Wilton Manors Neighborhoods - East, Central, West

Wilton Manors Real Estate for Sale

June / July Pricing Guide
List Prices Softening

Wilton Manors Real Estate is broken into 3 main neighborhoods: East Wilton Manors, Central Wilton Manors and West Wilton Manors.

Each of these neighborhoods is distinctive and each has different pricing structures for both homes and condos / town homes.

Median Home Prices Condo Prices
Wilton Manors $381,500 $162,400
East $514,900 $329,000
Central $349,900 $159,900
West $329,000 $91,950

 

We can see from this report above how prices for Wilton Manors Real Estate for Sale vary across the different neighborhoods

In this post I look at prices – based on Wilton Manors Real Estate for sale and we also review pricing for homes and condos overall and by neighborhood.

Important to note are the recent pricing changes based on median prices for Wilton Manors Real Estate for Sale across the different neighborhoods

Pricing changes which range from -1% to 10%!

Wilton Manors Real Estate for Sale
Pricing Increases

Wilton Manors Real Estate Prices based on real estate currently for sale have really been on the move since our last report

Our market summary clearly shows this.

Median Home Prices Last Report % Change Condo Prices Last Report % Change
Wilton Manors $381,500 $360,000 6% $162,400 $169,900 -1%
East $514,900 $469,000 10% $329,000 $332,000 -1%
Central $349,900 $339,000 3% $159,900 $169,900 -1%
West $329,000 $339,000 -3% $91,950 $90,000 -1%

 

We  can see from this report based on median prices for all of Wilton Manors that there has been:

a) an increase of 6% for single family homes – down from an increase of 20% as per our last report in May 2014
b) a decrease of -1% for condos / town homes – down from an increase of 8.5% as per our last report in May 2014

What is important to note are the pricing trends by neighborhoods.

We can see that the highest increase in list prices for single family homes has been in East Wilton Manors – where we have had a 10% increase in prices from $469,000 to $514,900.

In our last report we reported a 33% increase in median prices from $351,750 to $469,000 in East Wilton Manors

What is very important to note is that slowing of prices increase from our last report and in fact the switch to negative median price increase across four area of Wilton Manors real estate pricing with :

  • Negative increases in median prices West Wilton Manors Single Family Homes 
  • Negative increases in median prices for condos across all 3 neighborhoods East, Central and West

While many real estate agents / realtors tend to think of Wilton Manors as one entity – we can clearly see from the report above the distinct difference of real estate pricing and pricing trends across different neighbourhoods.

View of Bell Isle condos here on Wilton Drive

Wilton Manors Real Estate for Sale
Inventory Levels

When looking at Wilton Manors Real Estate it also is useful to look to inventory levels. 

The level of inventory or number of units for sale by price range gives us a good insight into the market – we can see where the most homes of condos for sale are priced.

Wilton Manors Homes Inventory Levels

Here are the inventory levels of homes for sale

Price Range Quantity
$149,999 or under 0
$150,000 – $199,999 0
$200,000 – $249,999 6
$250,000 – $299,999 12
$300,000 – $349,999 11
$350,000 – $399,999 10
$400,000 – $449,999 5
$450,000 – $499,999 7
$500,000 – $549,999 5
$550,000 – $599,999 2
$600,000 – $699,999 6
$700,000 – $799,999 2
$800,000 – $899,999 1
$900,000 – $999,999 0
$1,000,000 or over 1
Total 68

 

What is important to note is that our inventory of homes for sale has increased from 61 homes to 68 homes for sale – an increase of 11% from our last report.

This increase comes on the heels of smaller increases in list prices in both East and West Wilton Manors and on a negative increase in West Wilton Manors.

Wilton Manors Condos Inventory Levels

Here are the inventory levels of condos for sale

Price Range Quantity
$149,999 or under 22
$150,000 – $199,999 4
$200,000 – $249,999 2
$250,000 – $299,999 5
$300,000 – $349,999 3
$350,000 – $399,999 6
$400,000 – $449,999 2
$450,000 – $499,999 0
$500,000 – $549,999 2
$550,000 – $599,999 0
$600,000 – $699,999 1
$700,000 – $799,999 0
$800,000 – $899,999 0
$900,000 – $999,999 0
$1,000,000 or over 0
Total 47

 

Important to note is that inventory overall for Wilton Manors condos and town homes is down – from 55 condos / town homes for sale in our last report in may of 2014 to 47 condos for sale  – a drop in inventory of approx 15%.

Also important to note is that 22 of the 47 condos for sale or 47% of the inventory for sale is for condos priced under $149,999.

This large volume of “affordable” units is one of the major draw cards that continues to attract buyers into Wilton Manors

Kevin Wirth realtor

My Thoughts

Tracking Prices for Wilton Manors Real Estate for Sale is an important gauge on where both sellers AND realtors / real estate agents – “think” the market is heading.

Smaller increases and the first decreases in list prices like those we are seeing across the different neighborhoods here in Wilton Manors indicates a softening in the real estate market in many fronts.

East Wilton Manors continues to shine as one of the most desirable neighborhoods here in Wilton Manors – however inventory is “tighter” – with East Wilton Manors having the lowest number of homes for sale out of each the 3 neighborhoods – with just 19 homes for sale.

More on Wilton Manors Neighborhoods

Wilton Manors also has Associations for each of the different neighborhoods – East, Central and West.

Here are the links to these Associations

East Wilton Manors Association

Central Wilton Manors Association

West Wilton Manors Association

These Associations work to develop each neighborhood and to keep each community/neighborhood informed and update on events that may affect them.

Associations have been proactive in neighborhood beautification, in lobbying for and discussions on planning the growth of the city of Wilton Manors and where resources should be invested.

Associations also hold community events: The West Wilton Manors neighborhood for example holds the Garlic and Wine Festival each year – which is a lot of fun!

I hope you have enjoyed my post on Wilton Manors Real Estate and Real Estate for Sale – by Kevin Wirth Realtor