Real Estate Market Report for Wellington – 2015 Q1

Wellington
The real estate market in Wellington saw an increase in available homes this quarter relative to the previous. March led this quarter with 95 closings worth $ 37.8M dollars. In total, there was 265 closings this quarter. Closings in Wellington were lower in Q1 in comparison to last quarter. Furthermore, closings this quarter were down in comparison to Q1 of last year. January was the favored month in Wellington to list this quarter, as 134 homes were added. Overall, listings were up this quarter when compared to last quarter and are lower from the same time last year.

The following is a table of statistics analyzing changes in the Wellington real estate market, in addition to some graphs of the data over time.

This Quarter vs. Last quarter vs. Last Year
Total Inventory 904 6% 849 6% 846
New Listings 400 19% 335 -11% 452
Avg List  $ 711.7k 13%  $  629k 7%  $  662.5k
Closings 265 -23% 348 -4% 278
Avg Closing  $ 527.6k 10%  $ 479.4k -7%  $ 571.3k
Avg DOM 128 6% 120 7% 120
$/sq. ft  $ 164.90 6%  $ 154.43 -7%  $ 177.70

 

Wellington 2015 Q1 Market Report

 

Wellington 2015 Market Report - $/sq. ft.

%d bloggers like this: