Even though home prices in Florida have increased over the past few years, there aren’t signs of the housing market slowing down here. Now is the perfect moment to buy Wilton Manors real estate, whether you plan to use it as a vacation home, a rental, or a permanent residence. If you're curious about Florida's real estate market, specifically in Wilton Manors, you've come to the right place.
The case for real estate investments
Florida housing market predictions 2023
Since relocating to Florida can have significant financial rewards, experts anticipate the real estate market will continue to expand during 2023. While national home prices are predicted to fall during the coming year, Florida's average property value is likely to rise. Therefore, this is a great moment to invest in local property.
Investing in Wilton Manors real estate
Reasons to buy a home in Wilton Manors
Since Florida enjoys over 200 sunny days annually, it is a great area to visit at any time of the year. This not only makes it a fantastic spot to visit but also a place to settle down permanently. While a pair of shorts may be helpful during the muggy summer months, a light sweater is all you really need in the mild winter months. Wintertime lows across the state average in the 70s and 80s, while summertime highs average in the low 90s.
The Wilton Manors school district is home to many great schools, including five elementary schools, two middle schools, and a high school. It also offers two public charter schools and six private schools.
The Sunshine State has a well-earned reputation as a tranquil destination. Travel is the state's main draw; it exudes a carefree vacation spirit distinctive from that in the rest of the country. The area is relaxed and serene, making it ideal for raising a family or just unwinding. These factors make places like Wilton Manors extremely attractive to homebuyers seeking to escape the stresses of day-to-day life.
Wilton Manors property types
Top trends for 2023
Green homes will be on the rise
The sustainability movement is projected to impact Wilton Manors' real estate market in 2023. Luxury home construction and design are profoundly affected by the growing demand for environmentally friendly properties. Developers are designing green homes that incorporate solar panels and green areas into the design, allowing homeowners to reduce their environmental impact and save money on energy expenditures. As awareness of climate change grows, this trend is predicted to skyrocket in popularity in 2023. Therefore, if you are planning to invest in Wilton Manors real estate this coming year, verify the property's eco-friendliness before signing any paperwork, as green features could significantly impact the future return on your investment.
Demand will increase for homes that provide a sense of community
Demand for smart homes will multiply
In 2023, the increased demand for smart homes is projected to substantially impact the Wilton Manors real estate market. Wilton Manors is a fantastic spot for folks looking for a luxurious lifestyle due to its many amenities and proximity to significant city hubs. Real estate owners will be looking for homes with smart appliances and automated systems to take advantage of all the ways that technology may improve their daily lives. The desire for increased comfort, efficacy, and convenience in all areas — from security to energy use — will drive this demand. While it may be expensive to have these features installed in a home, many people are willing to do so to reap the benefits of living in a state-of-the-art dwelling.
The luxury housing market will strengthen and stabilize
Luxury homes are easier to find than ever, thanks to worldwide property search portals and an increase in web listings featuring them. As a result, apartments, condominiums, and houses in big cities and wealthy suburbs will continue to be in high demand long into 2023.
If you’re interested in exploring Wilton Manors real estate, Jeremy Willard and Ken Calhoun can help. If you want to learn more about living in Wilton Manors or would like to explore listings in the area, contact Jeremy and Ken today.
*Header photo courtesy of Shutterstock