Wellington Florida Real Estate Market Report | November 2020
The real estate market in Wellington Florida is still on fire! Home inventory has decreased. It went from 364 homes for sale in November to only 357 homes for sale in December. List prices remain the same for both months at $190,000 to $40,000,000.
Home sales decreased as well from 147 down to 130 with sale prices ranging from $200,000 to $12,850.00. Last month's sales prices ranged from $158,900 to $3,990,000. The average DOM (Days on Market) went from 28 days down to 20 days. Price per square foot increased from $197 to $198.
Overall, distressed sales haven't changed much. Last month there were 2 bank-owned home sales, this month there was 1, and short sales remain the same at 2. There were 143 traditional sales last month and 127 this month. Wellington cash buyers went from 35% to 27%, conventionally financed buyers went from 54% to 62%. FHA financed buyers remained the same and made up 7% of sales, so did "other" types of financing at 4%.
Wellington Florida
November 2020 Real Estate Market Report
Wellington Florida is currently a
SELLER'S MARKET
357
Homes for Sale
$190,000 to $40,000,000
130
Homes Sold
$200,000 to $12,850,000
$198
Per Sq Ft
20
Days On Market
TYPES OF HOME SALES
143
Traditional
2
Short Sales
1
Bank Owned
BUYER FINANCING PROFILES
27%
Cash
62%
Conventional
7%
FHA
4%
Other
The Village of Wellington Florida Resource Center
Information provided by Beaches MLS deemed reliable, but not guaranteed
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.
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.