Wellington, Florida Bank Foreclosures Market [Video] Report

By
Real Estate Agent with United Realty Group Wellington SL# 3190644
https://activerain.com/droplet/4zx9

 

 

Bank Foreclosures Homes for Sale in  

Wellington, FL

 

The following is a market report on Bank Foreclosures in Wellington, Florida brought to you by Mark Baker at www.BuyingPalmBeachHomes.com . In this Market report we will cover the current homes on the market, the current market prices and the statistics of the sales of the 90 day sold properties including financing terms. This Real Estate Market Report will give home buyers and sellers a good understanding of the foreclosure market in Wellington, FL.

 

Current MLS Homes for Sale

  • 86 homes listed
  • 27 marked Pending
  • 14 marked Active Contingent
  • 3 accepting Back Up orders
  • 42 home available for purchase

 

Market Activity on MLS Listings (10 Days)

Wellington FL Bank Foreclosure
Wellington FL Bank Foreclosures
  • 7 New Listings
  • 4 listings with a Price Change Reduction
  • 2 listing is Back on the Market

 

Market Prices of Listed Homes

  • Lowest available property is $239,000 for four bedrooms with two bathrooms and 2,535 square feet under air.
  • Highest priced property is $1,900,000 for five bedrooms with five bathrooms and 7,222 square feet under air.
  • Median home price is $340,000

 

Recently Sold Homes (90 Days)

  • 39 properties have sold
  • Average sales price was $331,000
  • Average sales price per square foot was $136
  • Range in average price per square foot $84 to $476
  • Average Days on Market 76 days

 Detailed MLS Reports for Wellington FL Bank Foreclosures

Financing terms of the Sold properties

  • 21 were Cash deals
  • 12 were Conventional deals
  • 4 were FHA/VA
  • 2 was an Assumable Mortgage

 

Sales to List Price of Recently Sold Homes

This information has been provided to see the relationship of the actual sold price of a home to the asking list price.

  • Low end was 75%
  • Average was 96% (4% discount of the asking prices)
  • High end was at 107% of the asking price

 

Looking for Realtor?

If you are looking to buy or sell a home in Wellington, FL please let me put my experience to work for you. I have extensive knowledge of the homes within this area and the surrounding areas. You can contact me at 561-336-6333 or visit me online at www.BuyingPalmBeachHomes.com

 

Posted by


Mark R. Baker, PA

United Realty Group Wellington 

1035 State Road 7

Suite 121

Wellington, FL 33414

(561) 336-6333

www.BuyingPalmBeachHomes.com

 

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Rainmaker
1,317,551
Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services

This is a good report of bank foreclosure in Wellington.  Hopefully, the numbers are tapering off.

Mar 14, 2015 01:57 PM #1
Rainer
77,805
Mark Baker
United Realty Group Wellington - Wellington, FL
Serving Palm Beach County FL

Thanks Joan Whitebook for commenting, they are holding steady.

Mar 16, 2015 07:50 AM #2
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Rainer
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Mark Baker

Serving Palm Beach County FL
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