEW ON MRKT |
|
New Contracts |
|
Average Sales Price |
|
* Median
Sale Price |
Change |
Average Days to Sell |
|
| Houses |
|
|
|
|
|
|
|
|
|
|
|
|
| Condo/Thses |
|
|
|
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Month Totals |
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|
|
|
|
|
|
|
|
|
|
| (last month) |
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| REMARKS: |
| The market has found some stability and the numbers remain stronger at the end of 2009 than in 2008. The number of available property for sale has declined which will bring supply and demand forces into play in the months to come. The outlook is of higher prices in 2010. |
|
| * Median Price |
It is the mid-point and in any given period, the median sales price represents that price where an equal number of sales were below it and above it... it is not the average. For example, in the series of numbers 1,2,5,10,12, the median number is 5, whereas the average would be 6. |
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Direction of change from previous month |
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| 2010 Market Outlook for Weston Florida |
Prices will continue to increase accross the board as the inventory drops to more reasonable levels. The panic seems to be over and buyers are begining to pay higher prices for our properties in the best areas of the city.
Weston is one city where inventory has come down about to one half of the levels in late 2008. This is a good sign for sellers who have been hit hard by prices declines of almost 40-50%!! from the highest in 2005.
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