Wellington FL Short Sale Market Report: July 2011

Short sales in Wellington Florida have been commonplace since the market started declining back in 2006 and now they make up 18% of the homes for sale in Wellington, which is the exact same percentage as June 2011.

While most real estate agents in Wellington Florida were entering uncharted territory with short sales most are now more than familiar with what a short sale is and how the process works, but there are still some agents who won’t work with short sale buyers or short sale sellers.

There are currently 121 short sale homes for sale in Wellington Florida, which makes up 18% of the total homes for sale in Wellington. However when it comes to the number of homes that are currently under contract in Wellington FL Short Sales make up 55%, which is a 3% decrease since June 2011.  A total of 88 homes sold in June 2011 and Wellington short sales accounted for 21% of those sales, which is a 1% decrease since June 2011.

The highest list price for a short sale home for sale in Wellington is 1,895,000 million and the lowest is $49,000. A majority of the short sales for sale in Wellington have a list price of $200,001 to $300,000.

When it comes to short sales in Wellington based on absorption rate it’s currently a STABLE Market almost boarding on a seller’s market, but is it really? Oftentimes Wellington short sale agents will keep their listings “ACTIVE” in the MLS even though they have an executed contract submitted to the seller’s lender for approval. Some of these agents do it because they are interested in receiving back up offers while other times the short sale agent just didn’t get around to changing the status.

If you are thinking about buying a short sale or selling your Wellington FL home via short sale make sure to hire a Wellington short sale agent who is experienced with the short sale process.

Information provided by RMLS on July 12, 2011 and deemed reliable, but not guaranteed

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Michelle Gibson Wellington Florida REALTORMichelle 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.


Hansen Real Estate Group Inc. is a full-service real estate brokerage specializing in residential real estate. As a customer-focused, quality organization, we achieve success one client at a time. Call 561-333-0446 or e-mail me today at [email protected].

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