Market Trend Report Weston 2016
Since one year ago, the number of active listings is up 13.9% while the sold properties are up 28.3%. The pended are down 18,3%. When the PENDED LISTINGS indicator is rising, our market is in recovery. Contracts have been written and are anticipated to close.
Average home prices are up 9.3%. The price per square foot of a single family residence, is approximately $222 per square foot – which is an increase of 10.4% over last year. Part of the reason for the shortage of inventory: Homes remain on the market an average of 72 days an increase of 12,5% over last year. Homes are selling within 92% of their originally listed price.
The average listed price in Weston, Florida is $1,000,000 . The average sold price is $630,000. Important information: Months of Inventory. Currently, Weston, Florida is experiencing 4.9 months of inventory which is indicative of a Seller’s market. This is an 11% decrease from a year ago.
It is time to list, time to sell, time to upsize, time to downsize — money is still inexpensive to borrow. Download all 5 reports: factsandtrendsreport-nov2016