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
68 Gables Blvd 4 3 2,562 $558,000 $217 18 days
No address 2 3 1,110 $259,500 $233 1 day
818 Golden Cane Dr 3 2 1,424 $462,000 $324 1 day
2402 Deer Creek Rd 4 3 3,696 $900,000 $243 2 days
2853 Executive Park Dr N/A N/A N/A $1,300,000 Unknown 7 days
16512 S Botaniko Dr S 5 7 4,301 $1,605,000 $373 1 day
140 Lakeview Dr Unit #101 2 2 1,106 $220,000 $198 6 days
240 Lakeview Dr Unit #205 2 2 1,106 $217,000 $196 2 days
990 Nautica Dr 5 5 4,985 $1,221,000 $244 1 day
648 Sand Creek Cir 3 2 1,505 $418,613 $278 2 days
Average: 3.7 3.5 2,663 $746,349 $257 96 days
Viewing 1 - 10 of 243
Viewing 1 - 10 of 243
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
557 Stonemont Dr 4 4 3,899 $629,999 $161 3 days
859 Verona Lake Dr 5 4 2,955 $675,000 $228 10 days
1909 Andromeda Ln 3 2 1,577 $383,000 $242 12 days
4272 Vineyard Cir Unit #4272 3 3 1,605 $370,000 $230 7 days
351 Fairmont Way 4 3 2,627 $625,000 $237 6 days
229 Mallory Ct Unit #229 1 2 960 $255,000 $265 18 days
301 Racquet Club Rd Unit 102 1 1 812 $147,900 $182 21 days
16640 Greens Edge Cir Unit #90 3 2 1,393 $364,900 $261 7 days
333 Cambridge Dr 4 3 2,316 $598,000 $258 7 days
770 Sorrento Dr 2 3 1,261 $312,000 $247 23 days
Average: 3.6 3.0 2,236 $564,835 $244 62 days
Viewing 1 - 10 of 108
Viewing 1 - 10 of 108
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1546 Barcelona Way Unit #1-20 3 3 1,443 $360,000 $332,500 $230 3 days 11/30/20
No address 4 3 2,133 $565,000 $570,000 $267 6 days 11/30/20
1816 Harbor View Cir 7 5 3,429 $789,000 $765,000 $223 33 days 11/30/20
301 Racquet Club Rd Unit #208 1 2 845 $148,500 $145,000 $171 21 days 11/25/20
611 Racquet Club Rd Unit #2 3 2 1,271 $289,500 $283,500 $223 9 days 11/25/20
1294 Chinaberry Dr 5 4 2,480 $600,000 $600,000 $241 11 days 11/25/20
1623 Victoria Pointe Lane 5 3 2,599 $749,000 $730,000 $280 6 days 11/25/20
159 Lakeview Dr Unit #102 2 2 946 $189,000 $189,000 $199 45 days 11/25/20
4030 Palm Pl 3 2 1,546 $500,000 $485,000 $313 0 days 11/24/20
1569 Veracruz Ln 2 3 1,131 $319,900 $305,000 $269 49 days 11/24/20
Average: 3.7 3.0 2,331 $573,400 $550,671 $235 67 days
Viewing 1 - 10 of 632
Viewing 1 - 10 of 632