Page 27 - IPRE Luxury Report

WELLINGTON
EQUESTRIAN | NATURE | POLO
Palm Beach gives way to greener pastures for horse lovers in Wellington. Home to an internationally recognized equestrian community (with a social scene to match), this city offers endless opportunities to play by day and ride off into the sunset at night.
Each January through April, Wellington’s equestrian season leaps into action. The Winter Equestrian Festival welcomes the world’s top riders in show jumping and dressage for 12 weeks of competition. During Palm Beach International Polo Season, you can’t swing a mallet without hitting a daily event or field-side brunch.
Single Family Homes
SINGLE FAMILY HOMES
Number of Sales
Average Sales Price
Median Sales Price
Average Square Footage
Price Per Square Foot
Average DOM
Sales Sold at Original List Price
Top Sale Price
Total Sale Volume
2022 Q3
55
$2,667,716
$1,600,000
3,796
$778
75
13
$12,000,000
$146,724,357
2023 Q2
51
$2,667,683
$1,750,000
3,774
$724
88
6
$12,200,000
$136,051,833
2023 Q3
37
$3,326,027
$1,500,000
4,331
$688
111
1
$21,850,000
$123,063,000
2023 Q3
3
$1,383,333
$1,100,000
1,848
$764
38
1
$1,950,000
$4,150,000
% CHANGE (YEAR)
▼32.7%
▲24.7%
▼6.3%
▲14.1%
▼11.5%
▲47.7%
▼92.3%
▲82.1%
▼16.1%
% CHANGE (YEAR)
▼70.0%
▲10.2%
▼7.6%
▼34.4%
▲42.8%
▼47.3%
▲0.0%
▲14.7%
▼66.9%
% CHANGE (QUARTER)
▼27.5%
▲24.7%
▼14.3%
▲14.8%
▼4.9%
▲25.8%
▼83.3%
▲79.1%
▼9.5%
% CHANGE (QUARTER)
▼83.3%
▲3.3%
▼12.0%
▼16.9%
▲17.8%
▲56.1%
▼75.0%
▼6.9%
▼82.8%
Condos & Townhomes
CONDOS/TOWNHOMES
Number of Sales
Average Sales Price
Median Sales Price
Average Square Footage
Price Per Square Foot
Average DOM
Sales Sold at Original List Price
Top Sale Price
Total Sale Volume
2022 Q3
10
$1,255,000
$1,190,000
2,817
$535
73
1
$1,700,000
$12,550,000
2023 Q2
18
$1,339,111
$1,250,000
2,223
$649
25
4
$2,095,000
$24,104,000
TOP RESIDENTIAL SALE $21.9M
13893 GRACIDA ST, WELLINGTON, FL 33414
ILLUSTRATED PROPERTIES | IPRE.COM