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Elliman Report: Wellington Sales 4Q 2016

The Wellington housing market was characterized by modest gains in median sales price but with fewer sales at the upper and entry levels of the market. Year over year sales activity between the $500,000 and $1 million threshold looked to be the sweet spot with a 15.6% increase in activity. Sales below the $500,000 threshold declined 12.7% and sales above $1 million fell by half over the same period. The median sales price of a single family was $380,000, up 5.6% and a condo was $220,000, up 3.5% respectively from the year ago quarter…

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