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
4439 W Whitewater Ave 4 3 2,476 $790,000 $319 1 day
356 Fairway Cir Unit #40 3 2 1,500 $368,000 $245 2 days
No address 4 3 1,685 $540,000 $320 2 days
16300 Golf Club Rd Unit #514 2 3 1,273 $214,500 $168 3 days
627 Turtle Run 3 3 1,479 $450,000 $304 3 days
2636 Miller Ct 4 3 2,650 $895,000 $337 6 days
16300 Golf Club Rd Unit #314 2 3 1,273 $210,000 $164 3 days
1535 N Park Dr Unit #100 N/A N/A N/A $33 Unknown 6 days
16102 Emerald Estates Dr Unit 102 2 2 1,320 $295,000 $223 3 days
1149 Ginger Cir 4 3 2,799 $884,900 $316 4 days
Average: 3.8 3.6 2,742 $950,126 $327 73 days
Viewing 1 - 10 of 127
Viewing 1 - 10 of 127
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
930 Sorrento Dr 3 3 1,456 $375,000 $257 1 day
1164 Ginger Cir 6 3 3,024 $899,900 $297 4 days
No address 3 2 1,605 $420,000 $261 2 days
1665 Eastlake Way 4 3 2,189 $670,000 $306 6 days
336 Cambridge Dr 4 3 2,672 $735,000 $275 8 days
16135 Emerald Estates Dr Unit #473 2 3 1,529 $415,000 $271 3 days
562 Carrington Ln 4 3 2,425 $635,000 $261 3 days
973 Azure Ln 3 3 1,685 $515,000 $305 23 days
539 Clermont Ct 3 3 1,722 $540,000 $313 10 days
2950 Glades Cir Unit #15 N/A N/A N/A $350,000 Unknown 21 days
Average: 3.5 3.2 2,228 $800,010 $286 38 days
Viewing 1 - 10 of 65
Viewing 1 - 10 of 65
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
3652 Falcon Ridge Cir 5 4 2,536 $770,000 $770,000 $303 41 days 10/19/21
1432 Veracruz Ln Unit #2-6 3 3 1,443 $379,900 $380,000 $263 3 days 10/18/21
960 Savannah Falls Dr 5 4 2,144 $699,999 $680,000 $317 39 days 10/18/21
16502 Sapphire St 3 2 1,416 $525,000 $520,000 $367 10 days 10/15/21
703 Stanton Dr 3 2 1,505 $525,000 $540,000 $358 14 days 10/15/21
4054 Timber Cove Ln Unit #4054 2 3 1,155 $380,000 $385,000 $333 16 days 10/14/21
408 Lakeview Dr Unit #201 2 2 1,231 $265,000 $273,000 $221 0 days 10/14/21
1204 Falls Blvd 4 3 2,055 $648,800 $615,000 $299 36 days 10/14/21
1242 Garden Rd 2 2 974 $400,000 $400,000 $410 80 days 10/14/21
16563 S Botaniko Dr 5 7 5,470 $2,380,000 $2,380,000 $435 274 days 10/14/21
Average: 3.7 3.2 2,410 $718,881 $707,552 $282 30 days
Viewing 1 - 10 of 722
Viewing 1 - 10 of 722