Find out exactly what is going on year-over-year in the Wellington, FL housing market.
Many of us always want to be informed before making a big decision, like selling your home. The problem that we all have is, we just don’t have time to research. We rely on a real estate agent to give us an idea on what your home will go for in the current market. Hopefully the below information will help you get a better idea on what the Wellington market is doing and how it has changed from just the last 12 months.
In April 2019, the median sales price in Wellington was $456,250 for a single-family home compared to $440,000 in April of 2018. That is an increase of 3.7% in the median sales price year-over-year. Where we see the larges increase in median sales price year-over-year is with townhomes and condos, in April the median sales price was $260,000 compared to a year ago which was at $224,750. That is an increase of 15.7%! The steady increase in home prices indicates that the market is still progressing and the time is right to place your home on the market if you are on the fence.
As for inventory on single family homes in Wellington, there were 147 new listings, 91 listings under contract, and 98 SFH closed in the month of April. Inventory on townhomes and condos is a lot smaller considering the majority of Wellington is single family homes. In April, there were 39 new listings, 33 were under contract, and 31 were closed. Another big thing to point out is that the time to contract on the townhomes and condos has dropped 26.1% since the same time last year.
If you are interested in finding out what your home is worth, Please give Alex Bejarano a call At (561)945-3854.
Alex Bejarano
Dunhill 100 LLC
Direct: 561-945-3854
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