Mary & Dick's Blog

October 2012 Real Estate Market Report - Wellington CO

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

Header

Wellington CO October 2012 Real Estate Sales

September Property sales were 17, equal to 17 in September of 2011 and -10.5% lower than the 19 sales last month. September 2012 sales were at a mid level compared to September of 2011 and 2010. September YTD sales of 160 are running 23.1% ahead of last year's year-to-date sales of 130.

Header

Wellington CO October 2012 Real Estate Prices

The Median Sales Price in September was $191,025, up 13.1% from $168,900 in September of 2011 and down -8.5% from $208,800 last month. The Average Sales Price in September was $215,072, up 14.8% from $187,402 in September of 2011 and up 2.9% from $208,948 last month. The September 2012 Average Sales Price was at highest level compared to September of 2011 and 2010.

Header

Wellington CO October 2012 Real Estate Inventory

The Total Inventory of Properties available for sale as of September was 78, up 9.9% from 71 last month and down -7.1% from 84 in September of last year. September 2012 Inventory was at the lowest level compared to September of 2011 and 2010. The Average Days On Market for September was 64, up 10.3% from 58 days last month and down -41.3% from 109 days in September of last year. The September 2012 Average Days On Market was at a mid range compared with September of 2011 and 2010.

The activity in the Wellington CO real estate market is highly dependant on what is happening in Fort Collins, its much larger neighbor just to the south. And there are similarities between the two sets of data - a seasonal and expected decline in September sales, small variations in prices and a welcome increase in inventory. Since we're optimistic about seeing conditions continue to improve in Fort Collins in 2013, we also believe that will be the case for Wellington as well.

If you would like to check out the available inventory of homes for sale, take a look at our custom search page for Wellington CO. If you discover something you'd like to see, please give us a call - we would love to arrange some showings for you to look at 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

Ā 

Data Source: IRES MLS

Comment balloon 7 commentsDick Greenberg • October 13 2012 07:27AM

Comments

Okay, you are really the "best" at these market reports. Hey, have I said that before? Seriously Dick, consistent and full of content. Our September inventory was surprisingly low too...

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

Debb is right.  You are the best at market reports.  I think you should post some for Denver and Aurora and send me all the phone calls you get for those....

Posted by Belinda Spillman, Colorado Living! (Aspen Lane Real Estate Colorful Colorado) about 6 years ago

Hi Debb &Belinda - Thanks for taking a look at my Wellington market report and for your kind comments. As much as for my market area, I do these for myself too - they really keep me current with what's happening with the market around here.

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

For all of your real estate needs contact Mary and Dick Greenberg in the Ft. Collins and surround area.  They are the true experts.

Posted by Chris and Dick Dovorany, Broker/Associate at Premiere Plus Realty ( Homes for Sale in Naples, Bonita Springs and Estero, Florida) about 6 years ago

This market is similar to ours.  It starts slowing in October and starts picking back up in January.  The antique business hasn't been so hot lately either.

Posted by Ron Marshall, Birdhouse Builder Extraordinaire (Marshall Enterprises) about 6 years ago

Dick, What a nice report on the market Dick. I am going to tackle some of those graphs soon.

Posted by Debbie Reynolds, Your Dedicated Clarksville TN Real Estate Agent (Platinum Properties) about 6 years ago

PRices still rising and units up.  Now thats what we call recovery in motion.

Posted by Florida Tolbert Team Keller Williams Advantage, Keller Williams Land Division Specialist (Keller Williams Advantage III Realty in Lake Nona) about 6 years ago

Participate