WILTON MANORS STATS

A Buyer interested in Wilton Manors Homes For Sale must consider these price points:

The median price -which is the price where half the homes sell for more and half the homes sell for less- was : (k= $1,000)

2020          2019          2018           2017           2016            2015        2014

$530k      $475k      $457k          $443k        $400k        $365k     $344k       

for any detached single family home 

$700k      $645k      $550k          $540k       $588k        $499k      $451k     

for a waterfront single family home 

$495k       $437k       $422k         $424k       $365k         $345k     $314k      

for a non waterfront single family home

 $348k        $334k       $345k      $317k      $315k         $305k      $275k       

for a Town home (attached home, multi floors)

$167K        $155k     $149k       $130k      $ 134k        $125k      $128k     

for a Condo

Other general statistics:

Single Family Homes (SFH):

A very striking statistics is that in 2014 only 13% of SFH sold in Wilton Manors were above $500,000. In 2020, that proportion was 58%!!!

198 single family homes sold in 2020, second highest number since 2014. The number of transactions is usually pretty evenly split among the 3 sections of town (East, Central, West) but in 2020 45% of the transactions happened in the central district and only 30% on the east side. 

Prices overall were up a whopping 11.6% in 2020 with the non-waterfront segment increasing the most at 13%!

The median price for single family homes is now 33% above the peak of 2007 and is 141% up since the trough of 2011.

27% of the homes sold were waterfront in 2020 which is higher than the 25% long term average. As always, the East side has the largest contingent with 51% of sales being waterfront while the West side had 36% and the Central District only 13% of waterfront sales.

The East side is always the most expensive but in 2020 the West side caught up with a whopping 20% increase of the median price and the Central District had a 15% increase while the more expensive East side grew by “only” 9%.  On the east side, 43% of homes sold above $700,000.

See below the 2020 numbers broken down per part of town per price category.

Area:                                                                                                                                                              Area:           West         Central       East
Median Price  $491,000      $518,000     $655,000
Below $300,000    2%            1%           0%
$300k to $400k   18%           18%           4%
$400k to $500k   33%           25%          21%
$500k to $700k   41%           29%          32%
Above $700,000    6%           27%          43%

Wilton Manors East side:

Half the homes sold are on the water. The 2020 median price for waterfront homes is now at $840,000. In 2017 it was only $609,000!! Prices of pool homes on the east side have gone up 18% in 2020. The 2 market segments whose prices have only gone up by 4% are dry lots and non pool homes.

Wilton Manors Central District:

This section are mostly dry lots (non waterfront) but prices have increased 19% across the board in that part of town.

Wilton Manors West side:

This section had the strongest price increase after a pause in 2019.

The share of homes priced above $700,000 has increased steadily year after year and represented 24% in 2020, up from 16% of the market in 2019. The market segment below $300,000 is evaporating fast across town (only 2 sales) while we had 15 homes selling above $1 million in Wilton Manors in 2020 (up from 2 in 2019).

The most striking numbers are the premiums paid for waterfront and pool homes. In terms of median prices for the city as a whole, a waterfront home sells for $205,000 more than a dry lot (41% premium) and a pool home sells for $235,000 more (58% premium)!!! The premium for pool homes is mostly due to the fact that non renovated homes -which sell for much less- typically don’t have pools while renovated homes -which fetch top dollar- typically have a pool.

70% homes sold in 2020 were built between 1950 and 1959 and another 13% were built in the 1960’s. The share of homes built after 2000 is at 8%, double what it was over the past years, showing the impact of tear-downs and brand new homes being built all over town.

54% of homes sold in 2020 had no garage or just a carport while 29% had a 2 car garage, the latter number growing steadily.

66% of homes sold in 2020 had 3 bedrooms and another 21% had more than 3 bedrooms.

Condos:

100 condos sold in 2020 down from 117 in 2019 and the lowest since 2009.

The median price for condos has increased by 8% at $167,500.  Condos remain BY FAR the most affordable investment alternative if you want to live in Wilton Manors with 66% of those sales below $200,000. Only 4% were priced above $400,000.

Condos have finally exceeded their 2007 level before the market crash (unlike single family homes which have been clearly above the 2007 market levels for years).

Condos priced above $250,000  were located either in Wilton Station or Island City Lofts. 

Town homes:

The town home market segment is the smallest and the median price increased a lot less than other market segments for the second year in a row (+4.2%). It is a smart alternative to single family homes whose prices are substantially higher.

32% of the sales were above $400,000 and 66% were between $200,000 and $400,000

That market segment is still 19% below the peak of 2007 because many townhomes were built during the peak and were sold at overinflated prices.

 

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The Wilton Manors real estate market reached a peak in 2007 and a trough in 2011. The waterfront homes hit a trough earlier, in 2009, probably indicating that a higher desirability -due to scarcity- meant a faster recovery. The non waterfront homes were basically stable between 2009 and 2011.

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Wilton Manors was a true roller coaster 

  • In 2007 only 14% of homes sold below $300,000. By 2011, it was 74% and in 2018 it is now down to a mere 2%
  • In 2007 only 3% of condos sold below $100,000. By 2011, it was 65% and in 2018 we are down to 4%!! 

With continued redevelopment projects, renovations and infill projects, Wilton Manors is looking at a bright future and is a SOLID investment.

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All the statistical data on this website derive from the local MLS and the Greater Fort Lauderdale Realtors Association

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Wilton-Manors-Homes-For-Sale / Your Wilton Manors Real Estate Expert Olivier