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
4304 Sw 72nd Ter 3 2 1,403 $299,900 $213 0 days
1267 Sw 114th Av 3 2 N/A $85,000 Unknown 0 days
4169 S Pine Island Rd 2 2 1,277 $255,000 $199 0 days
1721 Whitehall Dr Unit 402 2 2 1,385 $177,900 $128 0 days
3870 Sw 60th Ter 2 1 675 $208,900 $309 0 days
890 Sw 20th Place Unit #A-20 2 3 N/A $265,000 Unknown 0 days
15430 Sw 31st St 3 2 1,424 $399,900 $280 1 day
1504 Whitehall Dr Unit #205 2 2 1,385 $204,000 $147 1 day
1272 SW 117th Way 3 2 N/A $100,000 Unknown 1 day
139 AVE SW 139th Ave N/A N/A N/A $277,000 Unknown 1 day
Average: 3.5 3.1 2,676 $676,065 $221 126 days
Viewing 1 - 10 of 441
Viewing 1 - 10 of 441
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
14010 S Forest Oak Cir 3 3 1,446 $307,000 $212 4 days
No address 2 2 1,144 $156,000 $136 2 days
6670 SW 41st Place Unit 30 3 2 1,400 $194,555 $138 11 days
1900 Sabal Palm Dr Unit 202 3 2 1,124 $199,900 $177 6 days
2803 SW 81st Ter 3 2 1,874 $399,900 $213 9 days
5116 S University Dr Unit 5116 3 3 1,324 $239,950 $181 25 days
4157 SW 66th Way Unit 133 3 3 1,452 $189,000 $130 16 days
5530 SW 109 Ave 5 3 2,407 $600,000 $249 3 days
14065 S Cypress Cove Cir 3 3 1,815 $369,000 $203 16 days
15110 Meadhaven St 3 3 2,066 $449,000 $217 13 days
Average: 3.5 3.4 2,605 $683,216 $230 102 days
Viewing 1 - 10 of 42
Viewing 1 - 10 of 42
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
12820 Trotter Blvd 4 5 4,425 $1,450,000 $1,412,500 $319 22 days 10/18/19
6471 N Anise Ct 3 3 1,658 $379,000 $370,000 $223 69 days 10/16/19
14851 Sw 51st St 3 3 1,582 $375,000 $375,000 $237 68 days 10/15/19
2642 W Abiaca Cir 4 2 2,887 $565,000 $565,000 $195 59 days 10/11/19
1717 Whitehall Dr Unit #406 2 2 1,385 $187,500 $182,000 $131 64 days 10/11/19
1759 Sw 81st Way Unit #3-33 4 3 1,920 $290,000 $280,000 $145 79 days 10/11/19
10111 Sw 16th Ct 4 2 1,855 $434,900 $413,705 $223 107 days 10/11/19
3100 W Rolling Hills Cir Unit #708 1 2 900 $149,000 $137,000 $152 50 days 10/10/19
3615 Citrus Trce Unit #6 2 2 1,358 $200,000 $195,000 $143 96 days 10/9/19
7760 Nw 36th St 3 2 1,008 $245,000 $245,000 $243 53 days 10/7/19
Average: 3.2 2.7 2,040 $408,467 $401,102 $190 86 days
Viewing 1 - 10 of 665
Viewing 1 - 10 of 665