Wellington Real Estate Update | 2013 Ended as a STABLE MARKET

The real estate market in Wellington Florida was on fire in 2013, but it ended as a STABLE MARKET. However home sales are up, home inventory is slightly down and prices remain strong.

Wellington homes sales in December 2013 increased slightly with 100 home sales compared to November 2013, which had 92 closed sales. Home sale prices remained strong ranging from $69,000 to $5,400,000. Of the 100 home sales in Wellington 77% were traditional sales, 15% were short sales and 8% were bank owned (REO). Cash buyers are back to dominating the real estate market accounting for 52% of the home sales. Conventional home buyers made up 38% of the home sales and FHA home buyers accounted for only 7%.

There are currently 543 homes for sale in Wellington, a decrease of 3 homes compared to last month and asking prices range from $71,000 up to $34,750,000. There are 249 homes under contract, which is down 28 homes since November 2013 and these homes had asking prices ranging from $35,000 up to $6,200,000.

While Wellington is no longer a SELLERS MARKET there are still neighborhoods that are, such as; Black Diamond, Grand Isles and Olympia.

Checkout the full Wellington Real Estate Market Overview for December below