Wellington FL Short Sales Vs. Traditional Sales: September 2009

Wellington FL ShortSales Vs.Traditional Sales
Statistics for Single Family Home Sales: September 2009
Short Sales Vs. Traditional Sales in Wellington FL
Statistics based off Regional MLS on November 26, 2009.
Information deemed reliable, but not guaranteed.

In September 2009 a total of 68 Single Family Homes sold in Wellington FL, which was 11 less home sales compared to August. Traditional Sales made up 56% of the sales, while Short Sales made up 31% and 13% of the home sales were Bank Owned properties.

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


©2011 All Rights Reserved
0 comments • Michelle Gibson REALTOR® Wellington Florida Homes for Sale • November 27 2009 05:48PM

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