Since one year ago, the number of active single family home listings (non bank owned or short sales) is up 7.4%, while sold properties are up 13.6%. The pending sales from one year ago are also up by 34.8%. When the PENDED LISTINGS indicator is rising, our market is in recovery. Contracts have been written and are anticipated to close.
The average home prices have remained fairly constant over the last year, with the average price per square foot of a single family home in Weston at $206/SF.
Homes in Weston are also not remaining on the market for long. The average list time on the market before contract is 59 days, which is an decrease in 10.6% since last year! Homes are also selling within 93% of their original list price.
For additional information on the Weston real estate market, please contact Felicia Myers today!