Wellington Florida Short Sales
have been common place throughout South Florida for several years now
and currently make-up 17% of the Wellington Florida real estate market,
is a 1% decrease since last month.
While most real estate agents in Wellington Florida
were entering an uncharted territory with short sales most are now more
than familiar with what a short sale is and how the process
works, but there are still some agents who won't work
with short sale buyers or short sale sellers.

There are currently 115
Wellington Short Sales for Sale, which make up 17% of
the total homes for sale in Wellington Florida. A total
of 185 Wellington Short Sales are Under Contract
accounting
for 56% of the market share, which is 1% more than last month. Only 20
Wellington Short Sales Sold in
July, which is a 1% drop from the previous month.

The highest asking price for
a Wellington Short Sale right now is 1,895,000
million and the lowest priced Wellington Short
Sale is $49,000. A majority of the short
sales for sale in Wellington have a
list price of $200,001 to $300,000, but the 100,001-$200,000 price
ranging is catching up.

When it comes to Wellington
Florida Short Sales based
on absorption rate it's currently a STABLE Market almost
boarding on a sellers market, but is it really? Often
times Wellington short sale agents will keep their listings
"ACTIVE" in the mls even though they have an executed contract
submitted to the sellers lender for approval. Some of these short sale
agents do it because they are interested in receiving back up offers
while other times the Wellington short sale agent just didn't get
around to changing the status.