2012 Wellington Home Inventory: Going Going Gone!
The Wellington Florida real estate market has been HOT, HOT, HOT, so it is no surprise that the number of Wellington homes for sale has decreased and the number of home sales has increased throughout 2012.
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In January of 2012 there were 598 homes for sale in Wellington, but fast forward to September of 2012 and there are only 483 homes for sale, almost a 19% decrease. While home sales were off to a slow start in the first quarter of 2012 they increased by 60% in the second quarter and remain steady in the third.
With the declining inventory, numerous communities throughout Wellington have turned into a SELLER’S MARKETS, which means there are more home buyers than homes for sale in Wellington. A few of the communities currently experiencing a seller’s market are: Black Diamond, Georgian Courts, Grand Isles, Isles at Wellington, Olympia, Sheffield Woods, Towne Place, Versailles, VillageWalk, and Wellington Shores. The Village of Wellington has also been experiencing a SELLER’S MARKET since August of 2012, which hasn’t been the case in years.
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Compared to 2011 Wellington’s median home sale price decreased in the 1st quarter of 2012, but increased between 4% and 5% in the 2nd and 3rd quarter. With an increase in the median sales price the number of home sales have also increased. Just like the first-quarter sale prices the first-quarter home sales also decreased, but in the 2nd and 3rd quarter home sales increased by 8% and 10%.
If you are looking to buy or sell a home in Wellington Florida contact us today to guide you through this ever-changing real estate market.
Information provided by the RMLS on October 19, 2012, and deemed reliable, but not guaranteed
About the Author
Top Wellington Realtor, Michelle Gibson, wrote: “2012 Wellington Home Inventory: Going Going Gone!”
Michelle has been specializing in residential real estate since 2001 throughout Wellington Florida and the surrounding area. Whether you’re looking to buy, sell or rent she will guide you through the entire real estate transaction. If you’re ready to put Michelle’s knowledge and expertise to work for you call or e-mail her today.
Areas of service include Wellington, Lake Worth, Royal Palm Beach, Boynton Beach, West Palm Beach, Loxahatchee, Greenacres, and more.
Michelle Gibson of the Hansen Real Estate Group Inc is a full-time REALTOR who has been specializing in Wellington Florida real estate since 2001. This veteran of the real estate industry has expertise in technology, marketing, and social media.