the year draws to a close there is a limited amount of inventory available in Weston. Low interest rates and the homebuyer's tax credit have played a key role in this trend.
of December 1 there were 525 properties for sale in Weston, of which 217 are offered as short sale listings and 18 as REO or bank owned. As you can see these REO are few and they sell quickly. A buyer's best opportunity is found by working with a Realtor that has extensive market knowledge. Professionals can assist a buyer in determining the best opportunities in a given market.
There have been 995 sales in Weston year-to-date of which 19% were short sales compared to 41% of the current inventory listed as short sale. Bank owned sales were only 21% of the total sales. As you can see over 50% of the closed sales are traditional re-sales which still offer a good value to the buyer.
The luxury market in Weston is seeing an average of two new buyers per month. There are about 70, $1 million plus properties listed for sale. Buyers in this segment of the market are getting a lot of value for their money. Sellers who are currently listed or thinking about entering the market must make sure that they hire the best possible agent, not the one with the most listings but rather the one that has captured and continues to capture the highest number of buyers for these properties.
Many move up buyer's are asking themselves, if this is a good time to buy and, if so, do they sell their current home? Or do they keep it as part of their investment portfolio? I suggest that such question can only be answered by the individual after careful review of today's market trends. However buying your move up property has not been this affordable since the 1970's. It may be a great beginning for you and/or your family to start the new year in a new home in Weston.