As at time of writing there are 80 Wilton Manors Homes for sale – which is up from our last post in October when there were 71 Wilton Manors Homes for Sale.
Both these numbers are well up from the 59 homes for sale here in Wilton Manors in September!
The market analysis summary report for these 80 homes is presented below:
We can see from this report that the average price for a home here in Wilton Manors is $452,981 and the median price is $397,000.
In our last report in October the average price was $427,122 and the median price was $399,000.
Important to note is that Wilton Manors offers a number of waterfront homes for sale – if we remove these waterfront homes the median price for a Wilton Manors Home drops to $370,000
Also Important to note are the difference in median prices across our different neighborhoods – where median prices for non waterfront single family homes range from $324,700 in West Wilton Manors to $422,000 in East Wilton Manors – a difference of almost $100,000
Wilton Manors Homes for Sale Up 50%
Are we back to a Buyers Market?
With 90 Wilton Manors Homes for Sale – our inventory of single family homes for sale is up 50% from traditional levels.
Typically we have around 55 – 60 homes for sale at any one time.
This “surplus” of homes for sale will place pressure on many sellers and recent sales data would suggest median sales prices over the next few months may well be down by around $40,000 from list prices!
If you are a buyer the next few months looks like it will be a great time to purchase a home here in Wilton Manors…
If you are a seller and you want to sell for the best price you will need to review the data below and then take steps to ensure your homes marketing sets it apart from the crowd!
Median Home Prices vary by
$40,000 between Neighborhoods
We have had 40 sales of Wilton Manors Homes (single family homes) over the last 90 days.
Of these 34 homes – 27 have been non waterfront homes
The overall pricing summary for Wilton Manors non waterfront home sales for the last 90 days is presented below – the pricing summary by neighborhood then follows.
Important to note however is that median sales prices for homes varies between our 3 main neighborhoods -from $300,000 in Central Wilton Manors to $340,000 in East Wilton Manors – a difference of $40,000!
In our last post the difference between our three neighborhoods was over $90,000 or 34%!
Also important to note is that median sales prices for Wilton Manors Homes are down over $25,000!
We discuss home prices and differences between neighborhoods in more detail below…
Foreclosure / Pre-foreclosure Activity
Still Strong in Florida
Foreclosures and pre-foreclosures are still impacting Florida Real Estate including both Wilton Manors Homes and Condos for sale and the number of Fannie May and Freddie Mac “pending” foreclosures are at levels above those seen in 2010!
Sections of Wilton Manors Real Estate - especially East Wilton Manors appear lest likely to be impacted – while foreclosure homes and condos are still pending release in both Central and West Wilton Manors!
Neighborhoods outside Wilton Manors will see a much greater impact – over the short-term which will suppress prices for Real Estate across the board – making now a great time to buy!
In this New Report for Nov/Dec 2014 we review both Foreclosure and Pre-Foreclosure activity in both Fort Lauderdale and Wilton Manors
Many of my buyers looking at Wilton Manors Homes for sale – specifically ask to see homes with pools.
In this post I present an overview of all the Wilton Manors Pool Homes for Sale
I then outline my thoughts on why opening up your search to Wilton Manors Homes for sale without pools can make a lot of sense – from an ownership perspective, financially and from a resale perspective!