All posts by Kevin Wirth

Foreclosures Impact Wilton Manors Real Estate

Foreclosure / Pre-foreclosure Activity
Still Strong in Wilton Manors

Foreclosures and pre-foreclosures are still impacting Wilton Manors Real Estate and our surrounds.

Foreclosures seem set to continue to impact MOST of our real estate market for at least the next 14-24 months.

Some sectors however seem set to remain relatively unaffected!

The red dots are foreclosures currently for sale – the blue represent properties in the foreclosure process.

Continue reading Foreclosures Impact Wilton Manors Real Estate

Wilton Manors Real Estate for Sale

June / July Pricing Guide
List Prices Softening

Wilton Manors Real Estate is broken into 3 main neighborhoods: East Wilton Manors, Central Wilton Manors and West Wilton Manors.

Each of these neighborhoods is distinctive and each has different pricing structures for both homes and condos / town homes.

Median Home Prices Condo Prices
Wilton Manors $381,500 $162,400
East $514,900 $329,000
Central $349,900 $159,900
West $329,000 $91,950

 

We can see from this report above how prices for Wilton Manors Real Estate for Sale vary across the different neighborhoods

In this post I look at prices – based on Wilton Manors Real Estate for sale and we also review pricing for homes and condos overall and by neighborhood.

Important to note are the recent pricing changes based on median prices for Wilton Manors Real Estate for Sale across the different neighborhoods

Pricing changes which range from -1% to 10%!

Continue reading Wilton Manors Real Estate for Sale

Wilton Manors Waterfront Homes for Sale June 2014

3 Months Supply of
Waterfront Homes for Sale

Search Wilton Manors Waterfront Homes for Sale

Out of the 62 homes for sale here in Wilton Manors Ft Lauderdale Florida – just 9 homes for sale are waterfront homes.

In the last 6 months we have 20 waterfront homes here in Wilton Manors – creating an absorption rate of over 3 sales per month.

Based on the 9 waterfront homes for sale this means our Inventory of Waterfront Homes for Sale is very low – at under 3 months supply – Achieving optimum pricing for sellers in this market may well be impacted by pending waterfront sales – especially distressed short sales.

Another important consideration for both buyers and sellers of Waterfront Homes is the location of the home  – especially the neighborhood – Waterfront Home prices and sales volumes / prices vary dramatically between East, Central and West Wilton Manors.

In this post we review Wilton Manors Waterfront Homes for Sale, Pending Sales and we discuss pricing, prices per sq ft as well as prices by neighborhood! Continue reading Wilton Manors Waterfront Homes for Sale June 2014

Wilton Manors Homes for Sale June 2014

Wilton Manors Homes

There are currently 62 Wilton Manors Homes for Sale.

The market analysis report for these homes is presented below

Pricing #Beds #FBaths SF/FF ListPrice LP$/SqFt
Average 3 2 1,831.66 $439,496 $246
Median 3 2 1,711.5 $392,450 $237

 

We can see from this report that the average price for a home here in Wilton Manors is $439,496 and the median price is $392,450.

Important to note is that Wilton Manors offers a number of waterfront homes for sale – if we remove these waterfront homes the meidan price for a Wilton Manors Home drops to  $374,000

Also Important to note however are the difference in median prices by neighborhood – where median prices range from $323,900 to $450,000.

In this post we review pricing for non-waterfront Wilton Manors Homes for Sale, we present a pricing guide and we review prices by neighborhood.

Continue reading Wilton Manors Homes for Sale June 2014