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.