Davie 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 Davie market report or even customize your own report based on neighborhoods. 

As an overview of the market from my perspective, it's definitely a Seller's Market here in South Florida! Davie is no exception. The Greater Fort Lauderdale Board of Realtors came out with statistics for the 1st Quarter of 2017 showing that single family homes in Davie only had a 2 month supply of inventory.  Keep in mind that 6 months is considered average! In the townhouse / condo category, there was less than 1 month's supply of inventory.  

This goes to show that Davie is certainly a highly desirable area! Compare this with the averages for Broward County as a whole. Single family in Broward had a 3.3 month supply of inventory and for townhouses & condos, a 6 month supply.

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 Davie page or click here to go to my home page where you can search anywhere in Broward County.

In the first quarter of 2017, 165 single family homes closed in Davie 115 with a median sales price of $422,500. This represents a 11.6% increase over the 1st quarter of 2016. The average list to sales price was 94.2% and the median time from list to contract was 68 days.

Looking at townhouses and condos, there were 95 closed sales in the first quarter of 2017. Interestingly, 37 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. 

Continuing on with townhouses and condos, the median sales price in Davie for the first quarter was $161k, representing a 5.9% increase over last year.  The average list to sales price was 95.3% and the median time from list to contract was 51 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.

Active Properties
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
7021 SW 40th Ct 5 3 2,464 $435,000 $176 1 day
11191 SW 17th Mnr Unit 209 4 3 1,814 $375,000 $206 1 day
7173 Orange Unit #111 2 2 N/A $190,000 Unknown 1 day
3335 Palomino Dr Unit #322-3 2 2 1,103 $225,000 $203 2 days
13780 SW 37th Ct 4 3 1,252 $360,000 $287 1 day
3870 SW 59th Te 3 1 1,108 $249,000 $224 2 days
4781 SW 72nd Ave 3 2 1,551 $425,000 $274 2 days
10741 Pine Lodge Trl 6 6 6,000 $1,649,999 $274 2 days
3716 Saratoga Ln 7 7 6,500 $1,799,999 $276 2 days
6511 Ridgelock Ct 4 3 2,506 $479,900 $191 2 days
Average: 3.7 3.3 2,795 $660,703 $228 107 days
Viewing 1 - 10 of 467
Viewing 1 - 10 of 467
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
14361 N Royal Cove Circle 3 3 1,815 $396,000 $218 4 days
1809 SW 81st Ave Unit 3#15 3 3 1,650 $265,000 $160 7 days
15903 Stonetower Street 4 4 2,559 $545,000 $212 0 days
2221 SW 98th Ter 3 2 2,250 $496,000 $220 5 days
11006 N Harmony Lake Cir Unit 11006 3 3 1,465 $289,900 $197 3 days
1516 Whitehall Dr Unit 403 2 2 1,385 $225,500 $162 16 days
2091 SW 81st Way Unit 2091 2 1 796 $190,000 $238 4 days
10804 SW 17th Pl 3 2 1,876 $369,000 $196 1 day
1950 SW 81st Way 2 2 1,230 $235,000 $191 7 days
6660 W Wedgewood Ave 3 3 2,406 $465,000 $193 25 days
Average: 3.5 3.1 2,453 $595,162 $223 96 days
Viewing 1 - 10 of 48
Viewing 1 - 10 of 48
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
9311 Orange Grove Dr Unit #405 1 2 N/A $114,603 $111,000 Unknown 50 days 7/17/19
2801 Sw 108th Way 5 3 2,246 $614,900 $599,000 $266 55 days 7/17/19
6470 Sw 56th St 3 2 1,558 $424,900 $424,900 $272 61 days 7/17/19
3951 Sw 82nd Ter 2 2 1,360 $288,000 $285,000 $209 92 days 7/17/19
15467 Sw 20th St 5 3 3,238 $825,000 $805,000 $248 129 days 7/16/19
3580 E Southern Orchard Rd E 5 3 2,840 $670,000 $635,000 $223 94 days 7/15/19
12165 Vaquero Trails Dr Unit #12165 3 3 1,877 $389,990 $384,500 $204 180 days 7/15/19
3261 Sabal Palm Mnr Unit #206 2 2 916 $155,000 $150,000 $163 95 days 7/12/19
9410 Live Oak Pl Unit #404 2 2 960 $143,900 $140,000 $145 107 days 7/12/19
9261 N Southern Orchard Rd N 4 2 2,557 $550,000 $536,500 $209 48 days 7/11/19
Average: 3.1 2.6 2,019 $404,966 $384,189 $183 87 days
Viewing 1 - 10 of 612
Viewing 1 - 10 of 612