Mary & Dick's Blog

Wellington CO July 2012 Real Estate Market Report

Here is the Wellington CO July 2012 Real Estate Market Report:

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Wellington CO July 2012 Real Estate Sales

June Property sales were 20, down -20.0% from 25 in June of 2011 and -13.0% lower than the 23 sales last month. June 2012 sales were at their lowest level compared to June of 2011 and 2010. June year-to-date sales of 94 are running 11.9% ahead of last year's year-to-date sales of 84.

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Wellington CO July 2012 Real Estate Prices

The Median Sales Price in June was $195,330, up 6.9% from $182,756 in June of 2011 and up 11.3% from $175,575 last month. The Average Sales Price in June was $191,386, down -0.1% from $191,598 in June of 2011 and down -3.0% from $197,228 last month. June 2012 Average Sales Price was at the lowest level compared to June of 2011 and 2010.

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Wellington CO July 2012 Real Estate Inventory

The Total Inventory of Properties available for sale as of June was 98, up 10.1% from 89 last month and up 22.5% from 80 in June of last year. June 2012 Inventory was at a mid range compared to June of 2011 and 2010. The Average Days On Market for June was 47, down -33.8% from 71 days last month and down -39.0% from 77 days in June of last year. The June 2012 Average Days On Market was at its lowest level compared with June of 2011 and 2010.

The June data for Wellington CO continued to provide mixed results - sales activity was down, prices were mixed, and inventory was up over previous periods, so the community is lagging a bit behind other area communities, where a gradual recovery seems to be finally underway. This isn't a huge surprise, but we are expecting to see some signs of improvement in the near future. Meanwhile, there are still plenty of very attractively priced homes for ready buyers and interest rates remain highly favorable.

If you would like to check out the available inventory, Search Real Estate Listings for Wellington CO. If you find something you'd like to see, please give us a call - we would be happy to arrange for you to see any of these fine homes at your convenience.

Mary & Dick

Mary & Dick Greenberg
New Paradigm Partners LLC
2601 S. Lemay Ave. #41
Fort Collins, CO 80525
970-689-4663
www.maryanddick.com

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Data Source: IRES MLS

Comment balloon 4 commentsDick Greenberg • July 10 2012 08:04AM

Comments

Dick you certainly covered the Wellington CO real estate market well.  You are the numbers guy. 

I surfed your website in hopes of making a final decision on which web host to go with.  You may have seem me there messing around :)  I have it narrowed down between two... well I think I do.  I only want to do this dance once! 

Posted by John McCormack, CRS, Honesty, Integrity, Results, Experienced. HIRE Me! (Albuquerque Homes Realty) over 6 years ago

Hi Dick --- inventory up, prices slightly up, sales a bit off  -- Wellington looks as if there could be some opportunities for both buyers and sellers in this active market. 

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) over 6 years ago

Hi there Dick, it's quite staggering how different areas can vary so greatly in terms of market conditions. It's the same here, some areas have bounced back and are sellling up a storm - others still lagging behind. I think soon we'll see corrections across the board. In the meantime, it looks like buyers can still get some great values in Wellington.

Posted by Debb Janes EcoBroker and Bernie Stea JD, REALTORSĀ® in Clark County, WA (ViewHomes of Clark County - Nature As Neighbors) over 6 years ago

Hi John, Michael & Debb - Thanks for taking the time to read my Wellington market report and for your comments. And John, if I can be of any help with your decision, please give me a call.

Posted by Dick Greenberg, Northern Colorado Residential Real Estate (New Paradigm Partners LLC) over 6 years ago

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