Wilton Manors Waterfront Home for Sale

Wilton Manors Homes for Sale – Pending Sales

Wilton Manors Single Family Homes
Pending Sales April / May 2014

Wilton Manors Homes for Sale – Pending Sales levels are strong at 30 Homes Pending Sale – this reflects a Healthy and Robust Real Estate Market here in our Island City!

Graph of increases in Wilton Manors Condo Prices

In this post we review Median Pricing, Days on Market and the Inventory of Pending Sales by Price – which gives great insight into what “type” of Real Estate is selling fastest here in Wilton Manors

Wilton Manors Homes for Sale
Pending Sales Market Analysis

Here is the market analysis report for Wilton Manors Homes for Sale – Pending Sales for April / May 2014

Pricing #Beds #FBaths SF/FF List Price LP$/SqFt Days on Market
High 5 4 2,855 $699,000 $304 573
Low 2 1 888 $10,000 $104 0
Average 2 2 1,704 $328,178 $199 90
Median 3 2 1,671 $299,450 $188 40

 

We can see from this report that the average price for a home pending sale is $328,178 and the median price is $299,450.

The median price being based on a 3 bedroom 2 bathroom home of 1671 square feet with a list price of $188.00

Important to note from this is that both the median and average square foot price are priced between $188.00 – $199.00  

Also important to note is the average Days on Market and the median days on market are 40-90 days or 3 months or less.

Wilton Manors Homes for Sale – Pending Sale
Pricing / Inventory Guide

 The pricing inventory guide is a very important tool when it comes to Wilton Manors Homes for Sale – Pending Sales.

This report is presented below.

Price Range Quantity
$149,999 or under 6
$150,000 – $199,999 1
$200,000 – $249,999 3
$250,000 – $299,999 7
$300,000 – $349,999 0
$350,000 – $399,999 4
$400,000 – $449,999 3
$450,000 – $499,999 1
$500,000 – $549,999 2
$550,000 – $599,999 0
$600,000 – $699,999 3
Total 30

 

We can see from this report that the largest number of pending sales are for home priced under $299,999 – with 17 homes falling into this price range.

Important to note is that the largest inventory of pending homes are actually set between 2 price ranges  – under $149,999 and $250,000 – $299,000

As a Fort Lauderdale / Wilton Manors Realtor – I can tell you that what is happening here in our market is lower priced homes – including some distressed homes – are being snapped up and “rehabbed”.

Even homes in less desirable areas of Wilton Manors – this is literally transforming our real estate market – especially as many of these homes are then placed back on the market and priced well over $300,000.

View from a Wilton Manors Waterfront Home

Pending Sales
Non Waterfront vs Waterfront Homes

Here is the sales data separated out by Non Waterfront and Waterfront Homes

Non Waterfront Homes
Pending Sales

Here is the market analysis report for the 23 x non waterfront homes pending sale here in Wilton Manors.

Pricing #Beds #FBaths SF/FF List Price LP$/SqFt Days on Market
High 5 4 2,855 $699,000 $285 573
Low 2 1 888 $10,000 $104 0
Average 3 2 1,651 $292,371 $187 82
Median 3 2 1,624 $273,125 $167 34

 

We can see from this report that the average price for a non waterfront home pending sale is $292,371 and the median price is $273,125.

It is important to note that the average list price to square foot price is set between $167.00 – $187.00

Waterfront Homes
Pending Sales

Here is the market analysis report for the 7 x waterfront homes pending sale here in Wilton Manors.

Pricing #Beds #FBaths SF/FF List Price LP$/SqFt Days on Market
High 3 2 2,174 $639,000 $304 490
Low 2 2 1,599 $279,000 $174 3
Average 3 2 1,862 $445,829 $238 116
Median 3 2 1,807 $439,000 $230 68

 

We can see from this report that the average price for a waterfront home pending sale is $445,829 and the median price is $439,000.

Again it is important to note that the average list price to square foot price is set between $230.00 – $238.00

Kevin Wirth realtor

Wilton Manors Homes – Pending Sales
Important Considerations

The reports above provide some really useful information – especially when you look at the median prices, median prices per square foot and median days on market.

This data combined with the pricing guide showing where sales are taking place – is very important if you are looking to sell a home here in Wilton Manors.

If your home is not priced where the market is and/or it does not convey clearly any special features ie: updates, landscaping, pool etc – when compared to other homes for sale in comparable price range – then the home will likely sit and go stale.

It is imperative when selling a home here in Wilton Manors that you understand the market, pricing and square foot pricing and pending sales data is one of the most useful tools in achieving this.

While closed sales data is useful – it is old and does not reflect where the market is “today” pending sales do!

I hope you have enjoyed reading this post on Wilton Manors Homes for Sale – Pending Sale by Kevin Wirth Realtor