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
643 Lake Blvd 5 4 3,243 $649,000 $200 Unknown
1032 Sandalwood Ln 4 3 2,854 $600,000 $210 Unknown
16491 Blatt Blvd Unit #101 2 2 1,220 $227,000 $186 0 days
1578 Coronado Rd Unit #2-34 3 3 1,443 $335,111 $232 0 days
3099 Lake Ridge Ln 6 7 6,980 $2,765,000 $396 0 days
4094 Cinnamon Way 6 4 3,030 $750,000 $247 1 day
19252 S Hibiscus 5 4 3,087 $645,000 $208 1 day
4409 Laurel Pl 5 4 3,141 $748,000 $238 2 days
1539 Island Way 5 5 5,108 $999,900 $195 Unknown
547 Bridgeton Rd 3 2 1,747 $349,999 $200 Unknown
Average: 4.1 3.6 3,107 $760,072 $233 125 days
Viewing 1 - 10 of 459
Viewing 1 - 10 of 459
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
827 Hawthorn Ter 6 4 3,421 $593,300 $173 Unknown
916 Gulfstream Court 6 6 5,762 $1,050,000 $182 Unknown
252 Fairway Cir Unit 94 2 2 N/A $278,000 Unknown Unknown
893 Crestview Cir 4 3 3,673 $599,900 $163 Unknown
426 Stonemont Dr 4 3 3,397 $625,000 $183 Unknown
1835 Park Ave 4 3 3,129 $525,000 $167 Unknown
19141 S Hibiscus St 5 3 3,963 $699,000 $176 Unknown
No address 4 3 2,482 $429,950 $173 Unknown
16072 Fairway Cir Unit 7 3 2 1,500 $308,000 $205 Unknown
1280 Manor Dr 4 4 4,616 $915,000 $198 Unknown
Average: 3.6 3.2 2,907 $522,928 $183 N/A day
Viewing 1 - 10 of 30
Viewing 1 - 10 of 30
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
342 Lakeview Dr Unit #102 2 2 1,256 $199,500 $199,500 $158 36 days 3/20/19
16730 Sapphire Ct 4 3 2,812 $560,000 $535,000 $190 99 days 3/20/19
4414 Foxtail Ln 3 2 2,286 $439,500 $410,000 $179 Unknown 3/19/19
4026 W Whitewater Ave 4 3 2,476 $595,000 $595,000 $240 62 days 3/19/19
16541 Royal Poinciana Dr 3 3 4,718 $668,000 $637,000 $135 Unknown 3/18/19
16694 Golfview Dr 5 4 3,422 $495,000 $465,500 $136 Unknown 3/18/19
1344 Seagrape Cir 2 2 959 $280,000 $265,000 $276 36 days 3/15/19
4364 Fox Ridge Dr 4 3 2,740 $549,933 $552,000 $201 42 days 3/15/19
1324 Veracruz Ln 3 3 1,443 $335,500 $318,000 $220 49 days 3/15/19
3171 Inverness 6 6 6,234 $1,690,000 $1,600,000 $256 51 days 3/15/19
Average: 3.6 3.0 2,445 $514,566 $489,768 $202 115 days
Viewing 1 - 10 of 464
Viewing 1 - 10 of 464