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
1568 Springside Dr Unit 1568 2 2 959 $290,000 $302 0 days
3325 Bridle Path Ln 5 6 5,793 $2,150,000 $371 196 days
2691 Cypress Ln 5 5 4,750 $1,175,000 $247 305 days
16102 Emerald Estates Dr Unit #203 1 1 796 $230,000 $288 7 days
1991 Pisces Ter 3 2 1,438 $299,000 $207 1 day
16141 Blatt Blvd Unit 404 2 2 1,350 $180,000 $133 0 days
1965 Lake Point Dr 4 2 2,313 $499,000 $215 1 day
1039 Laguna Springs Dr 3 2 1,895 $529,900 $279 1 day
4061 Holly Ct 3 3 2,160 $361,000 $167 1 day
903 Stillwater Ct 5 4 4,457 $793,900 $178 1 day
Average: 3.8 3.5 2,760 $733,860 $250 109 days
Viewing 1 - 10 of 422
Viewing 1 - 10 of 422
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2701 Oakmont Ct 3 3 2,468 $595,000 $241 6 days
146 Dockside Cir 6 5 5,442 $1,147,000 $210 0 days
1504 Springside Dr Unit 1504 2 2 1,018 $288,000 $282 10 days
1230 Peregrine Way 6 5 4,072 $749,867 $184 23 days
3737 Condor Ct 7 3 3,526 $749,000 $212 4 days
3745 San Simeon Cir 4 3 1,738 $399,000 $229 8 days
439 Cambridge Lane 5 4 2,850 $490,000 $171 15 days
1120 Tupelo Way 5 4 2,502 $518,000 $207 17 days
2426 Cordoba Bnd 4 3 1,851 $387,000 $209 7 days
2534 Jardin Dr 5 3 2,810 $835,000 $297 21 days
Average: 4.0 3.2 2,469 $570,012 $219 50 days
Viewing 1 - 10 of 32
Viewing 1 - 10 of 32
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
2746 Center Court Unit #1-32 3 2 N/A $410,000 $390,000 Unknown 30 days 2/27/20
1254 Allamanda Way 4 3 1,861 $500,000 $500,000 $268 7 days 2/27/20
2548 Eagle Run Dr 5 3 3,088 $875,000 $845,000 $273 71 days 2/27/20
2603 Center Court Drive Unit #1-1 3 2 1,560 $430,000 $415,000 $266 81 days 2/25/20
16571 Lake Tree Dr 3 2 1,661 $429,900 $402,000 $242 84 days 2/25/20
2713 Oakmont Ct 3 3 2,388 $620,000 $575,000 $240 134 days 2/24/20
591 Sw 169th Ter 4 3 2,008 $469,000 $460,000 $229 560 days 2/24/20
1510 Springside Dr 3 2 1,151 $299,990 $298,000 $258 3 days 2/21/20
1550 Springside Dr 3 2 1,151 $339,900 $320,000 $278 8 days 2/21/20
709 Stanton Dr 3 2 1,505 $387,500 $387,500 $257 6 days 2/19/20
Average: 3.6 3.0 2,269 $522,273 $499,412 $219 78 days
Viewing 1 - 10 of 463
Viewing 1 - 10 of 463