How is the Wellington Florida Real Estate Market? May 2016
Wellington Florida Real Estate Sales in May 2016
Wellington Florida Real Estate Sales in May 2016 were steady. Last year at this time there were 136 homes sold compared to 121 Homes Sold in May 2016. Of this number, 20 of the homes sold in Wellington were Townhomes/Condo’s and Villas. There were 101 Wellington Single Family Home Sales. Currently Wellington Florida Real Estate is experiencing a Sellers Market!
Let’s take a look at how some of Wellington’s top Single Family Home communities faired in May 2016
Anthony Groves – 5 Homes Sold for an average of $305,600 or $128.34 Per Square Foot of Living Area within 33 Days on Market – There was 1 Bank Owned Sale. This popular guard gated community features lush landscaping and stunning lakes. There are many amenities including a community clubhouse, fitness center, resort style swimming pool and spa, picnic area, sheltered party pavilion, tennis courts, roller-hockey rink, and a playground. Buyer Approval; Commercial Vehicles Prohibited; Interview Required; Lease OK; No Truck/RV; Tenant Approval; Pet Restrictions; Up to 2 Pets
Binks Forest – 3 Homes Sold for an average of $414,000 or $159.09 Per Square Foot of Living Area. Binks Forest wins the contest for HOMES SELLING THE QUICKEST in the Wellington Florida Real Estate Market with homes selling within ONLY 12 Days of being on the Market! Binks Forest has close to 600 Estate Homes and Single Family homes built by MI Homes, Lennar, and Centex. This popular gated community has Very Low HOA fees. Binks Forest Wellington Florida Real Estate Market Greenview Shores Boulevard past Paddock Drive to Binks Forest Drive or go west on Southern past Forest Hill Boulevard to Binks Forest Drive.
Black Diamond -3 Homes Sold for an average of $446,900 or $110.67 Per Square Foot of Living Area in an average of 66 Days on Market! This Guard Gated community is located on US 441 (SR7). There was 1 BANK OWNED Sale in May 2016.
Castellina – 3 Home Homes Sold for an average of $550,000 or $236.85 Per Square Foot of Living Area in an average of 50 Days on Market. This NEWER Guard Gated community of single family homes was built by Divosta from 2012 to 2016. Located off Stribling Road west of US 441 (SR7)
Greenview Shores – 9 Homes Sold for an average of $376,389 or $156.14 Per Square Foot of Living Area within an average of 58 Days on the Market. Great NON Gated community with NO HOA, typically with ¼+ Acre Homesites. There was one home SOLD through a SHORTSALE. There are numerous “subdivisions” within Greenview Shores. Greenview Shores covers a lot of territory. Big Blue Trace and Greenview Shores Boulevard with Wellington Trace on the north side and South Shore Boulevard on the south side.
Lakefield of the Landings at Wellington – 3 Single Family Homes Sold for an average of $394,000 or $178.68 Per Square Foot of Living Area within an average of 169 Days on Market . This gated community is next to the very exclusive private Wanderers Golf and Country Club. Equestrians love this community as it is close enough to the Winter Equestrian Festival that you could ride your bike or golf cart to the show! To get to Lakefield take Greenview Shores to Greenbriar Boulevard to Aero Club Drive then to Lakefield.
Mallet Hills of Wellington – The winner of the MOST EXPENSIVE Wellington Florida Real Estate Sold goes to Mallet Hills of Wellington! 3 Single Family Homes Sold for an average of $11,953,668 astounding $1,528.62 Per Square Foot of Living area in 0 Days of being on the market! These extravagant homes offer not only luxurious accommodations for the owners but gorgeous barns, grassy paddocks and all weather arenas for the four legged inhabitants. Just steps to the Wellington horse shows! To get to Luxury Equestrian community take South Shore Boulevard to Pierson Road.
Olympia – 7 Homes Sold for an average of $461,714 or $139.98 Per Square Foot of Living area within an average of 130 Days on Market. Of the 7 homes sold in Olympia, 2 of them were sold BANK OWNED and 1 was a SHORTSALE. Guard Gated community that is truly a world of unto itself with the magnificent Villa Olympia clubhouse with 5 Star Resort amenities! Located on the corner of Forest Hill Boulevard and US 441 ( SR7)
Grand Isles ( aka Orange Point) 4 Home Sales for an average of $344,250 or $180.65 Per Square Foot of Living area in an average of 26 Days On Market –Known for its reasonable HOA fees – No restrictions on size/breed of pets, but limit is 2. Lots of amenities such as clubhouse with catering kitchen and hall, tennis and basketball, resort style pool, 24 hour manned gated community with security patrol. Lake Worth Road west of US 441 (SR7)
Palm Beach Point – 3 Equestrian Estate Homes Sold for an average of $5,206,667 or $2,729.33 Per Square Foot of Living area in an average of 96 Days on the Market – The 5+ Acre estates are within hacking distance to Grand Prix Village & WEF Showgrounds. Luxury well-appointed homes also offer magnificent barns, groom quarters, tack room, paddocks some with dressage rings and more. Greenbriar Boulevard to Palm Beach Point Blvd.
Pinewood – Total of 7 Homes Sold ranging in price from $295,000 for a 3BR 2 BA Home with 1,574 Square Feet of Living Area in Pinewood East to a high of $615,000 for a 5BR 3BA Luxury home with 4,585 Square Feet of Living Area in Pinewood Grove. There are 3 different sections of Pinewood. Pinewood East with over 100 Single Family homes on 1+ acre lots. Pinewood Grove has homes on minimum lot sizes of ½ acre up to 1.5 acres and Pinewood Manor. The Pinewood communities are known for spacious oversized lots and NO HOA!
Sugar Pond Manor – The Winner of the MOST HOMES SOLD in the Wellington Florida Real Estate Market goes to Sugar Pond Manor with 10 Homes Sold for an average of $324,950 or $158.31 Per Square Foot of Living Area within an average of 18 Days on Market – Majority of the homes sold were 3BR 2BA pool homes with 1800-1900 Square Feet, and offered pools. Sugar Pond Manor is known for offering well sized lots and the fact that there is NO HOA.
Village Walk – 4 Homes Sold for an average of $378,750 or $185.46 Per Square Foot of Living Area within an average 11 Days on the Market. This Guard Gated community was built by well-known builder, DiVosta. This Popular waterfront community has plenty of amenities including a 24 hour manned gate, pool, tennis courts, basketball, fitness center and even a central area with a café and post office! This active community features 6 miles of bike and jogging trails as well! Conveniently located on the East side of Lyons Road and Forest Hill Boulevard.
Wellington’s Edge – 6 Single Family homes sold for an average of $254,000 or $179.72 Per Square Foot of Living area within 46 Days of being on the market. This guard gated community offers townhomes as well as single family homes and is very popular! Conveniently situated across from the Wellington Mall off Forest Hill Boulevard.
Wellington Lakes – 5 Homes SOLD for an average of $ 257,980 or $162.19 within an average of 24 Days on the market. This NON Gated community is on Lake Wellington and many of the homes offer stunning Lake Wellington Views. This beautiful community offers a serene community lakefront pool, Jacuzzi and a Dock for homeowners to rest and relax! Located on the east side of Big Blue Trace just a few blocks from South Shore Boulevard.