Wellington FL Sales Vs. Traditional Sales: October 2009

Wellington FL Short SalesVs.Traditional Sales
Statistics for Single Family Home Sales: October 2009
Sales Vs. Traditional Sales in Wellington FL
Statistics based off Regional MLS on November 27, 2009.
Information deemed reliable, but not guaranteed.

In October 2009 a total of 72 Single Family Homes sold in Wellington FL, which was 4 more home sales compared to September. Traditional Sales made up 57% of the sales, while Short Sales made up 39% and 4% of the home sales were Bank Owned properties.

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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4 comments • Michelle Gibson REALTOR® Wellington Florida Homes for Sale • November 27 2009 05:53PM

Comments

Michelle - that looks much like the snapshot of the market in our area.  Thanks for sharing!

Posted by Lina Robertson Jones, REALTOR® Springfield MO Area Homes for Sale (Ozark, Nixa, Republic & Willard Real Estate) over 2 years ago

Michelle, That chart surprises me. I'm surprised there is such a small percentage of REO sales. That's far lower than my area of Florida. And our regular sales are less than 10%. Interesting.

Posted by Bryant Tutas-Tutas Towne Realty, Inc over 2 years ago

Wow! That's a lot of short sales. I did my last one back in March and it took 4 months. I haven't had one since. All my deals are traditional sales. It's a little different here in Central KY.

Posted by Lizette Fitzpatrick - Lexington KY MLS - Kentucky Homes - Horse Farms (Lizette Realty - Lexington KY - Richmond KY) over 2 years ago

Lina - That's interesting

Bryant - Wow, that's interesting. 

Lizette - You are a lucky girl.  Thankfully my last short sale only took two months from start to finish.

Posted by Michelle Gibson REALTOR® Wellington Florida Homes for Sale (Hansen Real Estate Group Inc. ) over 2 years ago

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