Wellington Real Estate Market Update: March 2013

The Wellington Florida real estate market is on FIRE! In March 96 homes sold with sales prices ranging from $65,000 up to $12,500,000. Of these 96 home sales 67% were traditional sales, 20% were short sales and 14% were bank owned (REO). As expected cash buyers continued to dominate the Wellington real estate market accounting for 47% of the home sales, which is a slight decrease from February, but they still account for almost half of the home buyers. Conventional home buyers finally had an opportunity and came in second at 41% while FHA home buyers were at 8%.

There are currently 444 homes for sale in Wellington, a decrease of 25 homes compared to last month and asking prices range from $85,000 up to $32,000,000. There are now 402 homes under contract, up 32 homes compared to February, and asking prices ranged from $15,540 up to $10,500,000.

Wellington has now shifted to a 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 March below