Wellington Real Estate Market Update: April 2013

The Wellington Florida real estate market is on HOT HOT HOT! In April home sales increased by 21% with 116 home sales and prices ranged from $50,000 up to $7,800,000. Of these 116 home sales in Wellington 72% were traditional sales, 18% were short sales and 10% were bank owned (REO). As anticipated cash buyers continued to dominate the Wellington real estate market accounting for 57% of the home sales, which is a 10% jump compared to March 2013. Conventional home buyers accounted for 31% of the home sales while FHA home buyers were at the bottom once again at 9%.

There are currently 443 homes for sale in Wellington, a decrease of 1 home and asking prices range from $43,900 up to $32,000,000. There are now 386 homes under contract, a decrease of 16 sales compared to March and asking prices ranged from $15,540 up to $12,500,000.

Wellington is a STRONG SELLERS market and a few of the neighborhoods sharing in the sellers market include; Black Diamond, Grand Isles, Isles at Wellington, Olympia and Versailles.

Checkout the full Wellington Real Estate Market Overview for April below