Wellington FL Short Sales Vs.Traditional Sales

Wellington FL Short Sales Vs.Traditional Sales
Statistics for Single Family Home Sales: November 2009
short sales vs traditional sales wellington fl
Statistics based off Regional MLS on December 3, 2009.
Information deemed reliable, but not guaranteed.

In November 2009 a total of 55 Single Family Homes sold in Wellington FL, which was 17 less home sales compared to October. Traditional Sales made up 62% of the sales, while Short Sales made up 34% and 4% of the home sales were Bank Owned properties.

Wellington FL Sales Vs. Traditional Sales: October 2009

Wellington FL Short Sales Vs. Traditional Sales: September 2009

Wellington FL Short Sales Vs. Traditional Sales: August 2009

Traditional Sale: The owner/seller has enough equity in their home to sell it without needing to do a short sale. However there are some owner/seller's that do not have enough equity, but choose to bring money to closing to make up the difference.

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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0 comments • Michelle Gibson REALTOR® Wellington Florida Homes for Sale • December 03 2009 01:13PM