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 :

2018                 2017                  2016                  2015                 2014

 $457,000      $443,000       $400,000        $365,000     $344,000       

for any detached single family home 

$550,000       $540,000       $588,000        $499,000      $451,000     

for a waterfront single family home 

$422,000       $424,000       $365,000         $345,000     $314,000     

for a non waterfront single family home

 $345,000      $317,500      $315,000         $305,000      $275,000       

for a Town home (attached home, multi floors)

 $149,000       $130,000      $ 134,000        $125,000      $127,900     

for a Condo

Other general statistics:

Single Family Homes:

184 single family homes sold in 2018, similar to 2017 and previous years. The number of transactions is usually pretty evenly split among the 3 sections of town (East, Central, West) but in 2018 there were more sales in the central district and only 27% in the West side.

Prices overall were up 3% in 2018 and are up 32.8% since 2014. SO 2018 leveled off some after several years of steady price increases. The median price for single family homes is now 14% above the peak of 2007 and has more than doubled since the trough of 2011.

In 2018 price increases were healthy for waterfront properties and pool homes while there was a small price reduction for dry lots and non pool homes. 

24% homes sold were waterfront in 2018 which is online with long term averages.

The Eastern part of town is clearly the most expensive and for the past 3 years, the West part of town has been more expensive than the Central part. See below the 2018 numbers broken down per part of town per price category.

Area:                                                                                   W              West         Central       East
Median Price  $415,000      $403,000     $547,000
Below $300,000  16%             8%           2%
$300k to $400k  30%            39%           5%
$400k to $500k  32%            21%          29%
$500k to $700k  18%            20%          46%
Above $700,000   4%            11%          19%

Wilton Manors on the East side sees the share of homes priced above $700,000 increasing steadily year after year. The market segment below $300,000 is evaporating fast across town while we had five home selling above $1 million for the first time in Wilton Manors.

72% homes sold in 2018 were built between 1950 and 1959 and another 14% were built in the 1960’s. Only 4% were built after the year 2000. Those are standard stats in Wilton Manors over the years.

59% of homes sold in 2018 had a carport or no garage at all. Only 21% had a 2 car garage. These numbers are consistent with previous years.

67% of homes sold had 3 bedrooms and another 10% had more than 3 bedrooms. 

Condos:

114 condos sold in 2018 down from 133 condos were sold in 2017, which was a record year.

The median price for condos has increased by close to 15% at $149,000 from $130,000 in 2017 which makes it the strongest market segment in Wilton Manors in 2018 which is likely due to the fact that condos are BY FAR the most affordable investment alternative if you want to live in Wilton Manors.

The condo segment below $250k represents 80% of the market.

Condos priced above $250,000  were mostly located either in Wilton Station or Island City Lofts. Manor Grove had several sales above $200,000 in 2018 including one record at $260,000.

Town homes:

The town home market segment is the smallest but it continues to grow and with 64 sales in 2018 it was vigorous with a price increase of 8.6% to $345,000. It is a smart alternative to single family homes whose prices are substantially higher.

 

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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.

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 mere 8%
  • In 2007 only 3% of condos sold below $100,000. By 2011, it was 65% and in 2018 we are down to 8%!! 

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