Wellington Home Sales are UP in April 2014

As summer heats up so is the Wellington Florida real estate market, which has gone from a BUYER’S MARKET to a STABLE MARKET! However several price points are still experiencing a strong SELLER’S MARKET due to the lack of home inventory.

Wellington Real Estate Market Update

Wellington homes sales in April 2014 significantly increased with 120 home sale compared to March 2014, which had 88 closed sales. Home sale prices remained strong ranging from $65,000 to $23,000,000. Of the 120 home sales in Wellington 78% were traditional sales, 8% were short sales and 14% 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 33% of the home sales and FHA home buyers accounted for only 5%.

There are currently 645 homes for sale in Wellington, an increase of 17 homes compared to last month and asking prices range from $46,900 up to $34,750,000. There are 339 homes under contract, which is tiny decrease since March 2014 and these homes had asking prices ranging from $35,000 up to $7,800,000.

Checkout the full Wellington Real Estate Market Overview for April below

Wellington Florida Market Report April 2014