PREMIUMS PAID FOR WATER FRONT AND POOL HOMES

When you are looking at Wilton Manors Homes For Sale, two important criteria are whether you want a waterfront property and whether your home should have a pool.

  • In 2016 Waterfront properties in Wilton Manors sold for 61% more on average than non waterfront properties. On average 20 to 25% of homes sold in Wilton Manors are waterfront properties. In 2016, it was 23%.

Statistics are dangerous… This does not mean that the exact same home on the same street will sell 61% higher if it is on the water. This just means that if you want to live on the water, you are going to need a higher budget than the average buyer out there.

Click Here to view waterfront homes currently for sale in Wilton Manors

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  • More surprisingly, in 2016 pool homes sold for an astounding 46% more than non pool homes. Approx. half the homes sold in 2014 and 2015 had a pool whereas it was 58% in 2016, probably due to the many renovaiton projects in town that often include the addition of a pool. That number will likely continue to grow.

In $ terms, a pool home sells ON AVERAGE for $151,000 more than a non pool home. That difference is highest in the East part of town ($175,000!!).

While obviously there are different factors that explain such a difference (the main one is that pool homes are more likely to be upgraded e.g.), it appears that a pool home carries a premium. Since you can have a nice starter pool around $20,000, if you are willing to go through the real hassle of having a pool installed, you can potentially save a lot of money by buying a home without a pool and have the pool of your dream installed. Food for thoughts….

These numbers are based on median prices which are the main indicator for real estate prices (half the homes sell for more and the other half sell for less).

Click Here if you want to see single family homes with a pool currently for sale in Wilton Manors.

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