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Wellington FL Short SalesVs.Traditional Sales
Statistics for Single Family Home Sales: October 2009
Sales Vs. Traditional Sales in Wellington FL
Statistics based off Regional MLS on November 27, 2009.
Information deemed reliable, but not guaranteed.

In October 2009 a total of 72 Single Family Homes sold in Wellington FL, which was 4 more home sales compared to September. Traditional Sales made up 57% of the sales, while Short Sales made up 39% and 4% of the home sales were Bank Owned properties.

Wellington FL Short Sales Vs. Traditional Sales: September 2009

Wellington FL Short Sales Vs. Traditional Sales: August 2009

Traditional Sale: The owner/seller has enough equity in their home to sell it without needing to do a short sale. However there are some owner/seller's that do not have enough equity, but choose to bring money to closing to make up the difference.

Short Sale: When the owner/seller owes more than the home will sell for in today's real estate market and their lender has agreed to accept less than what is owed.

Bank Owned: When the lender, typically a bank, owns the property.


Michelle Gibson REALTOR®
HANSEN REAL ESTATE GROUP INC.
561.333.0446


©2011 All Rights Reserved
 

4 Comments on Wellington FL Sales Vs. Traditional Sales: October 2009

NOV
27
2009
224,448 Points 22 Featured Posts Outside Blog Hit Router Attended Rain Camp Called Shot Master

Michelle - that looks much like the snapshot of the market in our area.  Thanks for sharing!
6:56pm • #1
937,100 Points 361 Featured Posts Outside Blog Attended Rain Camp Called Shot Master

Michelle, That chart surprises me. I'm surprised there is such a small percentage of REO sales. That's far lower than my area of Florida. And our regular sales are less than 10%. Interesting.
7:14pm • #2
503,976 Points 36 Featured Posts Localism Sponsor Outside Blog Hit Router

Wow! That's a lot of short sales. I did my last one back in March and it took 4 months. I haven't had one since. All my deals are traditional sales. It's a little different here in Central KY.
7:28pm • #3
698,051 Points 35 Featured Posts Outside Blog Called Shot Master

Lina - That's interesting

Bryant - Wow, that's interesting. 

Lizette - You are a lucky girl.  Thankfully my last short sale only took two months from start to finish.
7:41pm • #4

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Michelle Gibson REALTOR® Wellington Florida Homes for Sale

Wellington, FL

More about me…

Hansen Real Estate Group Inc.

Address: www.WellingtonHomeTeam.com

Office Phone: (561) 333-0446

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