Foreclosures still impacting Wilton Manors Real Estate

Wilton Manors Real Estate is still feeling the effects of the “Foreclosure Crisis” as both single family homes and condos in foreclosure continue to be offered up for sale.

Buyers are “snapping up” foreclosures and sales prices are reflecting the strong level of demand for both homes and condos …

  • Wilton Manors homes sold in foreclosure have been selling for slightly below list price with a median sales price of $296,625
  • Wilton Manors condos sold in foreclosure have been selling for above list price with a median sales price of $115,000.

Foreclosures in surrounding neighborhoods are also attracting buyers…

We are seeing a lot of foreclosure activity especially in neighborhoods next to Wilton Manors including: Lauderdale Lakes, South Middle River and Middle River Terrace.

And then to a lesser degree in Oakland Park.

Continue reading Foreclosures still impacting Wilton Manors Real Estate

Wilton Manors Homes Sales – Last 90 Days

We have had 44 sales of Wilton Manors Homes (single family homes) over the last 90 days  – up slightly from 43 sales in our last post for February / March 2016

Key Statistics for Buyers / Sellers

  • Sales Prices from $180,600 – $880,000
  • Highest Volume of Sales $350,000 – $399,999
  • Highest Sq Ft Price Paid $454.00

Median Prices

  • Sales Price $414,500 up 13.5%
  • Sales Price to Sq Ft Price $251.00
  • Sales to List Price 97%
  • Days on Market 62 Days

The increase in median prices is very pleasing – especially given the increase in the number of Wilton Manors homes for sale!

Continue reading Wilton Manors Homes Sales – Last 90 Days