One of the larger communities in Weston with two man guarded gates is The Ridges. Established around 1997 and completed around 2000. 
The community is located on the south east part of Weston which is at the corner of South Post Rd. and Bonaventure Blvd. It's location is one of popularity with buyers since it is across the street from the Cypress Bay High School, Falcon Cove Middle School, and an elementary school. Our library is just a little north of the schools. Vista Park is on the corner of Bonaventure and Vista Dr. offering soccer and baseball fields.
Weston just celebrated the opening of it's newest park called Library Park just a few weeks ago. It to is located between the high school and the library. It's a park with beauty and relaxation in mind. Water fountains,landscaping and park benches make this a perfect place to unwind after a long day.
Within the Ridges are 13 small communities made up of single family homes. The names of these communities are:
- Oak Ridge
- Heron Ridge 1 & 2
- Falcon Ridge
- Pine Ridge
- Magnolia Ridge
- Laurel Ridge
- Fox Ridge
- Fern Ridge
- Mahogany Ridge
- Willow Ridge
- Cypress Ridge
- Lake Ridge 1,2,3,&4
San Simeon are town homes located off South Post Rd. just outside the guard gate.
The Ridge's offer a community pool,club house,basketball courts, and areas to barbecue. Sidewalks connect around the whole community.
Researching the Ridges Community we went back 90 days. Using actives, pending sales and closed sales.
Market Analysis Report - Ridges Community
| Property Type: Single Family (RE1)Status-active,closed,pending sales No. of Properties- 42
|
|
|
|
| HIGH 6 |
4 |
7,754 |
$659,000 |
$307 |
$450,000 |
$148 |
95.35% |
447 |
| LOW 3 |
2 |
1,347 |
$229,000 |
$75 |
$0 |
$148 |
90.02% |
7 |
| AVER. 4.07 |
2.66 |
2,437.92 |
$416,608 |
$186 |
$286,667 |
$148 |
92.68% |
209.14 |
BEDS BATHS SQ.FT. LISTING $ LP/sqft SELLING $ SP/Sqft. SP/LP DOM
| MEDIAN 4 |
2 |
2,169 |
$437,000 |
$179 |
$410,000 |
$148 |
92.68% |
169 |
|
- The Statistics show us that there were forty two (42) properties in total.
- Going back 90 days we have four (4) Pending Sales.
- There has been two (2) closings in the past 90 days.
- Median Price for this community is around $465,000
- Average days on the market is around 8 months.
Inventory Report- Ridge Community
| Property Type: Single Family (RE1) |
Status: Active-Available, Closed Sale, Pending Sale |
Number of Properties: 42 |
|
| Active 36 |
$14,523,552 |
$403,432 |
$394,950 |
12 |
| Withdrawn 0 |
$0 |
$0 |
$0 |
0 |
| Cancelled 0 |
$0 |
$0 |
$0 |
0 |
| Expired 0 |
$0 |
$0 |
$0 |
0 |
| Temp off 0 |
$0 |
$0 |
$0 |
0 |
| Pending Sale 4 |
$1,639,000 |
$409,750 |
$434,500 |
159 |
| Closed Sale 2 |
$929,900 |
$464,950 |
$464,950 |
227 |
AVERAGE
| Terminated 0 |
$0 |
$0 |
$0 |
0 |
| Rented 0 |
$0 |
$0 |
$0 |
0 |
COUNT TOTAL PRICE AVERAGE PRICE MEDIAN PRICE DOM
| Back up 0 |
$0 |
$0 |
$0 |
0 |
| Total 42 |
$17,092,452 |
$406,963 |
$404,950 |
157.43 |
|
As of today there are thirty six(36) homes for sale in the Ridges. With the median price falling below $400,000. Days on the market are averging around 8 months. As you can see from the chart that most homes get a contract and go in to pending sale around 5 months. But with the finacing taking much longer than in the past, closings are not happening in thirty(30) to sixty(60) days. It's more on the average of ninety(90) days or more. So the average days your home is on the market shows much longer than in the past.
The Ridges offers many ammenities, with it's great location and mid priced homes.This community will be on the "MOST WANTED" list for some time.
Information as per MLS warranted but not guaranteed.
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