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The Real Deal Miami

A look at Wellington Shores

February 23, 2011 09:33AM

The Wellington Shores neighborhood has 12 of its 181 homes in
foreclosure, a 6.6 percent rate, or about one of every 15 homes,
according to data from CoreLogic. The neighborhood is located in
Wellington past U.S. 441, and 91.2 percent of homes there have a homestead exemption, meaning they are the primary
residence of a permanent Florida resident. The 2010 median sale price in
the area was around $365,000, up 17.7 percent from 2009, but down from a
2006 peak of $550,000. [Palm
Beach Post]