Wellington Florida | Was Cash King in 2010?

Wellington Florida | Was Cash King in 2010?

Cash did remain King last year in Wellington Florida. Over 44% of home buyers paid cash for their Wellington Florida home, but don’t think these buyers paid 30%, 20%, or even 10% less than the asking price.  In fact, the median List to Sales Price Ratio for a Wellington Florida Cash Buyer was 94%.  That means a home listed for $300,000 sold for $282,000, NOT $210,000, $240,000 or even $270,000.

Wellington Florida | Was Cash King in 2010?

Buyers who chose to finance their Wellington home had a slightly higher List to Sales Price Ratio, which was around 95%.  However, this number could easily be different if those buyers who had seller concessions chose a reduced purchase price instead.  Seller concessions are when a seller contributes a certain amount of money towards a buyer’s closing costs, escrows, and/or pre-paids.

For example, a buyer may purchase a home for $300,000 and ask the seller to contribute $10K towards their closing cost netting the seller $290,000, but if these financed buyers chose to remove the concessions and pay the $290,000 instead of $300,000 the List to Sales Price Ratio for financed buyers could be well under 95%.

Unfortunately, there is no way to find out how many of these financed buyers actually had seller concessions other than contacting each listing agent for the 535 financed homes that sold in Wellington Florida, and asking them.

Are you a Buyer looking to purchase a Wellington Home? Start your home search here!

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About the Author

Top Wellington Realtor, Michelle Gibson, wrote: “Wellington Florida | Was Cash King in 2010?”

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.

Wellington Florida | Was Cash King in 2010?

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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].

Michelle Gibson and Hansen Real Estate Group Inc fully support the principles of the Fair Housing Act and the Equal Opportunity Act. Accessibility Statement


If you are thinking about buying, selling, or renting your home, townhome, condo, or other Real Estate in the following areas; Wellington, Lake Worth, Royal Palm Beach, Boynton Beach, Greenacres, Loxahatchee, Royal Palm Beach, Lake Clarke Shores, West Palm Beach, Palm Beach Gardens, or Jupiter there are thousands of Realtors to choose from.

However, it doesn't cost you any more to work with a top Realtor in Wellington Florida. I would welcome the opportunity to show you how I get outstanding real estate results for all of my clients. If you are looking for a top real estate agent in Palm Beach County Florida who will make a difference you have come to the right place.

Use this real estate website to learn more about moving to Wellington Florida, living in Wellington Florida view homes for sale, homes for rent along with real estate market reports for the most popular communities that Wellington Florida has to offer.

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