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
1109 Lavender Cir 5 5 3,122 $1,200,000 $384 1 day
1321 Sago Ln 3 2 1,420 $612,000 $430 1 day
581 Spinnaker 4 3 2,394 $989,000 $413 2 days
3752 San Simeon Cir Unit 3752 2 3 1,131 $469,000 $414 2 days
2301 Pasadena Way Unit 2301 3 3 1,461 $549,900 $376 2 days
101 Cameron Dr 4 3 2,733 $1,100,000 $402 3 days
4138 Staghorn Ln 4 3 3,056 $1,050,000 $343 2 days
3819 W Gardenia Ave 5 4 2,898 $1,149,000 $396 8 days
4008 Sapphire Cv 4 2 2,116 $858,000 $405 3 days
No address 2 3 1,110 $379,900 $342 3 days
Average: 4.1 3.4 2,644 $1,690,964 $405 45 days
Viewing 1 - 10 of 167
Viewing 1 - 10 of 167
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2420 Deer Creek 6 4 4,013 $1,850,000 $461 2 days
19109 N Gardenia Ave 5 5 4,545 $1,346,000 $296 6 days
No address 2 2 1,235 $329,990 $267 4 days
2192 Salerno Cir 3 3 1,469 $510,000 $347 7 days
4294 W Diamond Ter 4 3 2,552 $820,000 $321 28 days
390 Racquet Club Rd Unit #202 2 2 1,220 $314,000 $257 2 days
2485 Eagle Run Dr 5 4 3,336 $1,007,000 $301 9 days
16716 Sapphire Spgs 4 2 2,124 $725,000 $341 5 days
245 Riviera Cir Unit #245 2 3 1,322 $450,000 $340 15 days
1011 Sunflower Cir 6 4 3,122 $1,200,000 $384 1 day
Average: 3.8 3.7 2,672 $1,055,191 $362 44 days
Viewing 1 - 10 of 54
Viewing 1 - 10 of 54
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
16709 Sapphire Spgs 4 3 2,445 $735,000 $770,000 $314 7 days 6/24/22
674 Lone Pine Lane 4 3 2,133 $749,000 $760,000 $356 33 days 6/23/22
4337 Fox Hollow 4 3 2,116 $749,900 $752,500 $355 8 days 6/22/22
1257 Allamanda Way 6 4 3,170 $1,199,900 $1,100,000 $347 62 days 6/22/22
No address N/A N/A N/A $3,000 $3,000 Unknown 70 days 6/22/22
4108 Sapphire Ter 3 2 1,416 $595,000 $580,000 $409 3 days 6/21/22
16013 Opal Creek Dr 4 3 2,091 $675,000 $675,000 $322 15 days 6/21/22
687 Live Oak Ln 4 2 1,859 $729,000 $729,000 $392 28 days 6/21/22
609 Carrington Dr 4 3 2,183 $850,000 $815,000 $373 0 days 6/16/22
708 Nandina Dr 7 4 3,292 $975,000 $970,000 $294 7 days 6/16/22
Average: 3.6 3.1 2,386 $833,727 $827,339 $338 27 days
Viewing 1 - 10 of 481
Viewing 1 - 10 of 481