Wellington Florida Real Estate Market Report | October 2021
Just when you think home inventory can't get any lower it does. Last month there were 211 homes for sale with asking prices ranging from $250,000 to $40,000,000 and now there are only 181 homes for sale with asking prices ranging from $250,000 to $27,990,000.
While home sales continue to decrease. In September a total of 104 homes sold and last month 125 sold. In August sale prices ranged from $210,000 to $7,300,000 and in September they ranged from $205,000 to $14,100,000.
The average DOM (Days on Market) went from 7 days up to 11 days and the price per square foot slightly increased from $240 to $246. Back in August, there were 2 bank-owned home sales and no short sales. While in September there were no bank-owned home sales but 1 short sale. That's right only ONE distressed sale in Wellington for the entire month.
Wellington cash buyers have increased once again from 39% in August up to 42% in September. Conventionally financed buyers increased from 50% in August up to 54% in September. FHA-financed buyers significantly decreased from 3% down to 2% and "other" types of financing went from 9% down to 2%.
Month
Homes for Sale
Homes Sold
$ Per Sq Ft
DOM
October
181
$250,000 to $27,990,000
104
$205,000 to $14,100,000
September 2021 Sales
$246
11
September
211
$250,000 to $40,000,000
125
$210,000 to $7,300,000
August 2021 Sales
$240
7
August
217
$154,900 to $40,000,000
147
$206,000 to $5,800,000
July 2021 Sales
$233
9
July
218
$250,000 to $40,000,000
162
$190,000 to $9,000,000
June 2021 Sales
$231
6
June
245
$199,900 to $40,000,000
164
$180,000 to $31,750,000
May 2021 Sales
$224
14
May
247
$210,000 to $40,000,000
154
$157,000 to $17,950,000
April 2021 Sales
$227
8
April
263
$154,900 to $40,000,000
145
$155,000 to $8,987,500
March 2021 Sales
$214
19
March
274
$192,900 to $40,000,000
101
$150,000 to $8,800,000
February 2021 Sales
$214
25
February
295
$89,000 to $40,000,000
82
$180,000 to $6,237,000
January 2021 Sales
$189
32
January
320
$164,900 to $40,000,000
141
$152,000 to $8,500,000
December 2020 Sales
$198
18
Information provided by Beaches MLS deemed reliable, but not guaranteed
Wellington Florida Homes for Sale
Wellington Florida
Location: Wellington Florida is centrally located in the western part of Palm Beach County.
Homes: Wellington Florida primarily consists of beautiful single-family homes, but also offers condos, villas, patio homes, townhomes, luxury estate homes, equestrian farms, and multi-family homes.
Year Built: Major construction started in Wellington Florida around the mid-1970s and continues to this day.
Amenities: Wellington Florida is known as the winter equestrian capital of the world, but also offers shopping, dining, and entertainment. Residents also enjoy the local library, parks, and Wellington's weekly events.
Schools: Wellington Florida has top-rated elementary, middle and high schools along with private schools. (Verify school boundaries @ Wellington School Boundaries)
Selling? Find out the value of your Wellington Florida home by calling 561-333-0446 or visiting us online at What's My Home Worth? Once your home value request is received we will provide you with a FREE market analysis via e-mail or with an in-home appointment. Take a sneak peek at just some of the marketing we do to obtain top dollar for your home in the shortest amount of time @ Marketing your home. You can also read what past clients have to say about the service they received by visiting our Testimonial Page.
Buying? If you are looking to purchase a home in Wellington Florida or the surrounding area let us guide you through the home buying process. In order to get started all we need is your home search criteria, which you can provide by calling 561-333-0446 or filling out our Online Buyer Questionnaire. Once received we will do a custom search based on your criteria and e-mail you all of the MLS listings that meet your needs.
Renting? Regardless if you need to list your Wellington Florida home for rent or you want to rent a home in Wellington Florida we can help! If you're a landlord visit our Landlord Resource Center to review our step by step process to listing your home for rent. Here, you will also be able to find out how much your home will rent for, view our tenant screening process, and take a look at just some of the marketing we do to rent your home quickly.
Tenants looking to rent a home in Wellington Florida can receive a list of available homes for rent via e-mail by simply filling out our Online Rental Questionnaire. Learn more about renting a home in Wellington Florida by visiting our Rental Tips and Expectations and review our 9 Steps to Renting a Home.
