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
1852 Salerno Cir Unit 1852 3 3 1,366 $335,000 $245 1 day
16720 Harbor Ct 4 3 2,440 $485,000 $198 1 day
1585 Passion Vine Cir Unit 10-1 3 2 1,600 $389,900 $243 1 day
1884 Salerno Cir Unit #1884 2 2 969 $274,000 $282 1 day
2708 Cypress Mnr 5 4 4,295 $999,900 $232 1 day
1000 Cedar Falls Dr 4 3 2,298 $459,000 $199 1 day
16761 Hemingway Dr Unit #16761 2 3 1,110 $259,000 $233 1 day
2770 Stirrup Ln 5 6 5,538 $1,795,000 $324 2 days
1459 Estancia Cir 3 2 1,445 $395,000 $273 2 days
2561 Bay Pointe Dr 3 3 2,446 $622,000 $254 2 days
Average: 4.0 3.8 2,864 $772,780 $242 106 days
Viewing 1 - 10 of 499
Viewing 1 - 10 of 499
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
16600 Greens Edge Cir Unit 81 3 2 1,600 $365,000 $228 3 days
210 Lakeview Dr Unit 208 2 2 1,090 $169,500 $155 5 days
1272 Seagrape Cir 2 2 982 $335,000 $341 1 day
1283 Camellia Cir 5 3 2,637 $555,118 $210 15 days
1139 Hidden Valley Way 4 3 2,595 $499,900 $190 5 days
525 SW 169th Ter 4 2 1,975 $499,900 $253 8 days
220 Lakeview Dr Unit 205 2 2 940 $189,900 $202 20 days
815 Kapok Way 3 2 1,751 $449,900 $256 3 days
3863 Falcon Ridge Cr 6 4 3,403 $650,000 $191 39 days
1090 Smoke Tree Ct 4 3 3,050 $510,000 $167 12 days
Average: 3.7 2.8 2,393 $506,637 $219 53 days
Viewing 1 - 10 of 19
Viewing 1 - 10 of 19
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
1114 Chenille Cir 4 3 2,514 $525,000 $525,000 $208 39 days 7/18/19
4418 Mahogany Ridge Dr 3 2 1,390 $414,900 $392,500 $282 79 days 7/18/19
301 Bonaventure Blvd Unit #1 2 2 1,330 $264,000 $250,000 $187 138 days 7/17/19
16475 Golf Club Rd Unit #309 2 3 1,235 $189,000 $184,000 $148 146 days 7/17/19
317 Mallard Rd 5 6 4,659 $1,250,000 $1,200,000 $257 39 days 7/15/19
4435 E Whitewater Ave 4 2 2,723 $569,000 $560,000 $205 44 days 7/15/19
2082 Borealis Way 3 2 1,438 $355,000 $352,000 $244 50 days 7/15/19
550 Westwood Ln 3 2 2,550 $549,000 $535,000 $209 58 days 7/15/19
3810 Tree Top Dr Unit #3810 2 2 1,437 $279,000 $282,000 $196 109 days 7/15/19
1162 Fairfield Meadows Dr 5 3 3,095 $650,000 $625,000 $201 23 days 7/12/19
Average: 3.6 3.0 2,324 $533,412 $508,851 $216 97 days
Viewing 1 - 10 of 572
Viewing 1 - 10 of 572