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Martha Chamberlain, P.A.

Weston Florida’s Stats

Jun 23rd 2009

Categories: Community Information, Real Estate News, South Florida Market Stats, Weston

hi

“The Universe has a plan to make sure we don’t ever stop learning, not only in our minds, But also in our Hearts.”

Pam Houston………….

Weston,Florida is having some good things happening and some not so good things.  Of course the not so good  really isn’t that bad but it’s another challenge for us Realtors.  On the graphs listed below are Weston’s Real Estate Market Analysis. Price Analysis , and Inventory Report.   The criteria is actives, pending, and closed sales going  back 90 days.  There was no specific price criteria.

The good things in Weston are we are selling properties.  The “bad” news is our inventory is down.  If you are looking for “the home” that’s under $300,000 or close to it you will be in for a challenge.  But everyone needs a challenge once in a while.  I’m not saying that this price range isn’t available I’m saying it’s not at every corner anymore.

We are having multiple offers submitted on our listings now.  The short sale homes can only submit one offer at a time, where the REO or foreclosures can submit all offers till bank excepts one.  Although I have had the scenario where the bank comes back after multiple offers and tells everyone to put one more offer in and make it their highest and best offer.  The bank then chooses from that.  Again, it’s not always the highest offer that wins the house.

MARKET ANALYSIS
Property Type: Single Family (RE1) Status: Active-Available, Pending Sale, Closed Sale Number of Properties: 797
Beds Baths SqFt Listing Price LP/SqFt Selling Price SP/SqFt SP/LP DOM
High 12 12 21,188 $13,500,000 $2,234 $3,900,000 $488 110.19% 773
Low 2 2 591 $115,000 $53 $159,357 $65 0.94% 0
Average 4.26 3.02 3,065.94 $682,627 $200 $443,700 $161 92.64% 106.98
Median 4 3 2,593 $439,000 $178 $345,000 $154 94.47% 43

PRICE ANALYSIS REPORT

Property Type: Single Family (RE1) Status: Active-Available, Pending Sale, Closed Sale Number of Properties: 797
Price Range Quantity Average DOM Summary List Price Sale Price
$149,999 or under 1 203 High $13,500,000 $3,900,000
$150,000 – $199,999 27 129.22 Low $115,000 $0
$200,000 – $249,999 71 117.96 Average $682,627 $415,677
$250,000 – $299,999 88 87.98 Median $439,000 $336,000
$300,000 – $349,999 81 96.86
$350,000 – $399,999 89 111.76
$400,000 – $449,999 68 92.03
$450,000 – $499,999 65 82.35
$500,000 – $549,999 46 147.52
$550,000 – $599,999 37 34
$600,000 – $699,999 59 79.83
$700,000 – $799,999 47 136.18
$800,000 – $899,999 19 135.75
$900,000 – $999,999 10 0
$1,000,000 or over 89 144.06
Total 797 106.98

INVENTORY REPORT

Property Type: Single Family Status: Active-Available, Pending Sale, Closed Sale Number of Properties: 797
Count Total Price Average Price Median Price Average DOM
Active 455 $382,356,663 $840,344 $499,000 93.89
Pending Sale 164 $74,120,422 $451,954 $363,500 111.59
Closed Sale 178 $87,535,870 $491,775 $359,450 103.4
Total 797 $544,012,955 $682,576 $439,000 106.98

This article was written by:

Martha Chamberlain, P.A.
chamberlain.m@ewm.com

Weston Town Center

You can also contact Martha by leaving a comment below.



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