Wellington Real Estate Market Update: February 2013

The Wellington Florida real estate market continues to heat up! In February 82 homes sold with sales prices ranging from $65,000 up to $8,000,000. Of these 82 home sales 67% were traditional sales, 18% were bank owned (REO) and 15% were short sales. As predicted cash buyers continued to dominate the Wellington real estate market accounting for 56% of the home sales while conventional home buyers came in second at 27% and FHA home buyers were at 13%.

There are currently 469 homes for sale in Wellington, one more than last month and asking prices range from $54,900 up to $32,000,000. There are now 370 homes under contract, up 27 homes compared to January, and asking prices ranged from $15,540 up to $15,000,000.

Wellington is currently experiencing a STABLE market! HOWEVER there are several price points that are experiencing an extremely strong SELLERS MARKET. A few of the neighborhoods currently experiencing a sellers market include; Black Diamond, Grand Isles, Isles at Wellington, Olympia and Versailles.

Checkout the full Wellington Real Estate Market Overview for February below