Here is the real estate market report for September 2011 for Wellington CO:
September Property Sales were 17, up 70.0% from 10 in September of 2010 and 13.3% higher than the 15 sales last month. September 2011 sales were at their highest level compared to September of 2010 and 2009. September year-to-date sales of 130 are running 0.8% behind last year's year-to-date sales of 131.
The Median Sales Price in September was $168,900, up 0.2% from $168,500 in September of 2010 and down 8.7% from $185,000 last month. The Average Sales Price in September was $187,402, up 5.5% from $177,712 in September of 2010 and down 0.8% from $188,979 last month. The September 2011 Average Sales Price was at a mid range compared to September of 2010 and 2009.
The Total Inventory of Properties available for sale as of September was 99, up 16.5% from 85 last month and up 4.2% from 95 in September of last year. September 2011 Inventory was at a mid level compared with September of 2010 and 2009. The Average Days On Market for September was 109, up 45.3% from 75 days last month and up 101.9% from 54 days in September of last year. The September 2011 Average Days On Market was at a mid level compared with September of 2010 and 2009.
The real estate market in Wellington CO is performing well, considering the overall shape of the economy. Sales are keeping pace with previous years and values are holding steady. This is an excellent time to consider buying a very nice home at a good price - it is still a buyer's market.
To take a closer look at available inventory, Search Real Estate Listings for Wellington CO. If you find something that warrants a closer look, please give us a call - we would be pleased to arrange showings at your convenience to see any of these fine homes.
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