Category Archives: News Reports

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.

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Foreclosures Impact Wilton Manors Real Estate

Chart Showing Foreclosures in Florida that will impact Wilton Manors Real Estate

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

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Wilton Manors Homes – A Buyers Market?

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!

Continue reading Wilton Manors Homes – A Buyers Market?