Wellington Florida

March 2019 Real Estate Market Report

Wellington Florida is currently a

STABLE MARKET

657

Homes for Sale

$105.000 to $44,000,000

96

Homes Sold

$162,000 to $7,300,000

$178

Per Sq Ft

49

Days On Market

TYPES OF HOME SALES

93

Traditional

1

Short Sales

2

Bank Owned

BUYER FINANCING PROFILES

27%

Cash

54%

Conventional

8%

FHA

11%

Other

The Village of Wellington Florida Resource Center

Information provided by Beaches MLS deemed reliable, but not guaranteed

Wellington Florida has turned into a stable market, but it's on the cusp of turning back into a seller's market. The number of homes for sale in Wellington remains identical to the previous month at 657 homes. However, the list prices are now starting at $105,000 a $50,000 decrease compared to February.

Home sales have increased in Wellington! 33 more homes sold in March and sale prices were between $162,000 and $7,300,000. Out of the 93 homes that sold in Wellington only 3 were distressed sales, 1 short sale and 2 bank owned homes (REO).

Days on market decreased by almost 20 days, which is a great indication that buyers are back and actively looking to purchase their dream home. Cash and conventional buyers decreased, but FHA buyers increased by 7%. Although conventional buyers still make-up more than half of the buyers accounting for 54% of the sales.

With the summer months fast approaching historically home sales will increase too. So if you're thinking about selling your Wellington home now is the time to list! Although buyers shouldn't be discouraged from entering the market because home prices have plateaued in most neighborhoods. In fact, some prices have even decreased slightly in several neighborhoods throughout Wellington.

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-1970's 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 libraryparks 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.

Helpful Links for Wellington Florida:

Wellington Florida Homes for Sale in Wellington Florida
Wellington Florida Homes for Rent in Wellington Florida
Wellington Florida Previous Real Estate Market Reports

Contact the Wellington Home Team @ 561-333-0446 or Contact@WellingtonHomeTeam.com for all your Wellington Florida Real Estate needs.

Wellington Florida Real Estate Market Report

Summary
Wellington Florida Real Estate Market Report MAR 2019
Article Name
Wellington Florida Real Estate Market Report MAR 2019
Description
Wellington Florida has shifted from a seller's market to a stable market. However, home sales are on the rise, so it may shift back to a seller's market.
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