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
13770 Cedar Bluff Ct 4 3 2,014 $449,000 $222 2 days
2946 S University Dr Unit 7106 1 1 565 $138,500 $245 Unknown
5315 Golden Eagle Terrace 5 4 2,630 $524,900 $199 Unknown
2597 SW 102nd Dr 6 5 6,413 $1,285,000 $200 Unknown
3672 Sw 59th Ave Unit #7 2 2 1,025 $159,900 $156 3 days
11923 Sw 9th Ct 3 3 1,654 $260,000 $157 3 days
6000 Sw 58th Ct 3 2 1,732 $425,000 $245 3 days
10461 N Lake Vista Cir 5 5 6,935 $1,349,000 $194 Unknown
10731 Sw 48th St 3 3 1,532 $750,000 $489 3 days
2801 Sw 87 Ave Unit #1006 2 3 1,300 $199,000 $153 4 days
Average: 3.5 3.2 2,913 $647,767 $205 121 days
Viewing 1 - 10 of 483
Viewing 1 - 10 of 483
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
5871 Brighton Ln 2 2 1,775 $340,000 $191 Unknown
12960 SW 10th Ct 3 2 1,689 $399,000 $236 Unknown
3231 Sabal Palm Mnr Unit 207 2 2 1,000 $149,000 $149 Unknown
5510 SW 38th Ct 2 1 734 $227,500 $309 Unknown
2722 W Abiaca Cir 3 2 2,531 $515,000 $203 Unknown
3100 W Rolling Hills Cir Unit 110 2 2 1,140 $157,000 $137 Unknown
12450 SW 7th Pl 3 2 2,043 $375,000 $183 Unknown
6773 SW 41st Dr Unit 25 2 3 1,314 $174,900 $133 Unknown
No address 3 2 1,733 $395,000 $227 Unknown
775 SW 119th Way Unit 775 3 3 1,489 $234,900 $157 Unknown
Average: 3.4 3.3 2,795 $668,564 $187 N/A day
Viewing 1 - 10 of 37
Viewing 1 - 10 of 37
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
3700 E Valley Green Dr Unit #82 3 2 1,317 $275,000 $266,000 $201 38 days 3/20/19
4215 NW 76th Ave Unit 4215 2 3 1,496 $220,000 $220,000 $147 Unknown 3/20/19
3112 Peachtree Cir 5 4 2,862 $649,900 $620,000 $216 142 days 3/19/19
3670 Sw 59th Ter Unit #74 3 2 1,290 $165,000 $165,000 $127 31 days 3/18/19
13501 Sw 16th Ct 4 2 2,705 $605,999 $606,000 $224 53 days 3/18/19
4621 SW 108th Ave 3 2 2,481 $615,000 $595,000 $239 Unknown 3/18/19
1485 Sw 97th Way 5 3 2,614 $495,000 $485,700 $185 72 days 3/18/19
2431 Sw 82 Avenue Unit #201 2 2 N/A $134,630 $125,000 Unknown 108 days 3/18/19
3654 Citrus Trce Unit #3 2 3 1,470 $210,000 $190,000 $129 244 days 3/18/19
14824 Sw 37th St 4 4 3,726 $929,000 $905,000 $242 29 days 3/15/19
Average: 3.1 2.5 2,111 $373,771 $357,698 $176 97 days
Viewing 1 - 10 of 560
Viewing 1 - 10 of 560