Weston Real Estate Market Report

or Create your own market report

As a Realtor, one of the most common questions I'm asked is "How's The Market?"

Here you can get a detailed Weston market report or even customize your own report based on neighborhoods. 

As an overview of the market from my perspective, it has definitely been a Seller's Market here in South Florida and Weston has been no exception. Some people believe that's going to change due to COVID, but for now Weston remains a highly desirable place to live, being in the outskirts of Fort Lauderdale. Most communities are gated and people feel very safe here.

The Greater Fort Lauderdale Board of Realtors came out with statistics for the 1st Quarter of 2020 showing that single family homes in Weston only had a 4.1 month supply of inventory.  Keep in mind that 6 months is considered average. In the townhouse / condo category, there was a 5.1 month supply of inventory.  

Currently inventory is low throughout Broward County, so prices are holding steady and even continuing to increase in some areas. If we see a lot of inventory coming on the market in the future, things may change. But for now, inventory for single family homes in Broward County as a whole is only 3.9%. Inventory for townhouses & condos is at 6 months.

If you're not interested in all these statistics and just want to search homes for sale, you can click here to go to my Weston page or click here to go to my home page where you can search anywhere in Broward County.

In the first quarter of 2020, 65 single family homes closed in Weston with a median sales price of $590k. This represents a 2.6% increase over the 1st quarter of 2019. The average list to sales price was 94.9% and the median time from list to contract was 58 days.

Looking at townhouses and condos, there were 27 closed sales in the first quarter of 2020. Interestingly, 48.1% were cash sales. I attribute this to the continued difficulty in financing condos in Florida. Personally I'm hoping that more condos will pursue FHA eligibility, as this would make it so much easier for young people to buy their first home. When I started in Real Estate back in 1998, there were many condos that could be purchased with FHA financing. Now days 20-30% down is typically required on condos.

Continuing on with townhouses and condos, the median sales price in Weston for the first quarter was $230k, representing a 5.5% increase over last year.  The average list to sales price was 96% and the median time from list to contract was 56 days.

If you haven't checked out the market report for your area, what are you waiting for! It's a great tool and it's free! 

Of course if you ever have questions about Real Estate or are thinking of buying or selling, I'd love to hear from you. You can give me a call at 954-557-7036 or email debbie@SouthFLHomes.com.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
589 Stonemont Dr 4 3 2,710 $1,100,000 $405 0 days
No address 1 2 1,012 $355,000 $350 1 day
16200 Golf Club Rd Unit #106 2 3 1,235 $350,000 $283 1 day
1336 Crossbill Ct 6 4 3,894 $1,355,000 $347 2 days
1144 Fairfield Meadows Dr 4 3 2,115 $815,000 $385 2 days
352 Fairway Cir Unit #39 2 2 1,490 $399,000 $267 2 days
53 Whitehead Circle 2 3 1,110 $385,000 $346 3 days
2071 Windward Circle 3 2 1,826 $649,900 $355 4 days
16461 Racquet Club Rd Unit #205 - 0903 2 2 504,000 $24,000 $0.04 5 days
719 Bald Cypress Rd 4 4 2,252 $1,100,000 $488 5 days
Average: 4.0 3.5 5,211 $1,521,023 $393 84 days
Viewing 1 - 10 of 220
Viewing 1 - 10 of 220
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
3269 Muirfield 5 4 3,429 $1,435,000 $418 2 days
48 Gables Blvd 4 2 1,682 $699,000 $415 8 days
938 Falling Water Rd 3 2 1,440 $625,000 $434 5 days
905 Nandina Dr 6 4 3,124 $1,000,000 $320 9 days
1308 Majesty Ter 4 3 1,802 $765,000 $424 8 days
863 Savannah Falls Dr 3 2 1,418 $647,000 $456 12 days
3834 Tree Top Dr 4 3 1,790 $560,000 $312 12 days
363 Ivy Ln Unit #7 2 2 1,640 $413,000 $251 136 days
3743 San Simeon Cir 2 3 1,261 $425,000 $337 19 days
1100 Spyglass 3 2 1,894 $725,000 $382 9 days
Average: 3.9 3.8 2,709 $1,163,720 $393 88 days
Viewing 1 - 10 of 35
Viewing 1 - 10 of 35
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2550 Jardin Lane 5 3 3,050 $1,250,000 $1,150,000 $377 129 days 12/5/22
140 Lakeview Dr Unit #304 2 2 1,106 $309,900 $296,000 $267 12 days 12/2/22
1351 Seagrape Cir 3 2 1,296 $495,900 $485,000 $374 21 days 12/2/22
490 Somerset Way 3 3 1,722 $675,000 $662,500 $384 30 days 12/2/22
16651 Westwood Ln 4 3 2,436 $749,999 $725,000 $297 151 days 12/2/22
341 Lakeview Dr Unit #203 2 2 1,231 $295,000 $276,000 $224 26 days 11/30/22
766 Tulip Cir 5 4 2,798 $930,000 $855,000 $305 36 days 11/30/22
1222 Jasmine Cir 4 4 3,433 $1,595,000 $1,530,000 $445 58 days 11/30/22
522 Carrington Ln 4 3 2,425 $739,000 $750,000 $309 6 days 11/29/22
1953 Pisces Ter 2 2 1,141 $452,555 $410,000 $359 7 days 11/29/22
Average: 3.6 3.0 2,226 $827,810 $797,885 $346 28 days
Viewing 1 - 10 of 430
Viewing 1 - 10 of 430