Contact Realtor Michelle Gibson. @ 561-333-0446 or [email protected] for all your Wellington Florida Real Estate needs.
Previous Detailed Market Reports
Wellington Florida Real Estate Market Report | January 2021
The real estate market in Wellington Florida is still on fire! Home inventory has decreased. It went from 357 homes for sale in December to only 320 homes for sale in January. Current list prices range from $164,900 to $40,000,000 while last month prices started at $190,000.
Home sales increased from 130 in November up to 141 in December. Sales prices for November ranged from $200,000 to $12,850.00 while in December they ranged from $152,000 to $8,500,000. The average DOM (Days on Market) went from 20 days down to 18 days. Price per square foot remained the same at $198.
Overall, distressed sales haven't changed much. Last month there was 1 bank-owned home sale, this month there are none, and short sales increased from 2 to 3. There were 127 traditional sales last month and 138 this month. Wellington cash buyers went 27% in November to 33% in December. Conventionally financed buyers went from 62% to 53%. FHA financed buyers increased from 7% up to 8% of sales,. While "other" types of financing went from 4% to 6%.
Wellington Florida Real Estate Market Report | February 2021
The real estate market in Wellington Florida continues to be on fire! Home inventory has decreased once again. It went from 320 homes for sale in January to only 295 homes for sale in February. Current list prices range from $89,000 to $40,000,000 while last month prices started at $180,000.
Home sales decreased from 141 in December down to 82 in January. Sales prices for December ranged from $200,000 to $12,850.00 while in January they ranged from $180,000 to 6,237,000. The average DOM (Days on Market) went from 18 days up to 32 days. The price per square foot remained the same at $189.
Overall, distressed sales have slightly increased. Last month there were no bank-owned home sales, this month there were 4, and short sales decreased from 3 to 1. There were 138 traditional sales last month and 77 this month. Wellington cash buyers went from 33% in December to 34% in January. Conventionally financed buyers went from 53% to 51%. FHA financed buyers increased from 8% up to 9% of sales. While "other" types of financing stayed the same at 6%.
Wellington Florida Real Estate Market Report | March 2021
Real estate inventory in Wellington Florida is at a historic low with only 274 properties for sale. Asking prices for these homes range from $192,000 to $40,000,000. While last month there were 295 homes for sale with an asking price ranging from $89,000 to $40,000,000.
Home sales increased from 82 sales in January up to 101 sales in February. Selling prices in February ranged from $150,000 to $8,800,000 and in January they ranged from $180,000 to $6,237,000. The average DOM (Days on Market) went from 32 days down to 25 days. The price per square foot increased from $189 up to $214.
Overall, distressed sales didn't change too much. In February there were no short sales and only 3 bank-owned home sales. While in January there was 1 short sale and 4 bank-owned sales. So out of 101 home sales only 3 were distressed sales another all-time low for the Village of Wellington.
Wellington cash buyers increased again, going from 34% in January to 37% in February. Conventionally financed buyers went from 51% to 49%. FHA financed buyers went from 9% to 11%. While "other" types of financing went down to 3%.
Wellington Florida Real Estate Market Report | April 2021
Just when you think home inventory in Wellington Florida can't get any lower it does. Last month there were 274 properties for sale with asking prices ranging from $192,000 to $40,000,000. While this month there are only 263 homes for sale with an asking price ranging from $154,900 to $40,000,000.
Home sales increased once again from 101 sales in February to 145 in March. Selling prices in March ranged from $155,000 to $8,987,500. While in February sales ranged from $150,000 to $8,800,000. The average DOM (Days on Market) went 25 days down to 19 days and the price per square foot remained the same $214.
In February there were no short sales and only 3 bank-owned home sales and in March there were none. That's right, Wellington had 0 distressed sales in March. Have distressed sales disappeared? Only time will tell.
Wellington cash buyers are on the rise and have increased from 37% of sales in February to 41% in March. Conventionally financed buyers slightly decreased from 49% down to 48% in March. FHA financed buyers went from 11% down to only 3%. While "other" types of financing went up to 8%.
Wellington Florida Real Estate Market Report | May 2021
AND... home inventory in Wellington Florida continues to decline. We are officially at historic lows with only 247 properties for sale with asking prices starting at $210,000 up to $40M. While last month we had 263 homes for sale with an asking price ranging from $154,900 to $40,000,000.
