Wellington CO February 2012 Real Estate Market Report

Here is the Wellington CO February 2012 Real Estate Market Report:

January Property Sales were 7, up 75.0% from 4 in January of 2011 and 53.3% lower than the 15 sales last month. January 2012 sales were at a mid level compared to January of 2011 and 2010. January year-to-date sales of 7 are running 75.0% ahead of last year's year-to-date sales of 4.

The Median Sales Price in January was $206,200, up 8.0% from $190,839 in January of 2011 and up 13.9% from $181,100 last month. The Average Sales Price in January was $216,800, up 14.8% from $188,915 in January of 2011 and up 10.4% from $196,427 last month. The January 2012 Average Sales Price was at the highest level compared to January of 2011 and 2010.

The Total Inventory of Properties available for sale as of January was 69, up 11.3% from 62 last month and down 2.8% from 71 in January of last year. January 2012 Inventory was at its lowest level compared with January of 2011 and 2010. The Average Days On Market for January was 111, up 44.2% from 77 days last month and down 72.9% from 410 days in January of last year. The January 2012 Average Days On Market was at a mid level compared with January of 2011 and 2010.

The Wellington CO February 2012 Real Estate Market Report continues to gives us some mixed signals. While the numbers are trending in a positive direction, their actual number is small enough that we can't reliably identify a trend as opposed to just random variation. Still, movement in a positive direction is preferred to the alternative, and there is no doubt that with attractively priced homes on the market, and very low interest rates, Wellington CO is providing much of interest to active homebuyers.

If you would like to browse the available inventory, Search Real Estate Listings for Wellington CO. If you find 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.