Luxury Home Prices
Median prices for luxury Wilton Manors homes for sale are up $55,000 from November 2014.
Median prices for luxury non waterfront homes for sale are now also higher than for luxury waterfront homes.
This is a new and very important indicator of market trends for Wilton Manors Real Estate as typically waterfront homes have always commanded the premium!
In this post we look at Luxury Homes for Sale here in Wilton Manors
We review Luxury Waterfront Homes and Non Waterfront Homes for Sale, give our luxury home pricing guide and look at closed sales over the last 90 days!
Key Statistics for Buyers / Sellers
- Luxury Home Prices from $509,900 – $1.6 Million
- Median List Price $649,500 – 3 / 2 Home
– Waterfront $689,999 – 3/2 Home
– Non Waterfront $834,900 4/3 Home
Median Sales Prices
- Sales Price $506,250
- Median Sales to List Price 95%
- Days on Market 36 Days
Luxury Homes for Sale
Currently there are around 90 homes for sale here in Wilton Manors
Of these 90 homes for sale 26 are luxury Wilton Manors homes for sale – with prices starting from $500,000 to over $1 Million – this is much the same number of homes as in our last report.
Our market analysis report for Luxury Wilton Manors Homes for Sale is presented below.
|High||6 / 6||4,617||$1,600,000|
|Low||2 / 2||1,343||$509,900|
|Avg||3 / 3||2,528||$751,342|
|Med||3 / 2||2,317||$694,500|
We can see from this report that the median for Luxury Wilton Manors homes for sale is $694,500 – an increase of $55,000 from our last report in November 2014.
In our last report the median for Luxury Wilton Manors homes for sale was $639,900.
Luxury Homes and
Luxury Waterfront Homes
Historically Wilton Manors Waterfront homes have commanded a premium over Wilton Manors Homes – a premium of around $70,000 – $100,000 more.
In the market analysis report below we can see the median prices for Luxury Wilton Manors Homes for Sale and Luxury Wilton Manors Waterfront Homes for Sale.
|W/F||3 / 2||2,071||$689,999|
|Non W/F||4 / 3||2,900||$834,900|
We can see from this report that the:
- median price for luxury Wilton Manors waterfront homes for sale is $689,999 – this being based on a 3 bedroom 2 bathroom home of 2071 square feet with a list price to square foot price of $323.00
- median price for luxury Wilton Manors non-waterfront homes for sale is $834,900 – this being based on a 4 bedroom 3 bathroom waterfront home of 2900 square feet with a list price to square foot price of $286.00Note that the median for luxury Wilton Manors non waterfront homes in our last report in November 2014 was $625,000
We can see that median prices luxury non-waterfront homes for sale at $834,900 are 21% higher or $144,901 more than for luxury waterfront homes at $689,999
Luxury non waterfront home offer a larger square footage of almost 40% more space – based on a median 2900 square feet than do luxury waterfront homes at 2071 – square feet.
Luxury Homes for Sale
Here is our pricing guide for luxury Wilton Manors Homes for Sale – based on all luxury homes for sale – both waterfront and non waterfront homes.
|$500,000 – $549,999||4|
|$550,000 – $599,999||5|
|$600,000 – $699,999||5|
|$700,000 – $799,999||2|
|$800,000 – $899,999||4|
|$900,000 – $999,999||5|
|$1,000,000 or over||1|
We can see from this report the spread or inventory of luxury Wilton Manors homes for sale across price points.
It is good to see that in nearly all price points there is a range of homes for sale – usually 4 or 5 homes.
Luxury Home Sales
Last 90 Days
In the last 90 days there have been 12 closed sales of luxury homes here in Wilton Manors.
The market analysis report for these homes is presented below
|High||5 / 3||3,479||$888,000|
|Low||3 / 2||1,684||$470,000|
|Avg||3 / 3||2,272||$563,808|
|Med||3 / 2||2,104||$506,250|
We can see from this report that the average price for a luxury Wilton Manors home sold over the last 90 days has been $563,808 and the median price has been $506,250.
Both the average and median prices are based on 3 bedroom 2 bathroom homes.
Square Foot Prices
Important to note are the square foot prices being paid for luxury Wilton Manors Homes for sale.
We can see this from the market analysis report below
This report shows us the the average sales price to square foot price for a luxury Wilton Manors Home sold over the last 90 days has been $251.00 and the median has been $257.00
Note the highest square foot price paid at $298.00
Sales Price to
List Price %
Another important real estate indicator for Luxury Wilton Manors Homes for sale is the sales price to list price.
We can see this from the report below.
We can see from this report that BOTH the average and median sales price to list price has been 95% – a strong indicator of the demand for Wilton Manors Real Estate!
Days on Market
The final indicator is days on market. This shows how strong the demand has been for Luxury Wilton Manors Real Estate – in this case homes for sale.
|$$||Days on Market|
We can see from this report that the average days on market has been 62 days or just over 2 months.
Important to note however are the median days on market at 36 days – which is fast and indicates strong demand for luxury homes in the median price range.
My Thoughts / Summary
The market for luxury Wilton Manors Homes for Sale is changing dramatically.
It was not so long ago that luxury waterfront homes commended the highest prices – this has changed,
Luxury Wilton Manors Real Estate is “coming of age” and I predict we will continue to see an increase not just in the number luxury homes for sale overall – but also in the short to median term in the number and prices of luxury non waterfront homes for sale in particular!
Over time however I believe median luxury waterfront homes especially in East Wilton Manors will return to a stronger and more dominant position.
We have yet to see a “burst” of new construction activity in waterfront homes that are then placed on the market for sale.
I hope you have enjoyed this post on luxury Wilton Manors Homes for Sale by Kevin Wirth Realtor.