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
9420 Poinciana Pl Unit 407 1 2 940 $167,000 $177 1 day
1831 Sabal Palm Dr Unit 301 3 2 1,170 $275,000 $235 1 day
2851 Sw 141st Ter 6 6 5,864 $1,850,000 $315 4 days
2131 SW 113th Ave 3 3 2,351 $1,250,000 $531 5 days
521 Mulberry Ln 4 3 1,814 $590,000 $325 5 days
3706 NW 77th Ave Unit 3706 2 2 1,201 $344,900 $287 2 days
1717 Whitehall Drive Unit 403 2 2 1,385 $284,900 $205 2 days
9055 Lake Park Cir 3 2 1,327 $535,000 $403 2 days
4097 Sw 140th Ave 6 4 4,361 $1,489,000 $341 2 days
8550 SW 20th Pl 2 2 881 $185,000 $209 2 days
Average: 3.6 3.1 2,519 $1,475,492 $367 98 days
Viewing 1 - 10 of 303
Viewing 1 - 10 of 303
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
2252 Phoenix Ave 6 5 3,628 $1,250,000 $344 2 days
13925 N Forest Oak Cir 3 3 1,671 $475,000 $284 14 days
3951 Sw 72nd Ter 4 3 2,042 $579,000 $283 7 days
1941 Sw 81st Way Unit #1941 2 2 1,230 $337,000 $273 2 days
5158 Madison Lakes Cir W 3 4 2,141 $559,999 $261 6 days
551 Abingdon Way 3 3 1,541 $543,000 $352 27 days
4762 Sundance Way 3 3 1,704 $495,000 $290 11 days
1705 Whitehall Dr Unit #406 2 2 1,385 $235,000 $169 13 days
9132 Sw 20th Pl Unit #B 3 3 1,488 $375,000 $252 14 days
3300 W Rolling Hills Cir Unit #108 1 2 900 $199,000 $221 6 days
Average: 3.4 3.3 2,155 $947,088 $314 78 days
Viewing 1 - 10 of 59
Viewing 1 - 10 of 59
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
7512 Sw 28th St Unit #35 3 2 1,480 $419,900 $419,000 $283 59 days 12/2/22
3335 Palomino Dr Unit #321-3 3 2 1,416 $349,900 $315,000 $222 67 days 11/30/22
9218 Magnolia Ct 3 3 1,943 $599,000 $555,000 $285 105 days 11/30/22
7701 Davie Road Extension N/A N/A N/A $3,000,000 $2,875,000 Unknown 619 days 11/30/22
4730 Sw 57th Ave 4 2 1,680 $565,000 $560,000 $333 1 day 11/28/22
6952 Sw 39th St Unit #C102 2 2 1,183 $280,000 $280,000 $236 8 days 11/28/22
901 Sw 111th Way 3 2 1,281 $410,000 $380,000 $296 8 days 11/28/22
11050 Sw 55th St 6 4 4,060 $1,299,000 $1,150,000 $283 36 days 11/28/22
8691 SW 18th Ct 2 2 1,100 $175,000 $155,000 $140 275 days 11/23/22
9311 Orange Grove Dr Unit #316 3 2 1,260 $257,115 $240,000 $190 8 days 11/22/22
Average: 3.0 2.6 1,840 $592,338 $578,862 $289 33 days
Viewing 1 - 10 of 522
Viewing 1 - 10 of 522