Viewof a luxury Wilton Manors Home - recently sold

Luxury Wilton Manors Homes

Key Statistics for Buyers / Sellers

  • Luxury Home Prices from $512,500 – $1.5 Million
  • Median List Price $649,000 – 3 / 2 Home

Median Sales Prices

  • Sales Price $585,000
    – Waterfront $613,750 – 3/2 Home
    – Non Waterfront $575,000 3/2 Home
  • Median Sales to List Price 98%
  • Days on Market 66 Days 

Highest Sales Prices – Last 90 Days

  • Highest Price paid $880,000
    – Waterfront 4/3 Pool Home
  • Highest Sq Ft Price Paid $454.00
    – Waterfront 3/2 Pool Home

Wilton Manors
Luxury Homes for Sale

Currently there are 80 homes for sale here in Wilton Manors

Of these 80 homes for sale 28 homes are luxury Wilton Manors homes for sale  – with prices starting from $500,000 to over $1 Million

Our market analysis report for Luxury Wilton Manors Homes for Sale is presented below.

 $$ Beds/Baths SF/FF List Price
High 6 / 6 4,617 $1,495,000
Low 2 / 2 1,306 $512,500
Avg 3 / 3 2,319 $709,434
Med 3 / 2 2,243 $649,000


We can see from this report that the median for Luxury Wilton Manors homes for sale is
$649,000 – this being for a 3 bedroom 2 bathroom luxury home of 2243 square feet!

In our last post the the median for Luxury Wilton Manors homes for sale was $614,000 – this being for a 3 bedroom 2 bathroom luxury home of 1940 square feet!

It is important to note that while the median price for luxury Wilton Manors homes for sale is up this month by $35,000 so is the median square footage of the homes for sale at 2243 square feet – an increase in size of 300 square feet!

Luxury Home Sales
Last 90 Days

There have been 13 closed sales of Wilton Manors Luxury homes in the last 90 days.

This is up from the 10 sales of luxury homes in our last post!

The market analysis report for these homes is presented below

 $$ Beds/Baths SF/FF Sale Price
High 4 / 3 3,648 $880,000
Low 3 / 2 1,468 $450,000
Avg 3 / 2 2,316 $604,462
Med 3 / 2 2,087 $585,000


We can see from this report that the average price for a luxury Wilton Manors home sold over the last 90 days has been $604,462 and the median price has been $585,000.

In our last report on Luxury Wilton Manors Homes for Sale the average price for a luxury Wilton Manors home sold over the last 90 days was $552,645 and the median price was $534,200.

Both the average and median prices in this and our last post are based on 3 bedroom 2 bathroom homes.

Highest Price Paid

Our market summary report for the highest price paid for a luxury Wilton Manors home sold in the last 90 days is presented below.

Beds/Baths SF/FF Sale Price SP$/SqFt
4 / 3 3,648 $880,000 $241


We can see from this report that the highest overall price paid was for 2501 NE 19TH Ave which sold for $880,000
 – this home was a 4 bedroom 3 bathroom non-waterfront home of 3648 square feet which sold with a sales price price to square foot price of $241.00

This luxury Wilton Manors home for sale is “Amazing”

This waterfront home offers ocean access and the home has great curb appeal from both the entrance and the water.

The features: Chicago brick, a stately double mahogany entry, a large foyer and gourmet kitchen.

The home has a family room, private office-library as well as elegant travertine floors.  There is a “stunning” backlit onyx staircase and palatial 2nd floor master suite and balcony which overlooks the spectacular freeform salt-water pool and 60’dock

This home sold for 91% of its list price and had just 79 days on market – days on market is the time from when the home was listed for sale till the the time the home sold AND closed!

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.

Important to note is that over recent posts this premium has been slowly but surely declining!

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.

 Median Beds/Baths SF/FF Sale Price
W/Front 3 / 2 1,992 $613,750
NonW/F 3 / 2 2,183 $575,000

 

We can see from this report that the:

  • median sales price for luxury Wilton Manors waterfront homes is $613,750 – this being based on a 3 bedroom 2 bathroom home of 1992 square feet with a list price to square foot price of $335.00
  • median sales price for luxury Wilton Manors non-waterfront homes is $575,000this being based on a 3 bedroom 2 bathroom non-waterfront home of 2183 square feet with a list price to square foot price of $263.00

It is important to note that median sales prices luxury waterfront homes at $613,750 is just over $38,000 higher than for sales luxury non-waterfront homes at $575,000.

As we outlined above “Historically” it has been waterfront homes that have commanded much stronger premium prices!

Luxury Homes
Square Foot Prices

Important to note are the square foot prices being paid for luxury Wilton Manors Homes  – based on sales over the last 90 days!

We can see this from the market analysis report below

 $$ SP$/SqFt
High $454
Low $241
Avg $312
Med $305


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 $312.00 and the median has been $305.00

In our last post the average sales price to square foot price for a luxury Wilton Manors Home sold over the last 90 days was $251.00 and the median has been $237.00

Note the highest square foot price paid at $454.00

Highest Square Foot
Price Paid

Our market summary report for the highest square foot price paid for a luxury Wilton Manors home sold in the last 90 days is presented below.

Beds/Baths SF/FF Sale Price SP$/SqFt
3 / 2 1,468 $642,500 $454


We can see from this report that the highest square foot price paid was for 2301 NE 15TH Terrace which sold for $642,500
 this home was a 3 bedroom 3 bathroom waterfront home of 1468 square feet which sold with a sales price price to square foot price of $454.00

This Luxury Wilton Manors home is a rennovated “contemporary” mid-century East wilton manors waterfront home.

This home sold for 95% of its list price and had just 39 days on market – days on market is the time from when the home was listed for sale till the the time the home sold AND closed!

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.

 $$ SP$/LP$
Avg 95%
Med 98%


We can see from this report that the median sales price to list price has been 98% – which is well up from 96% in our last post.

This is 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
Avg 71
Med 66

 

Important to note however are the median days on market at 66 days on market.

This is up from 29 days in our last post! 

Kevin Wirth realtor

My Thoughts / Summary

As I outlined in my last post 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 over the last few posts.

 

Despite this change we are seeing stable levels of sales for luxury homes  – with strong demand for rennovated / updated homes.

Both the most expensive sale and the highest square foot price paid were for updated luxury homes!

This in my mind is where the Wilton Manors Luxury home market is moving – towards renovated turn key homes for sale!

I hope you have enjoyed this post on luxury Wilton Manors Homes for Sale by Kevin Wirth Realtor.