The Central Wilton Manors
Subdivision of Highland Estates
Highland Estates in Central Wilton Manors is really in the Heart of our Island City – walking distance to Wilton Drive.
Homes in this neighborhood are predominantly smaller 2 bedroom mid-century single family homes built from 1951 through to the early 1960s.
Homes built from 1960 onwards typically were larger with 3 bedrooms.
This community faces the North Fork on the Middle River and as such has some smaller waterfront homes too.
In this post we look at homes for sale, provide our real estate pricing guide, we review recent sales and discuss why Highland Estates is increasingly becoming one of the most sought after neighborhoods here in Central Wilton Manors!
Wilton Manors Real Estate for Sale
here in Highland Estates
Here is our market analysis report for Wilton Manors Real Estate for Sale in the popular neighborhood of Highland Estates.
We can see from this report that the average price for a home for sale in Highland Estates is $439,000 and the median price is $349,000.
Important to note is that both the average and median prices could be “skewed” by the inclusion of a larger 5 bedroom home for sale.
In this instance – looking a recent sales and closed sales over the last 12 months will provide and service to confirm a more accurate assessment of real estate prices in this Wilton Manors subdivision.
Wilton Manors Real Estate
Sales in Highland Estates
Here is a summary of pending sales, recent sales and sales over the last 12 months for single family homes here in Highland Estates.
At time of writing this post there were no pending sales here in Highland Estates.
Highland Estates Homes Sales
Last 90 Days
There has been just 1 sale of a Central Wilton Manors Home here in Highland Estates over the last 90 days.
The market analysis report for this home is presented below.
We can see from this report that this 3/2 – 1200 square foot home sold for $350,000 – with a list price to square foot price of $292.00
Important to note: this home sold for 97% of list price and in 19 days – reflecting the increasing popularity of this neighborhood/subdivision.
Also important to note when comparing these recent sales to homes currently for sale – not all buyers want a 5 bedroom home nor do they necessarily want a 2 bedroom home with just 1 bathroom.
The highs and lows in the market analysis of homes for sale here in Highland Estates thus reflect homes that are much more buyer specific vs 2/2 and 3/2 homes which are by far the most “popular” homes here in Central Wilton Manors and in fact across all of Wilton Manors.
Highland Estates Home Sales
Last 12 Months
There have been 33 homes sales here in Highland Estates over the last 12 months – the market analysis report for these homes is presented below.
We can see from this report that the average sales price for a home here in Highland Estates has been $242,595 and the median price has been $215,000.
Both the average and the median prices are based on 2 bedroom homes of between 1132 and 1159 square feet – with a sales price to list price of between $184.00 and $192.
Highland Estates – Real Estate
As a realtor here in Wilton Manors / Fort Lauderdale this is really one subdivision/neighborhood to watch if your on the lookout for a bargain!
There are still many original homes in this neighborhood and homes that need work – but Highland Estates is all about location location location – and despite the smaller sized homes – buyers are willing to compromise size just to be in Central Wilton Manors and near to Wilton Drive!
Distressed Real Estate
Highland Estates here in Central Wilton Manors has had it share of distressed sales.
Based on MLS records there have been 6 single family home foreclosures here in Highland Estates.
The market analysis report for these foreclosures is presented below
We can see from this report that the average sales price for a home sold as a foreclosure here in Highland Estates has been $126,100 and the median price has been $116,550.
Both the average and the median prices are based on 2 bedroom 1 bathroom homes of between 1101 and 1117 square feet – with a sales price to list price of between $112.00 and $115.00
Again it is important to note both the average and median prices at $126,100 and $116,500 – these sales represent some of the “cheapest” sales of “Prime” Wilton Manors Real Estate – period!
Highland Estates affordability given its location to Wilton Drive is the driving force behind the rapid acceleration in prices.
Compare for example: the median for a 2/1 foreclosure at $116,500 to the lowest home for sale in Highland Estates also a 2/1 which is offered for sale at $299,000 – 250% more than the median sales price of $116,500.
We can see from this report that the average price for a foreclosure here in Middle River Estates has been $223,343 and the median price has been $230,000.
Interestingly there have been just 3 short sales of single family homes recorded in Highland Estates – this I think is reflective of the fact that this neighborhood was once owned by many “investors”.
Here is the market analysis report for these 3 short sales.
We can see from this report that the average price for a short sale here in Highland Estates in Central Wilton Manors has been $145,000 and the median price has been $120,000.
Again prime Wilton Manors Real Estate being sold at bargain prices!
I hope you have enjoyed reading about Wilton Manors Real Estate here in Highland Estates – Kevin Wirth Realtor.