Home sales once again increased from 145 in March to 154 in April. Selling prices in March ranged from $155,000 to $8,987,500. While in April sales ranged from $157,000 to $17,950,000. The average DOM (Days on Market) went down again from 19 days to 8 days and the price per square foot increased from $214 to $227.
Back in March, there were no distressed sales and in April there was only 1, a bank-owned home.
Wellington cash buyers are on the rise and have increased from 41% in March up to 44% in April. Conventionally financed buyers slightly increased from 48% in March up to 50% in April. FHA financed buyers remain the same at 3% and "other" types of financing went down to 3%.
Wellington Florida Real Estate Market Report | June 2021
AND... home inventory in Wellington Florida continues to decline. We are officially at historic lows with only 245 properties for sale with asking prices starting at $199,900 up to $40M. While last month we had 247 homes for sale with an asking price ranging from $210,000 to $40,000,000.
Home sales once again increased from 154 in April to 164 in May. Selling prices in April sales ranged from $157,000 to $17,950,000. While in May they ranged from $180,000 to $31,750,000. The average DOM (Days on Market) went slightly up from 8 days to 14 days and the price per square foot decreased from $227 to $224.
Back in April, there was only 1 distressed sale, a bank-owned home. While in May there were 5, 3 short sales and 2 bank-owned homes.
Wellington cash buyers continue to hold strong but have slightly decreased from 44% in April to 43% in May. Conventionally financed buyers slightly decreased as well from 50% in April to 49% in May. FHA-financed buyers remain the same at 3% and "other" types of financing went up to 5%.
Wellington Florida Real Estate Market Report | July 2021
In July 2020 there were 439 homes for sale in Wellington and today there are only 218 with asking prices ranging from $250,000 to $40,000,000. That is a decrease of 27 homes since June 2021.
And while home sales decreased from 164 in May to 162 in June, it's an overall increase compared to June 2020 where only 148 homes sold.
Selling prices in May ranged from $180,000 to $31,750,000 while in June they ranged from $190,000 to $9,000,000. The average DOM (Days on Market) went down from 14 days to 6 days and the price per square foot increased from $224 to $231.
Back in May, there were 5 distressed sales, 3 short sales, and 2 bank-owned homes. While in June there was only 1 distressed sale, a bank-owned home.
Wellington cash buyers continue to hold strong but have slightly decreased from 43% in May to 41% in June. Conventionally financed buyers increased from 49% in May to 52% in June. FHA-financed buyers remain the same at 3% and "other" types of financing went up to 4%.
Wellington Florida Real Estate Market Report | August 2021
And home inventory continues to decrease. Last month there were 218 homes for sale in Wellington with asking prices ranging from $250,000 to $40,000,000 and this month there are 217 with asking prices ranging from $154,900 to $40,000,000.
However, home sales decreased once again. In June 162 homes sold in Wellington with sale prices ranging from $190,000 to $9,000,000. While in July 147 with sale prices ranging from $206,000 to $5,800,000.
The average DOM (Days on Market) went from 6 days up to 9 days and the price per square foot slightly increased from $231 to $233. Back in June, there was only 1 distressed sale, a bank-owned home, and July was the same, 1 bank-owned home.
Wellington cash buyers have decreased once again from 41% in June down to 33% in July. Conventionally financed buyers increased from 52% in June up to 56% in July. FHA-financed buyers also increased from 3% to 9% and "other" types of financing went up to 5%.
Wellington Florida Real Estate Market Report | September 2021
Just when you think home inventory can't get any lower it does. Last month there were 217 homes for sale with asking prices ranging from $154,900 to $40,000,000 and now there are only 211 with asking prices ranging from $250,000 to $40,000,000.
While on the flip side the number of home sales has decreased from 147 in July to 125 in August. In July sale prices ranged from $206,000 to $5,800,000 and in August ranged from $210,000 to $7,300,000.
The average DOM (Days on Market) went from 9 days down to 7 days and the price per square foot slightly increased from $233 to $240. Back in July, there was one distressed sale, 1 bank-owned home and in August there were 2 bank-owned home sales, no short sales either month.
Wellington cash buyers have increased once again from 33% in July to 39% in August. Conventionally financed buyers decreased from 56% down to 50% in August. FHA-financed buyers also decreased from 9% back down to 3% and "other" types of financing went from 5% up to 9%.
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.