The real estate market in Wellington Florida has cooled off a tad, but we’re still experiencing a lack of home inventory at many price points. Wellington is currently experiencing a STABLE MARKET.

Wellington Real Estate Market Update

Wellington homes sales in January 2014 decreased with only 71 home sales compared to December 2013, which had 100 closed sales. Home sale prices remained strong ranging from $75,000 to $5,600,000. Of the 71 home sales in Wellington 82% were traditional sales, 1% were short sales and 17% were bank owned (REO). Cash buyers are still dominating the real estate market accounting for 51% of the home sales. Conventional home buyers made up 35% of the home sales and FHA home buyers accounted for only 4%.

There are currently 586 homes for sale in Wellington, a increase of 33 homes compared to last month and asking prices range from $75,000 up to $34,750,000. There are 280 homes under contract, which is down 29 homes since December 2013 and these homes had asking prices ranging from $35,000 up to $12,950,000.

Checkout the full Wellington Real Estate Market Overview for January below

Wellington Florida Real Estate Market Report January 2014

For the latest market trends visit: Wellington Florida Real Estate Market Reports

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Information deemed reliable, not guaranteed and provided by RMLS on February 15th, 2014