Is Weston, Florida Selling?
Categories: Real Estate News, Weston
hi
Yeahhhh…
There were 170 single family homes sold in the Weston area last quarter- 90 days back.
Of those homes, the median home price is $399,450. The number of bedrooms is four, and Baths were two. Average square footage is 2,478.50. List price per square foot is $169. The average price that sold for the median home was $371,250. The days on the market averaged around 58 days.
According to Wikipedia, median home price is “the threshold which divides the real estate market into two equal halves, in reference to pricing. One half of all homes in the market were sold at a price above the median home price, while the other half were sold below that price. For example, the median home price in the United States was $213,900 in the fourth quarter of 2005, meaning that half of all homes sold in the US were priced above $213,900, and half were priced below $213,900. In California, the median home price was $548,000.
The median home price is one of the most common measurements used to compare real estate prices in different markets, areas, and periods. It is said to be less biased than the average since it is not as heavily influenced by the top 2% of homes sold. For example, the average home sale price in the US was $264,000 in October 2005, compared with a median home price of $213,900 for the same time period.”
On the High end of the market the list price was $4,499,990. The number of bedrooms was eight and the baths were eight. Average square footage is 9,300. List price per square foot was $508. The average price that sold the high-end market was $3,950,000. Now days on the market was a bit different it took around 787 days to sell.
Average homes list price was $535,004. The numbers of bedrooms 4.11 and number of baths were 2.82. Average square footage is 2,773.38. List price per square foot is $182. The average price that sold for the Average home was $487,285. The days on market were higher than the median home. It was 93.88 days.
Now for the low end of the market the list price was $179,900. Number of bedrooms was two and baths also two. Average square footage is 1,085. List price per square foot is $55. The average price that sold for the Low end $177,000. Days on the market averaged to be zero.
One year ago, the inventory was at 24.03 months of supply. The good news is – we currently have a 13.05 months of supply. This means a decrease of 21% in inventory over last year. We have had an increase in sales of 41.41% over last year. Again – good news!!
Yeahhhh – Weston is selling!
“Information as per MLS,warranted but not guarantee”
Weston’s numbers are looking great!