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Wellington FL Real Estate Market Report: August 2011

By
Real Estate Agent with Hansen Real Estate Group Inc.

Wellington FL Real Estate:  August 2011 Home Sales Market Report

Home Sales in Wellington Florida have INCREASED by 44% since last month, but homes for sale in Wellington Florida are still continuing to go under contract.

Wellington FL Market Report August 2011 - Finance

Wellington cash buyers this month are down, but only by 2% and they still account for a majority of the buyers in Wellington Florida.  Conventional buyers and FHA buyers have both increased by 2% and other finance types has decreased by 2%.

Since last month Cash Buyers in Wellington Florida are DOWN -2%, Conventional buyers are the UP +2% and FHA buyers areUP +2%.

Wellington FL Market Report August 2011

Since last month Traditional Sales are both UP +7% in Wellington Florida , Short Sales are DOWN by -10% and Bank Owned Sales remain the SAME.

104 properties Sold in August 2011
80 Single Family Homes, 15 Townhomes and 9 Condos
Single Family Home Sales range from $92,000 up to $2,000,000
Townhome Sales range from $40,000 up to $280,000
Condo Sales range from $31,500 up to $275,000

If you are looking to buy a home for sale in Wellington Florida it is imperative that you hire a REALTOR® who knows the market and how to put together a winning offer. As an experienced REALTOR® selling homes throughout Wellington Florida I will be more than happy to discuss your real estate needs with you.

If you are thinking about BUYING, SELLING or RENTING in Wellington Florida contact me today for all your real estate needs!

Wellington FL Real Estate: August 2011 Market Report
Information deemed reliable, but not guaranteed. Provided by RMLS September 14, 2011
Originally posted at http://wellingtonhometeam.com/wellington-fl-market-report-august-2011/

Posted by
About the Author:
Michelle Gibson is a full-time Realtor with the Hansen Real Estate Group Inc. She has been specializing in residential real estate throughout Palm Beach County Florida since 2001. Specific areas of expertise include; Wellington, Lake Worth, Royal Palm Beach, West Palm Beach, Boynton Beach, Loxahatchee, Greenacres, Lake Clarke Shores, Palm Beach Gardens, Jupiter, Delray Beach, and Jupiter.
 
Whether you're looking to buy, sell or rent Michelle will be able to walk you through your entire real estate transaction from start to finish.
 
Connect with Michelle:

Comments (6)

Chandler Real Estate Liz Harris, MBA
Liz Harris Realty - Chandler, AZ
#ChandlerRealEstateAgent

Looks like lots of cash activity!  Guess money is safer in RE than the banks???

Sep 28, 2011 04:57 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Michelle

Cash is still overwhelming method of purchase in tour area. Our's is a mixed bag but overall in the county cash still accounts for a good % of sales. I needt o do my summary, too.

Your reports are always easy to ready and understand, and visually appealing.

Jeff

Sep 28, 2011 06:14 PM
Mykel Martin
(909) 476-9600 ~ WeLoveSellingRealEstate.com - Rancho Cucamonga, CA
Realty Masters & Associates

Thanks for providing this glimpse into your marketplace.  There are a lot of cash sales and traditional sales in your market.

It's always nice to see what other areas are doing in comparison to our own market area.

Sep 28, 2011 07:06 PM
Larry Brewer - Benchmark Realty llc
Benchmark Realty LLc - Nashville, TN

Michelle - that's a facinating statistic, and I wonder if it's because it's too difficult to get a loan, or because the properties have become so cheap that investors can now pay cash.

Sep 29, 2011 03:12 AM
Yvette Chisholm
Long & Foster Real Estate, Inc. - Rockville, MD
Associate Broker - Rockville, MD 301-758-9500

This is a great presentation - I love the format : )   Have a great day Michelle!

Sep 29, 2011 01:47 PM
Michelle Gibson
Hansen Real Estate Group Inc. - Wellington, FL
REALTOR

Liz - Yes there is

Jeff - Month after month cash has been dominating in Wellington

Mykel - I agree, it's interesting

Larry - Our cash buyers are in ALL price ranges, from under $100K to over 6 million.

Yvette - Thank You

Sep 29, 2011 02:25 PM