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
4429 Stone Ridge Way 4 3 2,536 $810,000 $319 1 day
2799 Center Ct Dr Unit #2799 3 3 2,290 $630,000 $275 2 days
1530 Coronado Rd 2 3 1,131 $358,000 $316 1 day
3612 San Simeon Cir 3 3 1,443 $365,000 $252 2 days
1773 Aspen Ln 3 2 1,546 $499,999 $323 1 day
140 Lakeview Dr Unit #306 1 2 845 $206,000 $243 3 days
2443 Provence Circle 5 4 4,221 $1,299,000 $307 1 day
3807 Oak Ridge Cir 5 3 3,115 $899,900 $288 1 day
3836 Pine Lake Dr N/A N/A N/A $900,000 Unknown 8 days
459 Fishtail Ter 3 2 1,400 $492,500 $351 2 days
Average: 3.8 3.6 2,750 $932,260 $311 58 days
Viewing 1 - 10 of 145
Viewing 1 - 10 of 145
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
792 Regal Cove Rd 5 4 3,979 $1,100,000 $276 1 day
1537 Garden Rd 3 2 1,315 $399,999 $304 4 days
180 Montclaire Dr 5 4 3,187 $795,000 $249 0 days
1010 Bluewood Ter 3 2 N/A $499,000 Unknown 5 days
2055 Borealis Way 3 2 1,292 $400,000 $309 6 days
16728 Sapphire Spgs 4 2 2,116 $549,900 $259 12 days
120 Lakeview Dr Unit #302 2 2 1,106 $220,000 $198 6 days
1485 Majesty Ter 3 2 1,533 $495,000 $322 6 days
375 Fairway Cir Unit #55 3 2 1,500 $350,000 $233 8 days
983 Crestview Cir 4 4 3,073 $899,000 $292 12 days
Average: 3.6 2.9 2,265 $728,828 $273 36 days
Viewing 1 - 10 of 86
Viewing 1 - 10 of 86
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
901 Garnet Cir 3 2 1,412 $490,000 $470,000 $332 13 days 6/18/21
985 Spoonbill Cir 4 3 2,370 $725,000 $753,800 $318 3 days 6/18/21
16552 S Botaniko Dr S 5 7 4,301 $1,895,000 $1,895,000 $440 26 days 6/18/21
1547 Springside Dr Unit #1547 2 2 1,638 $350,000 $350,000 $213 17 days 6/16/21
1896 Aspen Ln 5 4 2,672 $615,000 $615,000 $230 5 days 6/15/21
2037 Montpeliar 3 2 1,547 $540,000 $555,000 $358 4 days 6/15/21
4331 Vineyard Cir Unit #4331 2 3 1,386 $369,900 $370,000 $266 16 days 6/15/21
4128 Forest Dr 3 3 1,605 $420,000 $420,000 $261 4 days 6/15/21
1510 Sunset Way 3 2 1,347 $429,900 $433,000 $321 27 days 6/15/21
933 Falling Water Rd 3 2 1,672 $470,000 $500,000 $299 9 days 6/15/21
Average: 3.7 3.1 2,346 $636,639 $621,596 $254 43 days
Viewing 1 - 10 of 687
Viewing 1 - 10 of 687