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)

2019          2018           2017           2016            2015        2014

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

for any detached single family home 

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

for a waterfront single family home 

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

for a non waterfront single family home

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

for a Town home (attached home, multi floors)

  $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 2019, that proportion was 47%!!!

174 single family homes sold in 2019, consistent with previous years since 2014. The number of transactions is -as always- pretty evenly split among the 3 sections of town (East, Central, West). 

Prices overall were again up 3.9% in 2019 with the waterfront segment increasing a whopping 17% in 2019 alone! The median price for single family homes is now 19% above the peak of 2007 and is 116% up since the trough of 2011.

In 2019 price increases were very strong for waterfront properties (+17%), + 6.9% for non pool homes, +3.6% for dry lots and a small drop of 1.8% for pool homes.

28% homes sold were waterfront in 2019 which is the highest in years but still consistent with 25% long term average. The East side has the largest contingent with 50% of sales being waterfront while the other 2 parts of town have approx. 20% of waterfront sales.

The Eastern side is clearly the most expensive and for the past 3 years, the West side had been more expensive than the Central district, but the market stalled in the west in 2019. See below the 2019 numbers broken down per part of town per price category.

Area:                                                                                                                                                              Area:           West         Central       East
Median Price  $408,500      $450,000     $600,000
Below $300,000  13%             8%           2%
$300k to $400k  35%            32%           7%
$400k to $500k  30%            21%          14%
$500k to $700k  19%            22%          47%
Above $700,000   4%            18%          30%

Wilton Manors East: waterfront homes are now priced mostly above $600,000 (92% market share up from 60% in 2018!!!). Prices of waterfront homes on the east side have gone up 11% in 2019, the strongest segment in that part of town. In 2019, 30% of homes without a pool sold above $600,000 (!) while in the past that market share never exceeded 10%!!!

Wilton Manors Central is mostly dry lots (non waterfront) but prices have increased 11% across the board in that part of town.

Wilton Manors West lagged behind in 2019 after 3 strong years. Prices dropped 1.5% due to dry lots and non waterfront homes.

The share of homes priced above $700,000 increased steadily year after year and represented 16% of the market in 2019. The market segment below $300,000 is evaporating fast across town while we had two homes selling above $1 million in Wilton Manors in 2019 (after five in 2018).

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 $208,000 more than a dry lot (48% premium) and a pool home sells for $160,000 more (42% premium)!!!

71% homes sold in 2019 were built between 1950 and 1959 and another 16% were built in the 1960’s. Those are remarkably stable numbers in Wilton Manors over the years.

52% of homes sold in 2019 had no garage or just a carport. Only 21% had a 2 car garage. These numbers are consistent with previous years.

66% of homes sold in 2019 had 3 bedrooms and another 14% had more than 3 bedrooms.  These numbers are consistent with past years.

Condos:

117 condos sold in 2019 up from 114 condos were sold in 2018, consistent with previous years.

The median price for condos has increased by 2.63% at $155,000.  Condos remain BY FAR the most affordable investment alternative if you want to live in Wilton Manors with 68% of those sales between $100,000 and $200,000.

The condo segment below $300k represents 88% of that market segment.

Condos have now practically regained their level of 2007 when the market peaked (unlike single family homes which are clearly above the 2007 market levels).

Condos priced above $250,000  were mostly located either in Wilton Station or Island City Lofts. Manor Grove had a couple of sales above $250,000 in 2019.

Town homes:

The town home market segment is the smallest and the median price dropped slightly for no apparent reason (the mix of sales seems to be the reason on a smaller sample). It is a smart alternative to single family homes whose prices are substantially higher.

That market segment is still below 15% 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 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