Here is our guide to Wilton Manors Luxury Homes and Real Estate.
We review current sales prices for Wilton Manors Luxury homes as well as median sales prices for 2007 – 2016.
Importantly we look at the volume of luxury sales from 2007 to 2016 and then compare this with the number the luxury sales relative to overall sales for the same periods!
Note: For our purposes Luxury Wilton Manors Homes are defined as those homes selling for over $500,000.
Wilton Manors Luxury
Homes & Real Estate
August / Sept 2017
There are currently 25 Luxury Wilton Manors Home for Sale.
25 Luxury Wilton Manors Homes for Sale is well down from the 34 x Luxury Wilton Manors Homes for Sale in our last post for June / July 2017…
Which in turn was down 42 Luxury Wilton Manors Homes for Sale in our earlier post for April / May 2017!
The market analysis report for these 25 x luxury homes for sale is presented below
|BEDS / BATHS||LA||LP$|
|Min||2 / 2||1222||$514,900|
|Max||7 / 6||4617||$1,598,888|
|Avg||3 / 3||2171||$691,330|
|Median||3 / 2||1973||$625,000|
We can see from this report that the average price for a luxury Wilton Manors home is $691,330 – and the median price is $625,000 – up by over $36,000 from our prior post!
In our last post the average price for a luxury Wilton Manors home was $666,129 – and the median price was $600,000
In our prior post the average price for a luxury Wilton Manors home was $652,664 – and the median price was $588,500
Both the average and median prices in this and our last post are / were based on 3 bedroom single family homes.
It is important to note however that luxury real estate prices here in Wilton Manors are very specific and median pricing can be influenced by many factors including, number of homes for sale, homes location, number of waterfront vs non waterfront homes, condition of the homes for sale and size.
Median Pricing Data
2007 – 2016
Here is the median pricing data for Wilton Manors Luxury Homes sold from 2007 – 2016
|2016||3 / 2||2,266||$620,000|
|2015||3 / 2||2,192||$614,850|
|2014||3 / 2||2,107||$616,000|
|2013||3 / 3||2,611||$649,000|
|2012||3 / 3||2,857||$525,000|
|2011||4 / 3||3,228||$528,500|
|2010||4 / 3||2,952||$600,000|
|2009||4 / 3||3,076||$542,500|
|2008||3 / 2||2,400||$612,500|
|2007||3 / 2||1,957||$627,500|
We can see from this report how median prices fell from a high of $627,500 in 2006 to a low of $525,000 in 2012.
It is encouraging to see median prices work there way up-to the median in 2016 at $620,000.
It is important to note that despite this rebounding of median sales price – recent median sales prices for Wilton Manors luxury homes…
Median sales prices softened a little since 2013 – but are now back on the rise in 2016!
Sales Price to Sq Ft Price
An important indicator for Wilton Manors luxury homes is the median sale price to square foot price paid.
The graph above and the chart below show us the median square foot prices paid for Luxury Wilton Manors Homes from 2006 to 2016
|2016||3 / 2||2,266||$308|
|2015||3 / 2||2,192||$267|
|2014||3 / 2||2,107||$288|
|2013||3 / 3||2,611||$259|
|2012||3 / 3||2,857||$218|
|2011||4 / 3||3,228||$180|
|2010||4 / 3||2,952||$201|
|2009||4 / 3||3,076||$246|
|2008||3 / 2||2,400||$289|
|2007||3 / 2||1,957||$329|
|2006||3 / 2||1,812||$338|
We can see from this data that the highest median square foot priced paid were in 2006 – when the median was $338.00 per square foot.
It is important to note that the median price paid per square foot for luxury Wilton Manors Homes in 2016 at $308.00 is still $30.00 per square foot lower than the median paid in 2006!
Wilton Manors Luxury Homes
Volume of Sales 2006 – 2016
Another very important real estate monitor for luxury Wilton Manors Homes is the number of luxury sales we actually have per year.
The graph above and the chart below show us this data.
|Luxury Homes||Number of Sales|
We can see from this data that the highest number of sales of luxury homes was in 2016 – when there were 45 sales over Luxury Wilton Manors homes over $500,000.
Wilton Manors Luxury
Home Sales to All Home Sales
The most important indicator to me however is comparing the number of Luxury Wilton Manors homes sales to ALL Wilton Manors home sales – which we can see in the graph above and in the chart below.
In 2007 there were 30 luxury Wilton Manors home sales out of 88 total Wilton Manors home sales – over 33% of all sales.
In 2016 there were 45 luxury home sales out of 216 total Wilton Manors home sale – just over 20% of all sales.
These statistics to me are very telling as they reflect the lower level of luxury homes sales here in Wilton Manors.
Last year I wrote that I personally believed that we are going to start to see the number of luxury Wilton Manors home sales surge as a percentage of sale.
And we did up from 22 luxury home sales in 2015 to 45 luxury homes sales in 2016!
This I growth I believed /would be/ will be driven by several factors:
- the increase in median prices of Wilton Manors homes overall
- the increasing costs associated with renovating a home – if you update kitchens, bathrooms and the outdoor / pool area
- the increase in the number of buyers wanting to live in Wilton Manors – which I believe will increase as the main street project commences!
Million Dollar Homes
A further indicator in how the market for Luxury Wilton Manors Homes will develop can be found if you look at the number of luxury homes sold for over $1 Million.
The MLS records over 1600 homes sales here in Wilton Manors, of which just 7 homes sold for over $1 Million dollars.
Here is our market summary report for these luxury Million Dollar home sales.
|High||4 / 4||3,454||$1,279,000|
|Low||3 / 3||2,563||$1,049,000|
|Avg||4 / 3||2,962||$1,141,571|
|Med||4 / 3||2,976||$1,140,000|
We can see from this report that the median sales price for a luxury Wilton Manors home sold for over $1 Million was $1,140,000 – this being for a 4 bedroom 3 bathroom luxury home of 2976 square feet with a sales price to square foot price of $396.00
Also important to note is the most expensive sale of a luxury home here in Wilton Manors which was for 2032 NE 6th Terrace which sold for $1,279,000
This luxury Wilton Manors home was situated on a huge corner lot located in Wilton Cove. The home was the last of 18 Glenn Wright custom designed, estate homes.
This 4 bedroom, 4.5 bath home features granite counter-tops, saturnia marble floors throughout, breakfast nook, library, an oversized family room and second floor private balcony!
I hope you have enjoyed this post of Wilton Manors Luxury Homes
Kevin Wirth P.A. Realtor
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