Market Update – Feb 2017

Wilton Manors Homes for Sale
Market Update – Feb 2017

Here is my February 2017 market update for Wilton Manors Homes for Sale – Kevin Wirth Realtor

Key Real Estate Facts
  • Larger than normal Inventory of Wilton Manors Homes for Sale fluctuating between 90-100 Homes for Sale
    – Prices range from $249,000 just under $2 Million
    – Median List Price $529,900
    1 out of every 2 homes for sale has lowered their price!
    – Currently we have 7.5 Months of Supply
  • Strong Pending Sales -Averaging 20 – 25 Homes
    – Median Days on Market – 46 Days
  • Strong Sales Last 6 Months 80 Homes Sold
    (period 8/10/2016 – 2/10/2017)
    – Median Sales Price $392,500
    – Median Days on Market – 70 Days
    – Median Sales Price to List Price – 93%
    – Highest Volume of Sales Activity $350,000 – $399,999

Continue reading Market Update – Feb 2017

Market Update Condos – Feb 2017

Wilton Manors Condos for Sale
Market Update – Feb 2017

Here is my February 2017 market update for Wilton Manors Condos for Sale – Kevin Wirth Realtor

Key Real Estate Facts
  • Larger than normal Inventory of Wilton Manors Condos for Sale fluctuating between  80-90 Condos for Sale
    – Prices range from $75,000 to $580,000
    – Median List Price $189,950
    Nearly 1 out of every 2 condos for sale has lowered their price!
    (there have been over 40 price adjustments)
    – Currently we have 6.5 Months of Supply
  • Strong Pending Sales -Averaging 30 Condos
    – Median Days on Market – 80 Days
  • Strong Sales Last 6 Months 73 Condos Sold
    (period 8/10/2016 – 2/10/2017)
    – Median Sales Price $159,900
    – Median Days on Market – 70 Days
    – Median Sales Price to List Price – 94%
    – Highest Volume of Sales Activity under $149,999

Continue reading Market Update Condos – Feb 2017

Wilton Manors Homes – Prices by Neighborhood

West – Central – East

Prices for Wilton Manors Homes vary dramatically depending on which neighborhood you are in.

Wilton Manors has 3 distinct neighborhoods West Wilton Manors, Central Wilton Manors and East Wilton Manors

Home prices over the last 90 days vary by over $290,000 between these 3 neighborhoods.

Median sales prices across all 3 of our neighborhoods here in Wilton Manors have softened since our last post!

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S/East Wilton Manors Waterfront Homes

South East Wilton Manors
Waterfront Homes

Median sales prices for South East Wilton Manors Waterfront Homes have more than doubled since 2011.

Median Sales Prices for South East Wilton Manors Waterfront Homes increased by $95,000 or 16.5% last year!

South East Wilton Manors Waterfront Homes command a significant premium over all over Wilton Manors waterfront homes!

Key Factors

2016 Sales Prices ranged from $450,000 to $1,050,000

Median Sales Data for 2016

Sales Price $670,000
– 3 bedroom 2 bathroom Waterfront Home

Days on Market 83 Days
Sales Price to Square Foot Price $317.00
Sales Price to List Price 96%

Data is based on MLS statistics / comparables – however this does not include FSBO’s / Home Sold by Owners.

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