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%.
Month
Homes for Sale
Homes Sold
$ Per Sq Ft
DOM
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 the Wellington Home Team @ 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%.
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 to the real estate industry has expertise in technology, marketing and social media.