Wilton Manors Homes for Sale
Real Estate Update – Oct / Nov 2017
Here is my October / November 2017 real estate update for Wilton Manors Homes for Sale – Kevin Wirth Realtor
Key Real Estate Facts
- A “Huge” 40% decline in the Inventory
of Wilton Manors Homes for Sale
– Prices range from $295,900 just under $1,050,000
– Median List Price $499,900 – up from our last post!
– 61% of homes for sale has lowered their price!
– Currently we have 3.9 Months of Supply
down from 6.5 Months of Supply earlier in the year! - 15 x Wilton Manors Homes Pending Sale
Down from 33 Homes Pending – as in our last post!
– Median Days on Market – 100 Days - Stronger Sales Volume Last 6 Months
110 Homes Sold – Up from 104 Homes Sold
– Median Sales Price $456,250
– Median Days on Market – 64 Days
– Median Sales Price to List Price – 95%
Wilton Manors Homes for Sale
Inventory Levels
Our inventory of Wilton Manors homes for sale continues to decline down from 119 Wilton Manors homes for sale in January of 2017 to 71 Wilton Manors homes for sale in October 2017.
This is a “Huge” 40% decline in the Inventory of Wilton Manors homes for sale from January to October!
Wilton Manors Homes for Sale
January – October 2017
Our market summary report for Wilton Manors Homes for Sale from January to October 2017 is presented below
| MONTH | 2017 |
| Jan | 119 |
| Feb | 115 |
| Mar | 112 |
| Apr | 115 |
| May | 110 |
| Jun | 99 |
| Jul | 92 |
| Aug | 96 |
| Sep | 91 |
| Oct | 71 |
We can see from this report how the inventory of Wilton Manors homes for sale has dramatically dropped from a high of 119 homes for sale in January to 71 homes for sale (as at time of writing) in October.
Wilton Manors Homes for Sale
October 2017
Our market analysis report for Wilton Manors homes for sale is presented below
| $$$ | BEDS / BATHS | LA | LP$ |
| Min | 2 / 1 | 1066 | $295,900 |
| Max | 7 / 5 | 3648 | $1,050,000 |
| Avg | 3 / 2 | 1880 | $529,940 |
| Median | 3 / 2 | 1800 | $499,900 |
We can see from this report that the average price for a Wilton Manors home for Sale is $529,940 – this being for a 3 bedroom 2 bathroom home of 1880 square feet with a list price to square foot price of $287.00
We can also see that the median list price for Wilton Manors homes for sale is $499,900 – this being for a 3 bedroom 2 bathroom 1800 square foot home with a list price to square foot price of $280.00
In our last post for July / August 2017 the median list price for Wilton Manors homes for sale was lower at $475,000 – this being for a 3 bedroom 2 bathroom 1766 square foot home with a list price to square foot price of $281.00
It is important to note that in physically reviewing price changes or pricing adjustments for Wilton Manors Home for Sale we noted that – 61% of Wilton Manors homes for sale have lowered their price!
Read our last Market Update on Wilton Manors Homes for Sale
Looking to Buy / Sell?
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Kevin Wirth P.A. – Realtor
954-459-0337
Wilton Manors Homes
Pending Sale
At the time of writing this report there are 15 x Wilton Manors Homes for Sale that are currently now under contract and are pending sale.
It is very important to note that this is well down from 33 homes pending sale in our last market update!
Here is our market summary report for Wilton Manors homes currently under contract and pending sale.
| BEDS / BATHS | LA | LP$ | |
| Min | 2 / 1 | 868 | $279,642 |
| Max | 5 / 5 | 4117 | $1,598,888 |
| Avg | 3 / 2 | 1881 | $533,362 |
| Median | 3 / 2 | 1842 | $419,500 |
We can see from this report that the average price for a Wilton Manors home pending sale is $533,362 and the median price is $419,500 – lower than in our last post!
In our last post the average price for Wilton Manors homes pending sale was $472,742 and the median price was $430,000.
It is also important to note that the Median Days on Market for Wilton Manors homes pending sale is 100 days – which is up from 85 days as in our last post!
Days on market is the time from when the home was listed for sale till the home went pending.
Wilton Manors Home Sales
Over the Last 6 Months
We have had strong sales of Wilton Manors Homes over the last 6 Months with 110 Home Sold – up from our last 2 posts!
It is important to note that this is up from 104 homes sold in the preceding 6 months as in our last post, which in turn was up from 83 homes sold over the preceding 6 months as per our prior post!
Our market summary report for these homes is presented below.
| BEDS / BATHS | LA | SP$ | |
| Min | 2 / 1 | 664 | $220,000 |
| Max | 6 / 6 | 4617 | $1,050,000 |
| Avg | 3 / 2 | 1731 | $476,976 |
| Median | 3 / 2 | 1628 | $456,250 |
We can see from this report that the average sales price for Wilton Manors homes sold over the last 6 months has been $476,976 – this being for a 3 bedroom 2 bathroom home of 1731 square feet with a sales price to square foot price of $280.00
We can also see from this report that the median sales price for Wilton Manors homes sold over the last 6 months has been $456,250 – this being for a 3 bedroom 2 bathroom home of 1628 square feet with a sales price to square foot price of $276.00
In our last post the median sales price for Wilton Manors homes sold over the last 6 months was slightly lower at $452,000 – this 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 64 Days or just over 2 months
- Median Sales Price to List Price has been 95% – down from 97% in our last post – This means if a Wilton Manors home for sale is listed for $500,000 then it could be expected to sell for 95% of list price or $475,000
My Thoughts / Summary
Wilton Manors real estate is “Hot” – with lower inventory, strong demand and increasing prices….
Despite a lower inventory of Wilton Manors Homes for Sale – there are still some great homes for sale – and some great buys too!
It is important to note that many sellers have lowered their prices!
Also important to note is that pending sales are down at 15 Wilton Manors homes pending sale vs 33 homes pending sale as per our last post.
Despite this drop / softening in pending sales, I personally am seeing increased and strong buyer activity here in Wilton Manors!
I hope you have enjoyed our February 2017 real estate update on Wilton Manors Homes for Sale