Wellington Short Sale Market Report: October 2011

Short Sale in Wellington Florida have been common place for several years now and currently account for 17% of the homes for sale in Wellington Florida, which is a 1% decrease since last month.

While some Wellington FL real estate agents still don’t understand the short sale process I do and assist short sale sellers and buyers  with their real estate needs.

There are currently 104 Wellington Short Sales for Sale, which make up 17% of the total homes for sale in Wellington Florida.  A total of 184 Wellington Short Sales are Under Contract accounting for 60% of the market share and only 16 Wellington Short Sales Sold in September 2011.

The highest asking price for a Wellington Short Sale right now is 1,695,000 million and the lowest priced Wellington Short Sale is $55,000. A majority of the short sales for sale in Wellington have a list price of $200,001 to $300,000, but the 200,001-$300,000 price ranging is catching up.

When it comes to Wellington Florida Short Sales based on absorption rate it’s currently a STABLE Market, but it’s almost a BUYERS Market.

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 October 17, 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.

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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.

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