This is the Wellington CO September 2012 Real Estate Market Report:

August Property sales were 18, up 20.0% from 15 in August of 2011 and -28.0% lower than the 25 sales last month. August 2012 sales were at their highest level compared to August of 2011 and 2010. August year-to-date sales of 142 are running 25.7% ahead of last year's year-to-date sales of 113.

The Median Sales Price in August was $209,350, up 13.2% from $185,000 in August of 2011 and up 16.0% from $180,500 last month. The Average Sales Price in August was $210,867, up 11.6% from $188,979 in August of 2011 and up 12.7% from $187,087 last month. The August 2012 Average Sales Price was at highest level compared to August of 2011 and 2010.

The Total Inventory of Properties available for sale as of August was 86, up 14.7% from 75 last month and up 8.9% from 79 in August of last year. August 2012 Inventory was at a mid range compared to August of 2011 and 2010. The Average Days On Market for August was 59, up 78.8% from 33 days last month and down -21.3% from 75 days in August of last year. The August 2012 Average Days On Market was at a mid range compared with August of 2011 and 2010.

The decline in sales activity in August is most likely explained by a traditional seasonal drop in activity, and with much of the demand in Wellington derived from Fort Collins, merely reflects a common regional phenomenon. Activity should rebound slightly in September and October, followed by a longer seasonal slowdown. Prices have risen over past months and inventory is increasing, the latter needed for better market balance, and provides buyers with some nice opportunities to purchase attractively priced homes.

For a detailed look at the available inventory of homes for sale, check out our custom search page for Wellington CO. If you discover something you'd like to see, please give us a call - we would be happy to arrange for you to see any of these fine homes at your convenience.