Weston Real Estate Gains the Best Nationwide
Weston resident Mary Ann Wardell's all smiles over the latest news that home values in her city lead the nation according to the latest market surveys out of Business Week and Zillow-Dot Com.
She beamed "oh, i'm thrilled..I'm thrilled".
The long-time Weston resident's got her 13 year old home on the market for $567,500.00 and admits it's over-priced.
But says she's in no rush to move.
The former real estate agents say " i think it's a little high, but we've put a lot of extras in it and don't really have to move for about a year."
And she picked the right time to put up the "For Sale" sign.
That's because August sales figures from real estate analysts at Zillow show median home prices in Weston climbing to $280,000, and median selling prices up to $335,000. They've gained more than 15% since February 2009, and that's the best in the country. During the same time, home values nationwide dropped almost 10%.
Local EWM Realtor Ines Garcia says " Weston is a great city, I call it the Cul-De-Sac of Broward with quiet traffic, great schools, beautiful neighborhoods, it's a real great place to raise a family, just by living in Weston".
For the first time in a while, Garcia says she's getting multiple offers on homes, and with properties on the market for less than 6 months, now believes real estate had turned around here to become a seller's market. And those improving prices are proving to Mary Ann now's a very good time to put her home on the market.
But despite the market gains, she says she's not really too eager to leave Weston anytime soon and adds "It's a nice community..we have wonderful neighbors..I can tell you".
As an example of how diverse South Florida's real estate market remains, the latest Zillow figures show it's also home to the worst residential losses nationwide. It found Residential prices in Homestead down more than 48% the past 2 years.
