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 :

2017                  2016                       2015                  2014

$443,000    $400,000            $365,000           $344,000       for any detached home (single family)

$540,000       $588,000        $499,000         $451,000      for a waterfront home 

$424,000       $365,000         $345,000            $314,000       for a non waterfront home

 $317,500      $315,000         $ 305,000           $275,000       for a Town home

 $130,000      $ 134,000          $ 125,000           $127,900     for a Condo

Other general statistics:

Single Family Homes:

189 single family homes sold in 2017, similar to 2016. The number of transactions was evenly split among the 3 sections of town (East, Central, West).

Prices overall were up 10.8% in 2017 and are up 28.8% since 2014. They were up 7.7% in the East side of town, up 16% on the west side and up by 14% in central Wilton Manors. The median price for single family homes is now 10% above the peak of 2008 and has doubled since the trough of 2011.

Over the past 3 years, waterfront homes had significantly outperformed the non waterfront segment but this year saw a catch up of “dry lots”

28% homes sold were waterfront in 2017 which is the highest since 2007.

The Eastern part of town is clearly the most expensive and for the past 2 years, the West part of town is more expensive than the Central part. See below the 2017 numbers broken down per part of town per price category.

Area:                                                            West         Central       East
Median Price  $422,000      $400,000     $537,500
Below $300,000  10%            14%           3%
$300k to $400k  32%            36%          10%
$400k to $500k  38%            25%          23%
$500k to $700k  18%            16%          50%
Above $700,000   2%             9%          14%

Wilton Manors overall prices increased by 10.8% for single family homes in 2017. The market segment below $300,000 is evaporating fast while we had one home selling above $1.5 million for the first time in Wilton Manors.

In 2017, single family homes sold:

Below $300,000 were 9% of the total down from 13%
Between $300k and $400k were 26% of the total down from 36% 
Between $400k and $500k were 29% of the total up from 26%
Above $500,000 were 36% of the total up from 23%

88% homes sold in 2017 were built between 1950 and 1969

62% of homes sold in 2017 had a carport or no garage at all. Only 20% had a 2 car garage.

79% of homes sold had 3 or more bedrooms

Condos:

133 condos were sold in 2017, the highest number in over 10 years and an increase of 17% over 2016.

The median price for condos has dropped slightly to $130,000 and remains 18% below the peak of 2007 unlike homes which have now more than fully recovered.

The market segment below $200k still represents 78% of the market but it is down 6% from last year. Nevertheless this indicates that the Wilton Manors condo market is BY FAR the most affordable market segment.

Condos priced above $250,000  were all located either in Wilton Station or Island City Lofts. Manor Grove had a few sales above $200,000 in 2017.

Town homes:

The town home market segment is the smallest and with only 50 sales in 2017, it was the least active since 2010 but prices reached new heights at $317,500. It is a smart alternative to single family homes whose prices are substantially higher.

At $317,500 it is still 26% below the peak which is normal considering that most town homes were sold for the first time in 2004 and 2005 when the market was at its peak.

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The Wilton Manors real estate market reached a peak in 2007 and a trough in 2011. It has now rebounded but median prices are still off the peaks reached in 2007, except for waterfront single family homes which are now 12% above the peak. 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.

  • Homes have recovered their grounds since the 2007 peak but waterfront homes are 12% ABOVE their 2007 peak while non waterfront homes are still 5% below the peak.
  • Townhomes are still 27% off their 2007 peak which can be explained by the fact that most town homes were new in 2004 and 2005 right at the peak
  • Condos are still 16% off their 2007 peak 

Wilton Manors was a true roller coaster 

  • In 2007 only 14% of homes sold below $300,000. By 2011, it was 74% and in 2016 it is back down to 13%
  • In 2007 only 3% of condos sold below $100,000. By 2011, it was 65% and in 2016 we are down to 18%!! 

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