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
170 Lakeview Dr Unit #202 2 2 1,231 $200,000 $162 1 day
399 Lakeview Dr Unit #101 2 2 1,231 $220,000 $178 1 day
1275 Garden Rd 3 2 1,315 $379,999 $288 2 days
1526 Springside Ter 2 2 893 $320,000 $358 3 days
16287 Laurel Dr 2 2 1,580 $293,000 $185 3 days
1511 Sorrento Dr Unit #1511 2 3 1,131 $309,900 $274 4 days
4121 Sapphire Bnd 3 2 1,416 $418,000 $295 7 days
2782 Kinsington Circle Unit #4 4 3 N/A $650,000 Unknown 7 days
1336 Plumosa Way 4 3 1,834 $525,000 $286 7 days
2950 Surrey Ln 5 8 8,626 $2,875,000 $333 5 days
Average: 3.8 3.5 2,767 $773,916 $254 105 days
Viewing 1 - 10 of 393
Viewing 1 - 10 of 393
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
16551 Blatt Blvd Unit 106 2 2 1,300 $230,000 $176 7 days
16717 Hemingway Dr Unit 16719 2 3 1,110 $243,000 $218 3 days
1375 Bayview Cir 4 3 2,145 $519,900 $242 4 days
1049 Lavender Cir 5 3 2,550 $625,000 $245 11 days
1280 Manor Dr 4 4 3,340 $939,900 $281 4 days
677 Spinnaker 3 2 1,785 $535,000 $299 8 days
16511 Lake Tree Dr 5 3 3,683 $625,000 $169 8 days
2542 Eagle Run Dr 5 4 3,359 $874,900 $260 13 days
2014 Andromeda Ln 3 2 1,627 $379,000 $232 8 days
1085 Capistrano 3 2 1,751 $599,999 $342 19 days
Average: 4.0 3.3 2,731 $655,374 $236 38 days
Viewing 1 - 10 of 20
Viewing 1 - 10 of 20
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
16686 Hemingway Dr Unit #16686 2 2 1,110 $239,999 $234,000 $210 9 days 4/1/20
3863 Oak Ridge Cir 4 3 2,605 $675,000 $675,000 $259 9 days 4/1/20
2094 Hacienda Ter 2 3 1,155 $299,900 $295,000 $255 10 days 3/31/20
1652 Eastlake Way 4 3 2,216 $550,000 $560,000 $252 4 days 3/31/20
1157 Camellia Cir 5 4 2,923 $750,000 $725,000 $248 22 days 3/31/20
2493 Bay Isle Dr 3 4 2,652 $789,600 $765,000 $288 12 days 3/31/20
4102 Cinnamon Way 6 4 3,220 $675,000 $665,000 $206 7 days 3/31/20
1077 Allamanda Way 4 3 2,115 $499,000 $485,000 $229 44 days 3/31/20
16771 Royal Poinciana Dr 4 4 2,328 $453,000 $453,000 $194 49 days 3/31/20
1071 Sorrento Dr Unit #6 3 3 1,456 $290,000 $275,000 $188 5 days 3/31/20
Average: 3.6 3.0 2,245 $527,252 $504,412 $221 78 days
Viewing 1 - 10 of 467
Viewing 1 - 10 of 467