Westonplace Realtor expert in short sales, foreclosures, loan modification, relocation and international investment property

Weston Residential

loan modificaiton, short sales, foreclosures, REOs
residential and commercial investment property
Weston, Pembroke Pines, Plantation, Davie, Miami

A top agent at Keller Williams Realty Weston

* 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

Weston Real Estate Activity 2011

Multiple Listing Market Data

Jan	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	476	114	45	436,711	370,000		69
Condo/Thses	325	74	35	14,1000	106,000		66

Month Totals	801	188	80
(last month)	778	119	59

Feb	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	383	91	20	408,000	375,000		146
Condo/Thses	223	58	17	117,642	112,000		114

Month Totals	606	149	37
(last month)	801	188	80

Mar	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	504	121	53	408,171	352,500		88
Condo/Thses	263	41	27	111,260	107,200		114

Month Totals	767	162	80
(last month)	606	149	37

* 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.

APR	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	420	119	40	418,000	378,750		70
Condo/Thses	232	50	25	122,500	116,000		99

Month Totals	652	169	65
(last month)	767	162	80

MAY	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	356	117	28	429,000	405,000		60
Condo/Thses	201	60	24	133,753	125,000		85

Month Totals	557	177	52
(last month)	652	169	65

JUN	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	468	104	57	515,158	440,000		89
Condo/Thses	238	43	29	128,710	115,000		56

Month Totals	706	147	86
(last month)	557	177	52

JUL	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	341	110	21	522,376	399,900		81
Condo/Thses	162	34	18	120,242	116,000		122

Month Totals	503	144	39
(last month)	706	147	86

AUG	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	429	92	37	426,328	402,000		70
Condo/Thses	199	45	38	141,821	133,750		109

Month Totals	628	137	65

SEPT	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	354	102	24	446,596	376,550		95
Condo/Thses	150	61	26	159,788	125,000		50

Month Totals	504	163	50

OCT	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	453	113	35	603,617	470,000		91
Condo/Thses	190	54	34	129,204	123,100		61

Month Totals	643	167	69

NOV	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	317	71	22	423,558	404,000		58
Condo/Thses	151	44	24	140,524	135,000		98

Month Totals	468	115	46

DEC	INVENTORY	NEW ON MRKT	New Contracts	Average Sales Price	* Median Sale Price	Change	Average Days to Sell
Houses	401	57	33	393,700	326,000		73
Condo/Thses	172	30	32	163,793	139,000		104

Month Totals

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 less than 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.

The "Buble" Market of 2004 - 2005

Can you see from this chart when the party for speculators was over?

Although information is believed to be accurate, it is not warranted.