Map of Wilton Manors showing Neighborhoods West, Central and East

Wilton Manors Homes – Prices by Neighborhood May / June 2020 Update

West – Central – East

Prices for Wilton Manors Homes vary dramatically depending on which neighborhood you are in.

Wilton Manors has 3 distinct neighborhoods West Wilton Manors, Central Wilton Manors and East Wilton Manors

Wilton Manors median sales prices vary by
over $100,000 between our 3 neighborhoods!

This Variance being for Wilton Manors Home sold over the last 90 days.

Variances are also clearly evident in days on market, sales price to list price and square foot prices between these 3 neighborhoods!

View East Wilton Manors home recently sold NE 16th Ave
View East Wilton Manors pool home recently sold on NE 16th Ave Wilton Manors

Wilton Manors Homes
Recent Sales – Last 90 Days

There have been 45 sales of Wilton Manors homes over the last 90 days as recorded by the MLS – up from the 41 sales as in our last post for January 2020!

The market analysis report below shows median home sales prices for these 45 home sales across all of Wilton Manors and then for each of our 3 neighborhoods – West, Central and East Wilton Manors

BEDS / BATHS LA SP$
ALL 3 / 2 1,704 $510,000
WEST 3 / 2 1,710 $525,500
CENTRAL 3 / 2 1,690 $470,000
EAST 3 / 2 1,736 $538,000

We can see from this report that the median sales prices for Wilton Manors homes over the last 90 days:

  • Across ALL of Wilton Manors Homes the median sales price has been $510,000 – this being for a 3 bedroom 2 bathroom home of 1704 square feet – In our last post the median sales price across all of Wilton Manors Homes was lower at $469,900 – this being for a 3 bedroom 2 bathroom home of 1654 square feet
  • West Wilton Manors Homes the median sales prices has been $525,500 – this being for a 3 bedroom 2 bathroom home of 1710 square feet – In our last post the median sales price for West Wilton Manors Homes was much lower at $399,000 – this being for a 3 bedroom 2 bathroom home of 1659 square feet
  • Central Wilton Manors Homes the median sales price has been $470,000 – this is for a 3 bedroom 2 bathroom home of 1690 square feet – In our last post the median sales price for Central Wilton Manors Homes was lower at $460,000 – this is for a 3 bedroom 2 bathroom home of 1519 square feet
  • East Wilton Manors Homes the median sales price has been $538,000 – this being for a 3 bedroom 2 bathroom home of 1736 square feet – In our last post the median sales price for East Wilton Manors Homes was lower at $500,000 – this being for a 3 bedroom 2 bathroom home of 1857 square feet

It is important to note that median prices especially in East Wilton Manors can be influenced by the number of waterfront homes sold at any given time!

Wilton Manors waterfront homes typically command premium prices of between $80,000 to $100,000 or more!

View Central Wilton Manors Home recently sold NE 28th Drive
View updated Central Wilton Manors Home recently sold NE 28th Drive Wilton Manors

Wilton Manors Homes
Sq Ft Prices – Last 90 Days

As you would expect there is also a wide variance in square foot prices paid for Wilton Manors Homes over the last 90 days.

Again this is reflected across our 3 neighborhoods – West, Central and East Wilton Manors.

SP$/SqFt
ALL $323.00
WEST $293.00
CENTRAL $326.00
EAST $333.00

We can see from this report that the median sales price to square foot price for ALL of Wilton Manors homes sold over the last 90 days has been $323.00 per square foot – up from $311.00 per square foot as in our last post!

We can also then see the median sales price to square foot price by neighborhood – which is as follows:

  • West Wilton Manors Homes the median sales price to sq ft price for homes sold over the last 90 days is $293.00 – up from $227.00 as in our last post!
  • Central Wilton Manors Homes the median sales price to sq ft price for homes sold over the last 90 days is $326.00 – up from $308.00 as in our last post!
  • East Wilton Manors Homes the median sales price to sq ft price for homes sold over the last 90 days is $333.00 – up slightly from $331.00 as in our last post!

We can see from this report that the difference in square foot prices across our neighborhoods ranges from a low in West Wilton Manors of $293.00 to a high in East Wilton Manors of $333.00 – a difference of $40.00 per square foot!

View West Wilton Manors home recently sold NW 9th Terrace
View West Wilton Manors home recently sold NW 9th Terrace Wilton Manors FL

% Sales to List Price

A very important real estate indicator is how much  buyers are paying for Fort Lauderdale Homes for sale here in Wilton Manors – we can gauge this based on the percentage of sales price to list price paid by buyers and we can see this by neighborhood!

The market analysis report for this is presented below

SP$/LP$
ALL 97%
WEST 97%
CENTRAL 96%
EAST 97%

We can see from this report that the median sales price to list price for Fort Lauderdale home here in Wilton Manors across all neighborhoods is 97% up from 94% as in our last 4 posts!

This means if a Fort Lauderdale home for sale here in Wilton Manors is listed at $500,000 – then based on median sales data the home could be expected to sell for 97% of that amount or $485,000.

What is important to note is the difference in the median list price sales price for Wilton Manors Homes by neighborhood:

  • West Wilton Manors at 97% of list price
  • Central Wilton Manors at 96% of list price
  • East Wilton Manors at 97% of list price

Days on Market

Days on market for Homes for Sale in Wilton Manors is an important indicator on how this neighborhood’s real estate market is preforming.

Here is the market analysis report for Days on Market based on home sales over the last 90 days.

DOM
ALL 37
WEST 51
CENTRAL 31
EAST 45

We can see from this report that the median days on market for a Fort Lauderdale home for sale in Wilton Manors is 45 days – up from 40 days as in our last post!

Days on market is the time from when the home was listed for sale till the home sold AND closed.

Again what is also important to note is the difference in days on market for Wilton Manors Homes sold in each and every neighborhood:

  • West Wilton Manors at 51 days
  • Central Wilton Manors at 31 days – just over 1 month!
  • East Wilton Manors at 45 days

Kevin Wirth Realtor

My Thoughts

Median sales data for Wilton Manors homes by neighborhood reveals some very insightful information…

We can clearly see how median sales price vary between neighborhoods from a median of $470,000 in Central Wilton Manors to a median of $538,000 in East Wilton Manors – a difference of $68,000 between our 3 neighborhoods!

It is very important to note the increase in median prices for West Wilton Manors Home sold at $525,000 – up from $399,000 in our last post.

This is an increase of over $125,000 or 31.5%

I attribute this to the over desirability of Wilton Manors which in turn is pushing up / has pushed demand for lower priced homes in the West Wilton Manors neighborhood.

Another factor I see at play in West Wilton Manors in the number of renovated homes and renovated home sales.  I see many buyers of homes in this neighborhood investing in improvements – including new pools, new kitchens / bathrooms and new landscaping!

I find that this information is useful to both buyers and sellers of Wilton Manors Homes for sale as it can help with negotiations and also in setting expectations!

I hope you have enjoyed this post on Wilton Manors, its neighborhoods and home prices!

Kevin Wirth P.A. – Realtor

This statistical report on comparable Wilton Manors properties includes listing content from the MLS compilation and statistical MLS data – this data is not verified for authenticity or accuracy and may not reflect all real estate activity in the market.  This report is based on information which is the © 2020 Realtors of the Palm Beaches and Greater Fort Lauderdale Multiple Listing Service Inc.