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
1091 Deerwood Ln 4 3 2,565 $629,000 $245 3 days
1486 Zenith Way 4 2 1,828 $460,000 $251 2 days
1294 Crossbill Ct 4 3 N/A $670,000 Unknown 0 days
3742 Falcon Ridge Cir 4 3 2,242 $559,900 $249 3 days
1574 Victoria Isle Way 5 5 4,985 $1,049,000 $210 2 days
661 Heritage Dr 5 4 2,940 $550,000 $187 1 day
16740 Harbor Ct 3 3 2,342 $529,900 $226 1 day
2315 Columbia 2 2 1,697 $479,900 $282 3 days
1670 Orchid Bnd 6 4 3,170 $720,000 $227 2 days
1947 Harbor View Cir 6 4 2,986 $690,000 $231 3 days
Average: 3.9 3.5 2,828 $774,691 $253 113 days
Viewing 1 - 10 of 416
Viewing 1 - 10 of 416
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1721 Harbour Side Dr 3 2 1,669 $460,000 $275 4 days
3797 Oak Ridge Ln 5 3 2,611 $698,000 $267 12 days
1691 Royal Grove Way 4 3 2,550 $594,000 $232 13 days
1419 Veracruz Ln Unit #1-12 3 3 1,443 $345,000 $239 4 days
2075 Borealis Way 2 2 1,153 $349,000 $302 8 days
230 La Costa Way 3 3 2,391 $485,000 $202 20 days
4353 Pine Ridge Ct 3 2 1,390 $385,000 $276 21 days
823 Garnet Cir 4 3 1,538 $422,000 $274 37 days
217 Riviera Cir Unit #217 3 3 1,263 $289,900 $229 17 days
1996 Andromeda Ln 3 2 1,517 $370,000 $243 1 day
Average: 3.5 2.9 2,136 $504,101 $226 93 days
Viewing 1 - 10 of 70
Viewing 1 - 10 of 70
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1536 Canary Island Dr 3 2 1,420 $400,000 $390,000 $274 31 days 6/1/20
2676 Center Court Dr 3 2 1,560 $399,000 $388,000 $248 48 days 6/1/20
573 Sw 169th Ter 3 2 1,776 $459,900 $460,500 $259 34 days 5/29/20
1360 Seabay Rd 3 2 1,628 $430,000 $422,500 $259 70 days 5/29/20
1496 Lantana Dr 4 4 3,080 $644,900 $606,500 $196 17 days 5/28/20
208 Riviera Cir Unit #67-10 3 3 1,263 $275,000 $260,000 $205 62 days 5/27/20
823 Kapok Way 3 2 1,628 $425,000 $375,000 $230 60 days 5/27/20
16257 Saddle Club Rd Unit #201 2 2 1,235 $192,500 $185,000 $149 243 days 5/27/20
1636 Victoria Pointe Cir 5 5 4,029 $874,900 $840,000 $208 106 days 5/23/20
327 Ivy Ln 2 2 1,640 $295,000 $285,000 $173 14 days 5/22/20
Average: 3.6 3.0 2,258 $541,501 $518,609 $225 80 days
Viewing 1 - 10 of 437
Viewing 1 - 10 of 437