Wellington Real Estate Market Update | March 2014

Wellington Florida remains BUYER’S MARKET! However several price points are still experiencing a strong SELLER’S MARKET due to the lack of home inventory.

Wellington homes sales in March 2014 increased with 88 home sales compared to February 2014, which had 75 closed sales. Home sale prices remained strong ranging from $71,000 to $2,950,000. Of the 88 home sales in Wellington 82% were traditional sales, 7% were short sales and 11% were bank owned (REO). Cash buyers are still dominating the real estate market accounting for 53% of the home sales. Conventional home buyers made up 32% of the home sales and FHA home buyers accounted for only 6%.

There are currently 628 homes for sale in Wellington, a decrease of 8 homes compared to last month and asking prices range from $99,900 up to $34,750,000. There are 341 homes under contract, which is up tremendously since February 2014 and these homes had asking prices ranging from $35,000 up to $5,995,000.

Checkout the full Wellington Real Estate Market Overview for March below