Luxury Real Estate
Wilton Manors offers a great range of luxury real estate – especially single family homes.
Our range of offerings is very strong especially if you are looking at luxury homes and luxury waterfront homes.
Key Statistics for Buyers / Sellers
- Prices from $510,000 – $1.6 Million
- Median List Price $604,450
– Waterfront $718,000
– Non-Waterfront $575,000
- Median Sales Price last 90 Days $550,000
- Median Sales to List Price 96%
- Days on Market 35 Days – Very Fast!
Wilton Manors literally exploded in new construction of luxury real estate both in homes and condo/condominium complexes right up-to the market crash.
Many new developments were built in and around Central Wilton Manors / Wilton Drive with of course the exception of Wilton Station in East Wilton Manors – some of these complexes offer luxury units priced at $500,000 or more.
Luxury Homes for Sale
There are currently 24 Luxury Wilton Manors Homes for Sale – this is the same number of luxury homes for sale as in our last post!
The market analysis report for these 24 x luxury homes for sale is presented below
|High||6 / 6||4,617||$1,600,000|
|Low||2 / 2||1,390||$510,000|
|Avg||3 / 3||2,348||$722,212|
|Med||3 / 3||2,098||$604,450|
We can see from this report that the average price for a luxury Wilton Manors home is $722,212 – and the median price is $604,450.
- In our October / November Update the average price for a luxury Wilton Manors home was $710,621 – and the median price was $614,000.
- In our August / September Update the average price for a luxury Wilton Manors home was $703,067 – and the median price was $599,000.
- In our June Update the average price for a luxury Wilton Manors home was $762,914 – the median price was $689,000
Both the average and median prices in this and our last update are / were based on 3 bedroom single family homes.
Median prices for luxury Wilton Manors homes have been softening over recent months – however in this category home prices 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.
Vs Luxury Non-Waterfront
Important to note there are some differences between median prices for luxury Wilton Manors waterfront homes for sale and luxury Wilton Manors non-waterfront homes for sale.
Our market summary report below highlights these differences…
|W/Front||3 / 2||1,772||$718,000|
|NonW/F||3 / 3||2,200||$575,000|
We can see from this report that based on median prices of homes for sale….
Luxury Wilton Manors waterfront homes for sale command a premium of over $140,000 more than do luxury non-waterfront homes.
This premium is in spite of the fact that luxury waterfront homes offer a smaller square footage based on median prices.
Prices by Neighborhood
Wilton Manors has 3 distinct neighborhoods – West Wilton Manors, Central Wilton Manors and East Wilton Manors.
Our pricing guide for Wilton Manors Luxury Homes for sale by neighborhood is presented below.
|ALL||3 / 3||2,098||$604,450|
|West||4 / 3||2,099||$549,500|
|Central||3 / 2||3,013||$764,450|
|East||3 / 2||1,856||$716,500|
We can see from this report that while the median for luxury homes for sale across all of Wilton Manors is $604,450 – the median varies dramatically by neighborhood!
A variance of over $200,000 between West Wilton Manors and Central Wilton Manors!
West Wilton Manors
From this report we can see that Luxury West Wilton Manors Homes for Sale have a median price of $549,500 – this being for a 4 bedroom 3 bathroom home of 2099 square feet.
Important to note is the median square foot price at $274.00
Central Wilton Manors
Luxury Central Wilton Manors homes for sale have median price of $764,450 – this being for a larger 3 bedroom 2 bathroom home of 3013 square feet.
Again it is important to note is the median square foot price at $338.00
East Wilton Manors Luxury Homes
East Wilton Manors homes for sale have a median price at $716,500 – this being for a 3 bedroom 3 bathroom home – a much smaller home of 1856 square feet.
Important to note is the higher median square foot price at $357.00 – which is the highest median square footage of all luxury homes for sale!
Wilton Manors Luxury Homes
Here is our pricing guide based on recent sales of ALL Wilton Manors Luxury Homes over the last 90 Days / 3 months – both waterfront and non waterfront homes.
|High||4 / 3||2,644||$812,500|
|Low||2 / 2||1,500||$467,250|
|Avg||3 / 2||2,128||$584,450|
|Med||3 / 2||2,254||$550,000|
We can see from this report that the median price for a luxury home sold in Wilton Manors over the last 3 months has been $550,000 – this being based on a 3 bedroom 2 bathroom home of 2254 square feet with a sales price to square foot price of $280.00
Note: While this months median sales prices for luxury Wilton Manors is the same as in our last post it is down from our earlier post…
In our earlier post for August / September the median price for a luxury home sold in Wilton Manors over the preceding 3 months was $756,250 – this being based on a 3 bedroom 3 bathroom home of 2674 square feet with a sales price to square foot price of $271.00
Despite this drop in overall median sales price – the median sales price to square foot price is up – from $271.00 to $280.00
Sales to List Price
An important real estate indicators that is important to note is how much buyers are paying for Luxury Wilton Manors Homes – based on the percentage of sales price to list price.
The market analysis report for this is presented below
We can see from this report that the median sales price to list price for Luxury Wilton Manors Homes is 96% – up slightly from 95% of list price as per our last post!
This means if a Luxury Wilton Manors Home for sale is listed at $700,000 – then based on median sales data the home could be expected to sell for 96% of that amount or $672,000.
Days on Market
Days on market for Luxury Wilton Manors Homes for Sale is an important indicator on how our real estate market is preforming – in terms of demand.
Here is the market analysis report for Days on Market based on home sales over the last 90 days.
|$$||Days on Market|
We can see from this report that the average days on market for Luxury Wilton Manors Home for Sale is45 days – this is the time from when the home was listed for sale till the home sold AND closed.
More importantly is the median days on market at just 35 days – well down from 56 days in our last post!
35 days is very fast and reflects very strong demand for Luxury Wilton Manors Homes!
I hope you have enjoyed my post on Luxury Wilton Manors Real Estate and Homes for Sale
Kevin Wirth Realtor – 954-459-0337