Plantation Real Estate Market Report

or Create your own market report

As a Realtor, one of the most common questions I'm asked is "How's The Market?"

Here you can get a detailed Plantation market report or even customize your own report based on neighborhoods. 

As an overview of the market from my perspective, it has definitely a Seller's Market here in South Florida. It's possible that may change due to COVID, but Plantation may not be hit as hard, as it lies on the outskirts of Fort Lauderdale. As people may want to live in more suburban neighborhoods, I suspect Plantation will become even more desirable than it already is.

That said, it's possible the city may be changing it's name. A Plantation resident started a petition on June 12th on change.org to change the city's name, saying it's a symbol of it's racist confederate past. In just 2 days, almost all of the necessary signatures have been obtained. So we may be seeing a name change in the near future. The name Jacaranda has been suggested, so we'll see what voters wind up deciding.

Going back to statistics, the Greater Fort Lauderdale Board of Realtors came out with statistics for the 1st Quarter of 2020 showing that single family homes in Plantation only had a 3.3 month supply of inventory.  Keep in mind that 6 months is considered average. In the townhouse / condo category, there was only a 2.9 month supply of inventory.

Currently inventory is low throughout Broward County, so prices are holding steady and even continuing to increase in some areas. If we see a lot of inventory coming on the market in the future, things may change. But for now, inventory for single family homes in Broward County as a whole is only 3.9%. Inventory for townhouses & condos is at 6 months. So Plantation inventory is currently even lower than Broward County, which is not surprising to me. As long as inventory remains like this, prices will not be coming down. 

If you're not interested in all these statistics and just want to search homes for sale, you can click here to go to my Plantation page or click here to go to my home page where you can search anywhere in Broward County.

In the first quarter of 2020, 145 single family homes closed in Plantation with a median sales price of $425k. The average list to sales price was 94.8% and the median time from list to contract was 65 days.

Looking at townhouses and condos, there were 84 closed sales in the first quarter of 2020. Interestingly, 27.4% were cash sales. I attribute this to the continued difficulty in financing condos in Florida. Personally I'm hoping that more condos will pursue FHA eligibility, as this would make it so much easier for young people to buy their first home. When I started in Real Estate back in 1998, there were many condos that could be purchased with FHA financing. Most condos today require 20-30% down.

Continuing on with townhouses and condos, the median sales price in Plantation for the first quarter was $188k, representing a huge 21.3% increase over last year.  The average list to sales price was 95% and the median time from list to contract was 65 days.

If you haven't checked out the market report for your area, what are you waiting for! It's a great tool and it's free! 

Of course if you ever have questions about Real Estate or are thinking of buying or selling, I'd love to hear from you. You can give me a call at 954-557-7036 or email debbie@SouthFLHomes.com.

Address Beds Baths Living ft2 List Price Cost per ft2 DOM
9856 NW 5th Ct 3 3 1,984 $650,000 $327 1 day
10061 NW 5th St 3 2 1,774 $560,000 $315 2 days
510 NW Nw Unit 339 1 1 842 $350,000 $415 1 day
9816 NW 5th Ct 4 3 1,991 $649,999 $326 1 day
460 Nw 110th Ave 5 3 2,726 $1,190,000 $436 3 days
430 Commodore Dr Unit 215 2 2 1,130 $275,000 $243 2 days
9841 Nw 9th Ct 3 3 1,516 $579,900 $382 2 days
2681 N Flamingo Rd Unit #1503S 2 2 1,165 $370,000 $317 3 days
1721 Sw 67th Ter 4 3 2,246 $790,000 $351 7 days
5 Nw 108th Way 4 3 2,931 $999,000 $340 3 days
Average: 3.0 2.6 1,924 $679,915 $313 73 days
Viewing 1 - 10 of 325
Viewing 1 - 10 of 325
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1360 NW 73rd Ave 4 2 1,957 $639,000 $326 9 days
12351 Nw 2nd St 6 4 4,777 $1,949,900 $408 3 days
No address 4 3 2,587 $799,900 $309 3 days
9565 Nw 9th Ct 4 3 1,979 $580,000 $293 4 days
581 NW 75th Ter 4 2 2,343 $874,900 $373 7 days
1050 NW 95th Ave 4 3 2,372 $989,000 $416 8 days
674 W Tropical Way 5 5 5,200 $1,685,000 $324 8 days
13409 Nw 5th Pl 3 2 1,452 $570,000 $392 13 days
9839 Nw 2nd St 3 2 1,597 $525,000 $328 9 days
13340 Nw 7th St 3 3 2,334 $739,000 $316 16 days
Average: 3.3 2.7 2,168 $800,944 $328 49 days
Viewing 1 - 10 of 51
Viewing 1 - 10 of 51
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5702 Sw 1st St 5 2 1,571 $589,990 $570,000 $362 64 days 3/27/24
600 Nw 66th Ave 5 3 2,923 $925,000 $900,000 $307 96 days 3/27/24
7949 Nw 10th Ct 2 2 1,100 $369,000 $361,000 $328 18 days 3/26/24
1500 Sw 73rd Ave 4 3 2,650 $699,900 $630,000 $237 26 days 3/25/24
861 N Bel Air Dr 3 3 1,752 $465,400 $540,000 $308 10 days 3/22/24
7541 Nw 16th St Unit #1102 2 2 1,020 $175,900 $175,900 $172 27 days 3/22/24
416 Nw 46th Ter 3 2 1,178 $405,900 $375,000 $318 9 days 3/21/24
6721 Sw 17th St 4 2 2,208 $840,000 $820,000 $371 20 days 3/21/24
10980 Nw 12th Ct 3 3 1,484 $475,000 $445,000 $299 27 days 3/21/24
12300 Nw 6th St 4 3 2,312 $1,400,000 $1,375,000 $594 22 days 3/20/24
Average: 3.0 2.5 1,859 $610,749 $589,425 $291 47 days
Viewing 1 - 10 of 421
Viewing 1 - 10 of 421