Wilton Manors Homes for Sale - Real Estate Market Trends

Market Update – July / August

Wilton Manors Homes for Sale
Market Update – July / August 2017

Here is my July / August 2017 market update for Wilton Manors Homes for Sale – Kevin Wirth Realtor

Key Real Estate Facts
  • Less Inventory of Wilton Manors Homes for Sale
    fluctuating between 70-80 Homes for Sale
    – Prices range from $282,000 just under $1.6 Million
    – Median List Price $475,000
    62% of homes for sale has lowered their price!
    Currently we have 4.1 Months of Supply
    down from 6.5 Months of Supply as in our last post!
  • Stronger Pending Sales – Averaging 30-35 Homes
    – Median Days on Market – 85 Days
  • Stronger Sales Volume Last 6 Months – 104 Homes Sold
    – Median Sales Price $453,000
    – Median Days on Market – 45 Days
    – Median Sales Price to List Price – 97%

Wilton Manors Homes for Sale
Inventory Levels

Our inventory of Wilton Manors homes for sale has returned to “typical” levels with around 65-75 homes for sale.

In our prior posts we have had a larger inventory of Wilton Manors Homes for Sale with homes for sale – with numbers fluctuating between 90 to just under 100 Homes for Sale!

This higher level of inventory has been prevalent since late last year.

Our market analysis report for Wilton Manors homes for sale is presented below

$$ BEDS / BATHS LA LP$
Min 2 / 1 788 $282,000
Max 7 / 5 4117 $1,598,888
Avg 3 / 2 1834 $528,723
Median 3 / 2 1766 $475,000

We can see from this report that the average price for a Wilton Manors home for Sale is $528,723 – this being for a 3 bedroom 2 bathroom home of 1834 square feet with a list price to square foot price of $290.00

We can also see that the median list price for Wilton Manors homes for sale is $475,000 – this being for a 3 bedroom 2 bathroom 1766 square foot home with a list price to square foot price of $281.00

It is important to note that in physically reviewing price changes or pricing adjustments for Wilton Manors Home for Sale we noted that – 62% of Wilton Manors homes for sale have currently lowered their price!

This is well up from 48% of Wilton Manors homes for sale that had lowered their price as in our last post!

Read our last Market Update on Wilton Manors Homes for Sale

Wilton Manors Homes for Sale
Inventory by Price

Here is our market summary report showing a breakdown of Wilton Manors homes for sale by price range

Price Range Quantity
$200,000 – $299,999 1
$300,000 – $399,999 14
$400,000 – $499,999 27
$500,000 – $599,999 15
$600,000 – $699,999 7
$700,000 – $799,999 3
$800,000 – $899,999 1
$900,000 – $999,999 1
$1,000,000 or over 2
Total 71


We can see from this chart that the highest inventory of Wilton Manors homes for sale are homes priced between $400,000 – $499,999 with 27 homes for sale.

It is also important to note that there are still homes for sale here in Wilton Manors priced under $399,999 – with 15 homes for sale in this price range!

Wilton Manors Homes for Sale
Pending Sales

At the time of writing this report there are 33 Wilton Manors Homes for Sale that are under contract and are pending sale – this is well up from 24 homes pending sale in our last market update!

Here is our market summary report for these Wilton Manors homes.

$$ BEDS/BATHS LA LP$
Min 2 / 1 1012 $272,000
Max 6 / 6 4617 $950,000
Avg 3 / 2 1713 $472,742
Median 3 / 2 1599 $430,000

We can see from this report that the average price for a Wilton Manors home pending sale is $472,742 and the median price is $430,000.

In our last post the average price for a Wilton Manors home pending sale is $496,530 and the median price is $474,950.

It is also important to note that we currently have a strong level of Pending Sales at 33 homes for sale – typically pending sales average between 20 – 25 Homes!

Also important to note is the Median Days on Market for Wilton Manors homes pending sale at 85 days (less than 3 months) – which is the same as in our last post!

Days on market is the time from when the home was listed for sale till the home went pending.

Wilton Manors Homes for Sale
Sales Last 6 Months

We have had strong sales of Wilton Manors Homes over the last 6 Months with 104 Homes Sold! 

It is important to note that this is well up from 83 homes sold over the preceding 6 months as per our last post!

Our market summary report for these homes is presented below.

$$ BEDS/BATHS LA SP$
Min 2 / 2 664 $220,000
Max 5 / 4 3375 $1,050,000
Avg 3 / 2 1724 $466,328
Median 3 / 2 1614 $452,000

We can see from this report that the average sales price for Wilton Manors homes sold over the last 6 months has been $466,328 – this being for a 3 bedroom 2 bathroom home of 1724 square feet with a sales price to square foot price of $279.00

We can also see from this report that the median sales price for Wilton Manors homes sold over the last 6 months has been $452,000this being for a 3 bedroom 2 bathroom home of 1614 square feet with a sales price to square foot price of $276.00

Also important to note is that the

– Median Days on Market for Wilton Manors homes sold over the last 6 months has been just 45 Days

– Median Sales Price to List Price has been 97%

This means if a Wilton Manors home for sale is listed for $500,000 then it could be expected to sell for 97% of list price or $485,000 

My Thoughts / Summary

There is currently a good range of Wilton Manors Homes for Sale!

It is great to see that the number of homes for sale or our Inventory level has returned to more “manageable” levels at 71 Wilton Manors homes for sale as at time of writing this post.

Having between 90 – 100 homes for sale tends to slow our real estate market down. 

It is important to note that MLS data shows that 62% of all Wilton Manors home sellers have lowered their price – this is well up from 48% as in our last post – and in my mind is a direct reflection of those higher inventory levels we were experiencing!

Also important to note however is that both pending sales at (at 33 homes) and recent sales of Wilton Manors Homes (at 104 home sales) are up  – reflecting strong and growing demand!

This drop / softening in prices combined with increasing demand is perfect for those buyers looking to purchase a home….

Kevin Wirth Realtor

I hope you have enjoyed our February 2017 real estate update on Wilton Manors Homes for Sale

Kevin Wirth P.A. Realtor
954-459-0337