Where's Wellington?: Wellington FL Short Sales Vs. Traditional Sales: August 2009

Wellington FL Short Sales Vs. Traditional Sales: August 2009

Wellington FL Short Sales Vs.Traditional Sales
Statistics for Single Family Home Sales: August 2009

short sales vs traditional sales in wellington fl

Statistics based off Regional MLS on November 19, 2009.
Information deemed reliable, but not guaranteed.

A total of 79 Single Family Homes sold in Wellington FL for the month of August 2009. Traditional Sales made up 58% of the sales, while Short Sales made up 29%13% of the home sales were Bank Owned properties.

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 who 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.