Kevin Wirth Realtor

So Whats the Market Doing?

Wilton Manors Homes
It’s a Sellers Market!

There continues to be a shortage of Wilton Manors homes for sale – with just 1.9 months of supply – making 2021 a great time to sell!

In real estate a 6 Month’s Supply of homes for sale is considered “normal” SOURCE: NATIONAL ASSOCIATION OF REALTORS

Wilton Manors Homes for Sale
2021 Market Statistics

Here are some useful and important stats from our MLS database (as at 1/2/2021)

36 – Number of ALL Wilton Manors Home for Sale 
38 – Number of Homes “Under Contract” 
115 – Closed Sales Last 6 Months

Months of Supply 1.9 Months Sellers’ Market!

Months of supply is how many months would it take for the current inventory of homes on the market to sell, given the current pace of home sales.

With 36 homes on the market and just over 19 homes selling each month on average, there is a 1.9 months’ supply of homes for sale.

Kevin Wirth Realtor

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Kevin Wirth P.A. Realtor
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Wilton Manors Homes for Sale

As at time of writing this post there are just 36 Wilton Manors Homes for sale down from 59 Wilton Manors homes for sale as in our last post for September 2020 / October 2020

Our market analysis report for these 36 homes for sale is presented below:

BEDS / BATHS LA LP$
Min 2 / 1 964 $410,000
Max 4 / 4 3,654 $1,275,000
Avg 3 / 2 1,741 $619,603
Median 3 / 2 1,560 $552,445

We can see from this report that:

The average list price for a Wilton Manors Homes for sale is $619,603 – this being for a 3 bedroom 2 bathroom 1741 square foot unit with a list price to square foot price of $375.00 – In our last post the average list price for a Wilton Manors Homes for sale was higher at $624,268 – this being for a 3 bedroom 2 bathroom 1808 square foot unit with a list price to square foot price of $351.00

The median list price for a Wilton Manors Homes for sale is $552,445 – this being for a 3 bedroom 2 bathroom 1560 square foot unit with a list price to square foot price of $371.00 – In our last post the median list price for a Wilton Manors Homes for sale was also higher at $594,000 – this being for a larger 3 bedroom 2 bathroom 1735 square foot unit with a list price to square foot price of $346.00

Wilton Manors Homes
Under Contract

There are currently 38 x Wilton Manors Homes under contract and pending sale.  Of these 38 homes under contract – 16 homes flagged as looking for “Backup Contracts” and 22 are flagged as “Pending Sale”.

Our market analysis report for these homes is presented below:

Wilton Manors Homes
Under “Back-Up” Contracts

There are currently 19 Wilton Manors Homes under contract and flagged in the MLS as pending sale – requesting / looking for Back Up contracts!

This is up from 16 Wilton Manors homes under contract and flagged as Back Up as in our last post!

Our market analysis report for these homes is presented below:

BEDS / BATHS LA LP$
Min 2 / 1 1,112 $385,000
Max 4 / 3 3,505 $1,295,000
Avg 3 / 2 1,686 $576,189
Median 3 / 2 1,640 $525,000

We can see from this report that:

The average list price for a Wilton Manors Homes under contract – looking for “Back-Ups” is $576,189 – this being for a 3 bedroom 2 bathroom 1686 square foot unit with a list price to square foot price of $359.00

The median list price for a Wilton Manors Homes under contract – looking for “Back-Up” is $525,000 – this being for a 3 bedroom 2 bathroom 1640 square foot unit with a list price to square foot price of $346.00

Wilton Manors Homes
Under “Pending Sale” Contracts

There are currently 19 Wilton Manors Homes under contract and flagged in the MLS as pending sale.

This is up from 16 Wilton Manors homes under contract and flagged as Pending Sale as in our last post!

Our market analysis report for these homes is presented below:

BEDS / BATHS LA LP$
Min 2 / 1 1,026 $250,000
Max 5 / 4 2,734 $1,385,000
Avg 3 / 2 1,917 $631,597
Median 3 / 2 1,880 $539,900

We can see from this report that:

The average list price for a Wilton Manors Homes under contract and Pending Sale is $631,597 – this being for a 3 bedroom 2 bathroom 1880 square foot unit with a list price to square foot price of $345.00

The median list price for a Wilton Manors Homes under contract – looking for “Back-Up” is $539,900 – this being for a 3 bedroom 2 bathroom 1880 square foot unit with a list price to square foot price of $352.00

Wilton Manors Homes
Closed Sales Last 6 Months

There have been 115 x Wilton Manors Homes sold over the last 6 months as recorded on the MLS

It is important to note that this is well up from the 96 x Wilton Manors Homes sold over the preceding 6 months as in our last post!

Our market analysis report for these 115 homes sold is presented below:

BEDS / BATHS LA SP$
Min 2 / 1 950 $295,000
Max 5 / 5 3,556 $1,335,000
Avg 3 / 2 1,820 $610,857
Median 3 / 2 1,760 $540,000

We can see from this report that:

The average sales price for a Wilton Manors Homes sold over the last 6 months is $610,857 – this being for a 3 bedroom 2 bathroom 1820 square foot unit with a sales price to square foot price of $337.00 – In our last post the average sales price for a Wilton Manors Homes sold over the preceding 6 months was lower at $579,686 – this being for a 3 bedroom 2 bathroom 1825 square foot unit with a sales price to square foot price of $322.00

The median sales price for a Wilton Manors Homes sold over the last 6 months is $540,000 – this being for a 3 bedroom 2 bathroom 1760 square foot unit with a sales price to square foot price of $330.00 – In our last post the median sales price for a Wilton Manors Homes sold over the last 6 months was lower at $520,000 – this being for a 3 bedroom 2 bathroom 1736 square foot unit with a sales price to square foot price of $316.00

Kevin Wirth Realtor

My Thoughts

Our Wilton Manors Real Estate Market is doing great!

Based on the “Months of Supply” formula we currently have just 1.9 months of supply – so we actually have a real shortage in the number of Wilton Manors Homes for sale – with just 36 homes for sale.

Closed sales are also up at 115 homes sold over the last 6 months.

All very positive indicators!