Wilton Manors Townhome at Valencia Sold
Wilton Manors Real Estate once again showed that it is a unique real estate market, as Eric Miller of Keller Williams Fort Lauderdale closed on the highest priced Wilton Manors Townhome sold in 2011 just prior to the end of the year. Having the highest priced residential Wilton Manors Townhome sale in 2011 is a great announcement to make at Eric Miller and Associates who has been part of the Wilton Manors real estate market for over 10 years, however it is also an honor to have represented the first resale at what are the finest townhomes communities ever built within Wilton Manors Real Estate.
Quality Holds its Value in Wilton Manors Real Estate
Since the completion of Valencia, Wilton Manors townhome community of just 6 luxury units in 2008, the property has clearly maintained its value in a market that saw additional declines though mid 2011. At over 2500 sq. feet, 3 bedrooms 3 and ½ baths and finishes throughout that clearly emphasize luxury construction. Valencia was supposed to be the first of a series of more Victoria Park style townhomes from numerous builders that were about to appear on the market in Wilton Manors in 2006. The decline of the Fort Lauderdale Real Estate market caused many of these Wilton Manors Townhome projects that were not underway to be cancelled. Valencia, which was already under construction when the market declined, became a standout as six of the finest Wilton Manors Townhomes.
Stage is set for price increases in Wilton Manors Real Estate
Wilton Manors Realtor, Eric Miller of Keller Williams Fort Lauderdale noted that this deal was a win for the both the buyer and seller. The seller was able to exit the property as plans changed for them at a fair price in a market that declined since their purchase. The buyer purchased a Wilton Manors townhome that would cost more today to build then it has sold for. This fact along with the tightening of Wilton Manors Real Estate inventory and incredibly low interest rates are setting the stage for real estate prices to start recovering. If you have been thinking about a purchasing in the Wilton Manors real estate market, now is a great time to reach out to a Wilton Manors Realtor and start your search for the perfect piece of Wilton Manors Real Estate.
