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

November Property sales were 14, up 40.0% from 10 in November of 2011 and -22.2% lower than the 18 sales last month. November 2012 sales were at their highest level compared to November of 2011 and 2010. November year-to-date sales of 208 are running 35.9% ahead of last year's year-to-date sales of 153.

The Median Sales Price in November was $204,750, up 5.4% from $194,250 in November of 2011 and up 10.1% from $186,000 last month. The Average Sales Price in November was $219,513, down -12.9% from $251,955 in November of 2011 and up 14.8% from $191,211 last month. The November 2012 Average Sales Price was at a mid range compared to November of 2011 and 2010.

The Total Inventory of Properties available for sale as of November was 73, up 21.7% from 60 last month and up 14.1% from 64 in November of last year. November 2012 Inventory was at a mid range compared to November of 2011 and 2010. The Average Days On Market for November was 88, equal to 88 days last month and down -4.3% from 92 days in November of last year. The November 2012 Average Days On Market was at its lowest level compared with November of 2011 and 2010.

While the Wellington CO real estate market is heavily influenced by Fort Collins, we see a couple of encouraging signs in the November 2012 data - while sales dipped as expected due to seasonal effects, prices are still moving upward, and we're also still seeing an increase in inventory, which will help restore some balance between supply and demand. We can't read too much significance into these items, since the numbers are relatively small, but they are moves in the right direction, and we remain optimistic about a continuing recovery in 2013.

The winter months will be slow, but there will still be buyers taking advantage of very favorable interest rates and searching for well-priced homes. Sellers who wish to attract their attention will need to properly prepare their homes, price competitively, and market effectively.

If you would like to check out the available inventory of homes for sale, take a look at our Custom Search Page for Wellington CO. If you find  something you'd like to see, please give us a call - we would love to arrange some showings for you to look at any of these fine homes at your convenience.