View of Wilton Manors condos for sale in Duval Place

Market Update Condos – May / June

Wilton Manors Condos
Market Update – May / June 2017

Here is my May / June 2017 market update for Wilton Manors Condos  – Kevin Wirth Realtor

Key Real Estate Facts
  • Lower than normal Inventory of Wilton Manors Condos for Sale fluctuating between  60-65 Condos for Sale
    – Prices range from $65,000 to $679,999
    – Median List Price $290,000
    – Currently we have just under 4 Months of Supply
  • Strong Pending Sales -Averaging 22 Condos
    – Median Days on Market – 87 Days
  • Very Strong Sales Last 6 Months 92 Condos Sold
    – Median Sales Price $143,000
    – Median Days on Market – 48 Days
    – Median Sales Price to List Price – 96%
    – Highest Volume of Sales Activity under $149,999

Wilton Manors Condos for Sale
Inventory Levels

We currently have a much lower inventory of Wilton Manors Condos for Sale – with 61 condos for sale as at time of writing!

Im prior posts the number of condos for sale had been fluctuating between 80-90 Condos for Sale!

Our market analysis report for these condos is presented below

$$ BEDS/BATHS LA LP$
Min 1 / 1 500 $65,000
Max 4 / 3 2908 $679,999
Avg 2 / 2 1326 $284,681
Median 2 / 2 1180 $290,000

We can see from this report that the average price for a Wilton Manors condo for sale is $284,681 – this being for a 2 bedroom 2 bathroom condo of 1326 square feet with a list price to square foot price of $207.00

We can also see that the median list price for Wilton Manors condos for sale is $290,000this being for a 2 bedroom 2 bathroom 1180 square foot condo with a list price to square foot price of $210.00

In our last post the median list price for Wilton Manors condos for sale was over $100,000 lower at $189,950 – this being for a 2 bedroom 2 bathroom 1180 square foot condo with a list price to square foot price of $193.00

It is important to note that in physically reviewing price changes or pricing adjustments for Wilton Manors condos for Sale we noted that – nearly 1 of every 2 condos for sale have lowered their price!

Wilton Manors Condos for Sale
Inventory by Price

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

Price Range Quantity
$149,999 or under 17
$150,000 – $199,999 9
$200,000 – $249,999 1
$250,000 – $299,999 6
$300,000 – $349,999 4
$350,000 – $399,999 10
$400,000 – $449,999 9
$450,000 – $499,999 1
$500,000 – $549,999 1
$550,000 – $599,999 1
$600,000 – $699,999 2
Total 61

The highest inventory of Wilton Manors condos for sale are condos priced under $149,999 with 17 condos for sale.

It is important to note that this is well down from our last post…

In our last post there were 30 Wilton Manors condos for sale priced under $149,999!

The absolute affordability of many Wilton Manors condos for sale attracts many buyers… and many international buyers are now also seeing the absolute value too!

Wilton Manors Condos for Sale
Pending Sales

At the time of writing this report there are 22 Wilton Manors condos for Sale that are under contract and are pending sale

It is important to note that this is DOWN from our last post when their were 28 condos pending sale!

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

$$ BEDS/BATHS LA LP$
Min 1 / 1 600 $68,900
Max 3 / 2 1962 $549,900
Avg 2 / 2 1079 $201,399
Median 2 / 2 1035 $135,000

We can see from this report that the average price for a Wilton Manors condo pending sale is $201,399 and the median price is $135,000.

It is useful to note the Median Days on Market for Wilton Manors condos pending salewhich is currently at 100 Days!

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

Wilton Manors Conods for Sale
Sales Last 6 Months

We have had strong sales of Wilton Manors condos for Sale.  Over the last 6 Months there have been 92 condos Soldthis is well up from 73 units sold in the preceding 6 months as per our last post!

Our market summary report for these condos is presented below.

$$ BEDS/BATHS LA SP$
Max 4 / 3 2076 $558,750
Min 1 / 1 549 $52,000
Avg 2 / 1 1061 $186,855
Median 2 / 1 1000 $143,000

We can see from this report that the average sales price for Wilton Manors condos sold over the last 6 months has been $186,855 – this being for a 2 bedroom 2 bathroom condo of 1061 square feet with a sales price to square foot price of $169.00

We can also see from this report that the median sales price for Wilton Manors condos sold over the last 6 months has been $143,000this being for a 2 bedroom 1 bathroom condo of 1000 square feet with a sales price to square foot price of $172.00

It is important to note that in our last post the median sales price for Wilton Manors condos sold over the preceding 6 months was higher at $159,900 – this being for a 2 bedroom 1 bathroom condo of 1000 square feet with a sales price to square foot price of $170.00

Also important to note is that the

– Median Days on Market for Wilton Manors condos sold over the last 6 months has been 48 days – down from 70 Days in our last post!

– Median Sales Price to List Price has been 96% up from 94% in our last post

This means if a Wilton Manors condo for sale is listed for $150,000 then it could be expected to sell for 96% of list price or $144,000 

Wilton Manors Condos Sales
Inventory by Price

Here is our market summary report showing a breakdown of sales of Wilton Manors condos over the last 6 months by price range

Price Range Quantity
$149,999 or under 48
$150,000 – $199,999 16
$200,000 – $249,999 6
$250,000 – $299,999 6
$300,000 – $349,999 4
$350,000 – $399,999 4
$400,000 – $449,999 5
$450,000 – $499,999 0
$500,000 – $549,999 2
$550,000 – $599,999 1
Total 92


We can see from this report that the highest Volume of Sales Activity has been for Wilton Manors condos selling under $149,999 – with 48 Wilton Manors condos sold
.

It is important to note that in our last post the the highest Volume of Sales Activity was also for Wilton Manors condos selling under $149,999 – with 32 Wilton Manors condos sold.

My Thoughts / Summary

The inventory of Wilton Manors condos for sale as dropped dramatically over the last few months…

This is particularly evident for lower priced Wilton Manors condos for sale – especially units priced under $149,999

Despite this drop in inventory there are still some very good options – even at lower prices!

Kevin Wirth Realtor

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

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