After experiencing a seller’s market for years Wellington Florida is now a BUYER’S MARKET! However home sales and prices remain strong, so it may shift back quickly.
Wellington homes sales in February 2014 increased with 75 home sales compared to January 2014, which had 71 closed sales. Home sale prices remained strong ranging from $91,000 to $12,000,000. Of the 75 home sales in Wellington 79% were traditional sales, 9% were short sales and 12% were bank owned (REO). Cash buyers are still dominating the real estate market accounting for 57% of the home sales. Conventional home buyers made up 33% of the home sales and FHA home buyers accounted for only 4%.
There are currently 636 homes for sale in Wellington, an increase of 50 homes compared to last month and asking prices range from $99,900 up to $34,750,000. There are 287 homes under contract, which is slightly up since January 2014 and these homes had asking prices ranging from $35,000 up to $2,950,000.
Checkout the full Wellington Real Estate Market Overview for January below
- Wellington Florida Real Estate Market Report | January 2014
- Wellington Florida Homes for Sale | December 2013 Market Report
- Wellington Florida Homes for Sale | November 2013 Market Report
- Wellington Florida Homes for Sale | October 2013 Market Report
- Wellington Florida Homes for Sale | September 2013 Market Report
- Wellington Florida Homes for Sale | August 2013 Market Report
- Wellington Florida Homes for Sale | July 2013 Market Report
For the latest market trends visit: Wellington Florida Real Estate Market Reports
WellingtonHomeTeam.com | Contact@WellingtonHomeTeam.com | 561.333.0446
Information deemed reliable, not guaranteed and provided by RMLS on February 15th, 2014
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