View of a Wilton Manors Foreclosure for Sale

Wilton Manors Foreclosures for Sale

Bank’s Releasing Foreclosures
Bargains to be had!

Wilton Manors Foreclosures for Sale are at a 6 Month high –
with banks offering more single family foreclosures.

Wilton Manors Foreclosure for Sale
Market Analysis Report

Currently we have for sale 6 single family foreclosures for sale here in Wilton Manors – meaning almost 1 home out of 10 is a foreclosure.

The market analysis report for these Wilton Manors Foreclosure for sale is presented below.

#Beds

#FBaths

SF/FF

List Price

LP$/SqFt

3

4

2,402

$359,900

$214

3

4

1,473

$289,900

$214

2

2

1,276

$273,125

$197

3

2

1,621

$242,400

$150

3

2

1,451

$212,500

$146

2

1

964

$149,900

$146

Typically in our market analysis report we would cover high median and low prices.

However each of these homes in unique – they sit in different neighborhoods here in Wilton Manors and each neighborhood tends to have its own distinctive pricing/price points – so the approach we are taking in this post is to present each foreclosure individually – looking at the numbers and then to looking at recent foreclosure sales and recent home sales here in Wilton Manors.

This way the “value” of some of these foreclosures  – based on the numbers becomes much more apparent.

View Foreclosures for Sale

Single Family Foreclosure Sales
Last 6 Months

While we have had 2 x single family foreclosure sales over the last 6 months here in Wilton Manors – just 1 has been  has been for a non waterfront single family home.

The market analysis report for this home is presented below.

#Beds

#FBaths

SF/FF

Sale Price

SP$/SqFt

SP$/LP$

Days on Market

3

2

1,650

$296,362

$180

84.68

40

We can see from this report that this 3 bedroom 2 bathroom single family foreclosure sold for $296,362 – with a sales price to square foot price of $180.00

This home is presented below:

2508 NE 19TH AV
Offered for Sale $350,000

LA: 1,650 TA: 1,650 YR: 1957
BED:3 FBATH: 2
F1257099

This property is under the auction terms with the auction opening on 10/02/13 to 10/05/13.

This foreclosure had an open floor plan, two car garage with a circular driveway – all set on a large interior lot.

The property was marketed as a “Good property for first time home buyer or a buyer moving up”

Wilton Manors Home Sales
Last 6 Months

There have been 60 sales of single family “non waterfront” homes here in Wilton Manors in the last 6 months

The market analysis report for these sales is presented below.

#Beds

#FBaths

SF/FF

Sale Price

SP$/SqFt

SP$/LP$

Days on Market

High

5

4

4,082

$975,000

$324

101.14

301

Low

2

1

940

$140,000

$89

74.8

0

Average

3

2

1,759

$351,575

$207

94.18

69

Median

3

2

1,616

$327,500

$204

94.93

52

 We can see from this report that the median price for a 3 bedroom 2 bathroom single family “non waterfront” home sold here in Wilton Manors over the last 6 months has been $327,000 – with a sales price  to square foot price of $204.00

We can also see the highest price paid per square foot was $324.00.

Important to note is the sales price to square foot price for these sales at $204.00 and then to compare these to the list price to square foot price of the foreclosures – currently for sale which ranges from between $146.00 – $214.00

Based on the condition of these foreclosures  – the ability of buyers to negotiate pricing and terms with the banks and importantly the location of these homes here in Wilton Manors (specifically the neighborhood – East, Central or West) – some of these foreclosures for sale truly appear to have great potential for gain.

 I hope you have enjoyed reading my post on Wilton Manors Foreclosures for Sale – Kevin Wirth Realtor