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
15051 Sw 39th St 5 4 3,726 $895,000 $240 20 days
910 Seabrook Ave 3 2 1,413 $326,900 $231 146 days
5700 W Peppertree Cir 5 7 10,648 $3,750,000 $352 1 day
11920 Sw 7th Ct 3 3 1,654 $299,000 $180 2 days
2700 SW 116th Ave 5 3 3,353 $1,080,000 $322 1 day
9501 Seagrape Dr Unit #201 3 2 1,155 $199,900 $173 3 days
3738 Gulfstream Way 5 6 5,224 $1,395,000 $267 5 days
1711 Whitehall Dr Unit #401 2 2 1,385 $195,000 $140 2 days
9320 SW 23rd St Unit 4103 2 2 1,380 $209,900 $152 2 days
8111 Sw 24th St Unit #8111 2 2 817 $207,000 $253 3 days
Average: 3.5 3.1 2,690 $679,272 $224 122 days
Viewing 1 - 10 of 434
Viewing 1 - 10 of 434
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
12911 SW 17th Pl 3 2 1,210 $315,000 $260 12 days
3640 E Bell Dr Unit 81 3 2 1,317 $274,500 $208 6 days
3247 Beechberry Cir 4 2 2,605 $549,000 $210 12 days
4169 S Pine Island Rd 2 2 1,326 $255,000 $192 9 days
1721 Whitehall Dr Unit 402 2 2 1,385 $159,900 $115 11 days
7060 Nova Dr Unit 206 2 2 1,140 $139,000 $121 7 days
13821 Chatham Pl 5 5 3,888 $749,995 $192 41 days
1711 Whitehall Dr Unit 305 2 2 1,385 $174,900 $126 49 days
6612 SW 41st St Unit 6612 3 3 1,420 $210,000 $147 41 days
9411 Oak Grove Cir 3 2 1,897 $389,900 $205 55 days
Average: 3.3 2.9 2,205 $567,621 $218 116 days
Viewing 1 - 10 of 27
Viewing 1 - 10 of 27
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
5840 Sw 54th Ave 3 2 1,658 $273,000 $260,000 $156 63 days 12/6/19
4240 Sw 55th Ave 3 2 1,248 $284,500 $284,500 $227 10 days 12/6/19
1701 E Whitehall Dr Unit #103 2 2 1,385 $169,000 $163,500 $118 249 days 12/6/19
9309 Arborwood Cir 2 2 1,256 $349,750 $349,750 $278 35 days 12/3/19
4225 Sw 74th Ave 2 1 1,276 $319,000 $297,000 $232 70 days 12/2/19
5029 Kobus Ter Unit #5029 3 3 N/A $405,000 $405,000 Unknown 40 days 12/2/19
4040 Sw 84th Ter 4 3 2,140 $395,000 $380,000 $177 13 days 12/2/19
13 Seville Cir Unit #3-54 3 3 1,670 $224,900 $206,500 $123 22 days 12/2/19
4020 Sw 84th Ter 3 3 1,958 $350,000 $350,000 $178 23 days 12/2/19
9440 Live Oak Pl Unit #401 2 2 980 $149,999 $145,000 $147 221 days 11/30/19
Average: 3.2 2.7 2,013 $404,512 $397,941 $191 59 days
Viewing 1 - 10 of 623
Viewing 1 - 10 of 623