Wellington Florida Home Sales are UP 40%

Yes, you read that correctly, Wellington Florida Home Sales were UP 40% in May 2013 compared to May 2012! On top of sales being up so were the prices, in May 2012 the median sales price in Wellington was $245,700 while in May 2013 it was $309,900.

In May home sales increased by 25% compared to April 2013 with 145 home sales and sale prices ranged from $5,000 up to $8,700,000. Of these 145 home sales in Wellington 79% were traditional sales, 11% 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. Conventional home buyers accounted for 27% of the home sales while FHA home buyers were at the bottom once again at 11%.

There are currently 432 homes for sale in Wellington, a decrease of 11 homes and asking prices range from $43,900 up to $32,000,000. There are now 345 homes under contract, a decrease of 41 homes compared to April 2013 and these homes had asking prices ranging 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 May below