Here is the real estate market report for November 2011 for Wellington CO:
November property sales were 10, down 9.1% from 11 in November of 2010 and 16.7% lower than the 12 sales last month. November 2011 sales were at their lowest level compared to November of 2010 and 2009. November year-to-date sales of 152 are running 4.4% behind last year's year-to-date sales of 159.
The Median Sales Price in November was $194,250, up 4.5% from $185,900 in November of 2010 and up 7.8% from $180,125 last month. The Average Sales Price in November was $251,955, up 17.8% from $213,851 in November of 2010 and up 40.7% from $179,054 last month. The November 2011 Average Sales Price was at the highest level compared to November of 2010 and 2009.
The Total Inventory of Properties available for sale as of November was 75, down 7.4% from 81 last month and down 1.3% from 76 in November of last year. November 2011 Inventory was at its lowest level compared with November of 2010 and 2009. The Average Days On Market for November was 92, up 26.0% from 73 days last month and down 14.0% from 107 days in November of last year. The November 2011 Average Days On Market was at a mid level compared with November of 2010 and 2009.
While there is some variation from both last month and last year's numbers, the real estate market in Wellington CO remains basically unchanged - if there are effects from other than seasonal factors, they aren't clearly visible and wouldn't be expected, based on market performance in surrounding areas. Any significant improvement will require positive changes in the regional and national economies. However, for buyers, it is still a very attractive time to consider the opportunities presented by excellent prices, a decent inventory and very low rates.
If you are curious about the available inventory, Search Real Estate Listings for Wellington CO. If you find something you'd like to look at, please give us a call - we would be happy to arrange for you to see any of these fine homes at your convenience.
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