Monday, August 10, 2009

"Wellington" eNews

Once the world’s largest strawberry patch, known as the Flying Cow Ranch consisting of 18,000 acres of swampland the Village of Wellington was developed into a planned community in 1972 and is part of Palm Beach County. Once just a bedroom community, Wellington has seen much progress and development since becoming incorporated in 1995 and is currently home to the world’s largest horse show held annually from the first week of January through mid March.

Wellington has seen a steady growth, with an impressive 44% increase in population since the year 2000. Attracted by top-rated schools, a large number of recent residents are families with young children, making the Village of Wellington a wonderful place to raise a family, invest in and retire to.
The median price for a home in the Village of Wellington is $469,000 and property values have maintained an average appreciation of 5.25 percent annually while it has decreased in other parts of the nation.

There is a very low unemployment rate of only 2.6% while the rest of the nation is averaging around 4.6% and the jobs in the area have also increased by 2.61%. There are currently hundreds of properties listed on the MLS for sale in the Village of Wellington and range in price from 179,000 for a two bedroom two bath condo to 17,000,000 for an eight-bedroom horse ranch with the main house having five full baths and three half baths as well as a 3-bedroom two bath managers’ home, a two bedroom and a three-bedroom unit for grooms. There are also many listings available in between these two extremes.

According to the US census for 2007 the population of the Village of Wellington was 54,791. There were 12,938 households and 10,686 families residing in the village. The population consists mainly of thirty some things with the median age standing at 37. The median income for a household in the village was $87,000 and the median income for a family was $84,078. Males had a median income of $97,000 versus $91,000 for females. The per capita income for the village was $40,726.

All of the elementary schools and middle schools within its boundaries are currently A-rated by the Florida Department of Education. There are two high schools in Wellington – Wellington Community High School, which is A-rated, and Palm Beach Central High School, which is also A-rated.