Here is the Wellington CO October 2012 Real Estate Market Report:
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.
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.
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 Greenberg
Data Source: IRES MLS