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 has been a Seller's Market here in South Florida. Some people believe that's going to change due to COVID, but I think Davie is going to remain popular, as it lies on the outskirts of Fort Lauderdale. There are homes with acreage and space, which I think people will be looking for in the coming years.

The Greater Fort Lauderdale Board of Realtors came out with statistics for April 2020 showing that single family homes in Davie only had a 3 month supply of inventory.  Keep in mind that 6 months is considered average. In the townhouse / condo category, there's also a 3 month's 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% for single family homes. Inventory for townhouses & condos is at 6 months.

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 2020, 119 single family homes closed in Davie with a median sales price of $425,000. The average list to sales price was 93.1% and the median time from list to contract was 72 days.

Looking at townhouses and condos, there were 62 closed sales in the first quarter of 2020. Interestingly, 37.5% 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 $195,550, representing an 8.9% increase over last year.  The average list to sales price was 95% 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
1541 SW 119th Ter 4 3 2,838 $1,250,000 $440 1 day
4192 Sw 137th Ave 4 3 3,058 $1,395,000 $456 3 days
8601 SW 18 Place 3 2 1,514 $265,000 $175 1 day
2358 SW 70th Way Unit 6 2 2 1,112 $379,900 $341 2 days
6115 Stirling Rd Unit #211 N/A N/A N/A $238,000 Unknown 2 days
6960 Sw 39th St Unit #E103 2 2 1,154 $265,900 $230 3 days
1715 Whitehall Dr Unit #402 2 2 1,385 $315,000 $227 2 days
1660 E Oak Knoll Cir 3 3 2,494 $818,000 $327 2 days
3241 Sabal Palm Mnr Unit #105 2 2 942 $245,000 $260 3 days
14031 Langley Pl 3 3 1,277 $650,000 $509 3 days
Average: 3.6 3.0 2,332 $1,598,228 $371 82 days
Viewing 1 - 10 of 220
Viewing 1 - 10 of 220
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
6646 SW 41st St Unit 6646 3 3 N/A $319,999 Unknown 6 days
1931 Sabal Palm Dr Unit #204 2 2 976 $225,000 $230 0 days
12562 Grand Oaks Dr 5 5 4,717 $2,400,000 $508 15 days
6502 Abotts Mill Ave 3 2 2,116 $690,000 $326 12 days
760 Sw 135th Way 4 2 N/A $225,000 Unknown 1 day
5084 S University Dr 2 3 1,312 $375,000 $285 5 days
1500 Sw 96th Ter 3 3 2,704 $750,000 $277 3 days
3001 W Rolling Hills Cir Unit #504 2 2 1,180 $225,000 $190 2 days
1719 Whitehall Dr Unit #403 2 2 1,385 $260,000 $187 4 days
14973 Sw 50th Ct 3 3 1,582 $550,000 $347 9 days
Average: 3.1 2.9 2,164 $840,961 $311 48 days
Viewing 1 - 10 of 84
Viewing 1 - 10 of 84
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5540 Sw 54th St 3 2 2,048 $525,000 $510,000 $249 7 days 6/24/22
4240 Sw 74th Ave 3 2 1,232 $440,000 $390,000 $316 39 days 6/24/22
10767 Garden Ridge Ct 5 6 5,386 $1,850,000 $2,025,000 $375 5 days 6/23/22
6069 Sw 54th Court 4 3 2,676 $1,495,000 $1,360,000 $508 19 days 6/23/22
11131 Sw 17th Mnr Unit #11131 4 3 1,886 $500,000 $550,000 $291 8 days 6/22/22
851 Sw 135th Way 3 2 1,214 $495,000 $460,000 $378 5 days 6/22/22
11936 Green Oak Dr 4 3 3,289 $1,390,000 $1,210,000 $367 14 days 6/22/22
8045 Sw 21st Ct 2 2 1,276 $308,000 $320,000 $250 1 day 6/21/22
14060 Langley Pl 3 3 1,740 $500,000 $520,000 $298 9 days 6/21/22
610 Lowell Ln 4 3 1,858 $649,900 $679,000 $365 4 days 6/20/22
Average: 3.0 2.6 1,858 $580,474 $576,403 $280 31 days
Viewing 1 - 10 of 651
Viewing 1 - 10 of 651