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's definitely a Seller's Market here in South Florida! Weston is no exception. The Greater Fort Lauderdale Board of Realtors came out with statistics for the 1st Quarter of 2017 showing that single family homes in Weston only had a 2 month supply of inventory.  Keep in mind that 6 months is considered average! In the townhouse / condo category, there was only a 1.1 month supply of inventory.  

This goes to show that Weston is certainly a highly desirable area! Compare this with the averages for Broward County as a whole. Single family in Broward had a 3.3 month supply of inventory and for townhouses & condos, a 6 month supply.

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 2017, 130 single family homes closed in Weston with a median sales price of $499,500. This represents a 9.2% increase over the 1st quarter of 2016. The average list to sales price was 94.8% and the median time from list to contract was 94 days.

Looking at townhouses and condos, there were 57 closed sales in the first quarter of 2017. Interestingly, 31 (more than half) 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. 

Continuing on with townhouses and condos, the median sales price in Weston for the first quarter was $205k, surprisingly representing a 5.5% decrease over last year.  The average list to sales price was 95.5% and the median time from list to contract was 64 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
1139 Cedar Falls Dr 4 3 2,352 $569,999 $242 0 days
2625 Weston Rd N/A N/A N/A $3,500,000 Unknown 1 day
212 Riviera Cir 3 3 1,322 $270,000 $204 1 day
1623 Blue Jay Cir 5 4 3,051 $645,000 $211 76 days
1591 Harbour Side Dr 3 2 1,800 $449,000 $249 2 days
16552 S Botaniko Dr S 4 7 4,301 $1,989,000 $462 2 days
911 Lavender Cir 6 4 3,394 $725,000 $213 1 day
322 Fairway Cir 3 2 1,500 $320,000 $213 1 day
150 Lakeview Dr Unit 104 2 2 1,225 $238,900 $195 1 day
2066 Madeira Dr Unit #2066 3 3 1,469 $350,000 $238 41 days
Average: 3.9 3.6 2,827 $763,876 $250 113 days
Viewing 1 - 10 of 401
Viewing 1 - 10 of 401
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
3679 San Simeon Cir Unit 3679 2 2 1,035 $284,000 $274 0 days
1613 Salerno Cir 3 2 1,542 $410,000 $265 11 days
644 Cambridge Ter 4 3 2,491 $529,900 $212 27 days
1105 Bluewood Ter 4 4 2,326 $509,900 $219 8 days
19168 Crystal St 5 4 3,041 $639,000 $210 34 days
764 Heritage Way 4 3 2,395 $500,000 $208 36 days
4138 Forest Dr Unit 4138 4 3 1,766 $379,000 $214 15 days
1149 Falls Blvd 4 3 2,119 $488,000 $230 11 days
108 Gables Blvd 5 4 2,585 $479,999 $185 32 days
16401 Golf Club Rd Unit 203 2 3 1,260 $229,000 $181 21 days
Average: 4.0 3.3 2,383 $514,619 $219 53 days
Viewing 1 - 10 of 20
Viewing 1 - 10 of 20
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
4107 Laurel Ridge Cir 5 3 2,763 $630,000 $600,000 $217 231 days 12/6/19
4279 Fox Ridge Dr 4 3 2,142 $498,000 $479,000 $223 98 days 12/6/19
1884 Salerno Cir Unit #1884 2 2 969 $265,000 $255,000 $263 98 days 12/6/19
2147 Madeira Dr 3 3 1,469 $345,000 $335,000 $228 29 days 12/5/19
140 Lakeview Dr Unit #301 2 2 1,106 $179,900 $174,000 $157 148 days 12/5/19
1581 Harbour Side Dr 3 3 1,893 $419,900 $408,000 $215 28 days 12/4/19
4371 Laurel Ridge Cir 4 3 2,242 $585,888 $578,000 $257 48 days 12/4/19
16400 Golf Club Rd Unit #103 2 3 1,235 $189,900 $189,900 $153 95 days 12/4/19
429 Lakeview Dr Unit #202 2 2 1,231 $216,900 $210,000 $170 38 days 12/3/19
1241 Allamanda Way 6 4 3,170 $720,000 $665,000 $209 70 days 12/3/19
Average: 3.5 3.0 2,215 $504,033 $480,593 $215 69 days
Viewing 1 - 10 of 543
Viewing 1 - 10 of 543