The Olympia subdivision in Wellington Florida is a resort style community build by Minto Homes. This community was built west of State Road 7, 441 and South of Forest Hill Blvd right across the street from the new and modern Wellington Green Mall and right across the street from Wellington's newest High School.
To find out more about Olympia's amenities read my post about Olympia in Wellington Florida here.
There are 1000 homes in the Olympia subdivision. Minto is still building brand new construction in Olympia. And then there are 92 homes for sale right now in Olympia. That means that almost 10% of all the homes in Olympia are now up for sale. This is a great time to take advantage of this inventory.
If you would like to view the most glorious of all the homes for sale in Olympia on the best lot with views of the lake just click right here.
We just closed on one of our short sale listings in Olympia; it was reduced to $374,777 and we closed it for $330,000. The house was appraised by the buyer's lender for $380,000! It was a great buy! And there are many more of these great deals in Olympia right now.
There is another short sale we have listed in Olympia that we just reduced to $349,777. We have a couple of offers on this property and the BPO has been ordered by the short sale lender. If you would like to make an offer on this property call us right away. We are receiving multiple offers on our short sale listings.
Only 5 properties have sold in Olympia out of all of this inventory and our listing was one of them. This means that there is an ample supply of homes on the market in all price ranges. There are 3 listings pending right now.
The lowest asking prices are at $299,000 but those are short sales that have not been tested by BPO's yet, so I would not be surprised if these prices change to a higher price once a BPO is turned in. There are 2 listings in this price range.
Most of the listings are priced in the low to high $300, 000 range. There are 42 homes listed under $399,999.
There are 11 homes asking in the $400,000's; 13 homes asking in the $500,000's; 5 homes in the $600,000's; 5 in the $700,000's; 1 for $899,000 and 11 asking between $900,000 to $1,500,000.
The toughest part in selling a resale home in Olympia is that the builder is very competitive with their upgrades and pricing. Please make sure you bring your agent with you to register you at the builder. The builder's representatives are not agents in your behalf. They work for the builder's interests. Get a buyer's agent to go with you. Minto homes does not raise their price because you have an agent. Also, if you have an agent your agent has to accompany you to register you on your first trip otherwise your agent will not get her/his fee upon the closing. So even if you are not sure this is where you want to buy a brand new home, make sure to bring your agent with you.
As a seller in Olympia your competition is also all the foreclosures and the short sales in this neighborhood. Many people are just walking away from their homes. Please make sure you have an agent who has successfully closed short sales if you are in that situation. This is no time to have a part time agent on your side.
If you are a buyer; you are in for a real treat here in Olympia of Wellington Florida. You have a HUGE selection of homes in the mid to higher end price ranges. Imagine getting a 5 bedroom, 3 bathroom home with almost 3000 square feet under air for $330,000! This is a great time for you to find that home you have been dreaming of.
Call Nestor Gasset or Katerina Gasset at 561-753-0135 if you are selling or buying a home in the Olympia subdivision in Wellington Florida.
Contact Nestor Gasset and Katerina Gasset, CIPS, Realtors®, International Properties and Investments, Inc. Licensed Realtors® in Florida at 561-753-0135 to list your property for sale or to purchase a property in Wellington, Royal Palm Beach, Loxahatchee, Lake Worth, Hypoluxo Island, Lantana, West Palm Beach and the rest of Palm Beach County Florida. We are accepting referrals.
Visit our profile to find out more about our services. Call us today at 561.753.0135 or Toll Free 800.444.3316. Contact us by email if you prefer by clicking on email me on the right side of this page under our profile.
To view all the Wellington Florida Luxury Homes For Sale Click here and then click on Multiple Listing Search where the globe is on the right side of the screen that opens up. We know Palm Beach County and will help you get your home Sold if you need to Sell your home and help you buy your Wellington Home or Land ; call us today.
Disclaimer:The information provided herein is supplied by several sources and is subject to change without notice. Wellington Homes Blog does not guarantee or is any way responsible for its accuracy, and provides said information without warranties of any kind, either express or implied. Entries on Wellington Homes Blog represent the opinions and ideas of the author(s). Wellington Homes Blog does not express the views of International Properties and Investments, Inc or those of the broker.
P.S. If you are listing your home as a short sale in Palm Beach County Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 561-753-0135 to find out more about Palm Beach County Short Sales.
Copyright © 2008 By Katerina Gasset, All Rights Reserved. * Olympia In Wellington Florida Market Update*
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Katerina - Beautiful area. The prices sound like great investments.