Wellington FL Short Sales Vs. Traditional Sales: Under Contract 11/20/09

Short Sales Vs.Traditional Sales in Wellington FL
Statistics for Single Family Homes Under Contract
November 20, 2009
wellington florida real estate
Statistics based off Regional MLS on November 19, 2009.
Information deemed reliable, but not guaranteed.

There are currently 305 Single Family Homes Under Contract in Wellington FL. Short Sales make up 72% of the market share, while homes being sold Traditionally make up 35% and 3% of the homes under contract are Bank Owned properties, that's only 9 out of the 305 homes.

Traditional Sale: The owner/seller has enough equity in their home to sell it without needing to do a short sale.

Short Sale: When the owner/seller owes more than the home will sell for in today's real estate market and their lender has agreed to accept less than what is owed.

Bank Owned: When the lender, typically a bank, owns the property.
Michelle Gibson REALTOR®
HANSEN REAL ESTATE GROUP INC.
561.333.0446


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2 comments • Michelle Gibson REALTOR® Wellington Florida Homes for Sale • November 20 2009 01:03PM