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
8620 Buckskin Mnr Unit #8620 3 2 2,097 $380,000 $181 1 day
7830 Nw 40th St 4 3 2,832 $434,000 $153 1 day
3741 W Citrus Trce 3 2 1,320 $285,000 $215 1 day
34 Seville Cir Unit #4-50 3 3 1,670 $245,000 $146 1 day
5230 S University Dr Unit #101D N/A N/A N/A $359,000 Unknown 1 day
11026 Sw 15th Mnr 3 3 1,628 $310,500 $190 1 day
12081 Ashford Ln 6 6 4,177 $1,290,000 $308 1 day
1660 Sw 100th Ter 4 2 1,855 $425,000 $229 84 days
3509 Juniper Ln 5 6 5,287 $1,449,999 $274 2 days
225 Sable Palm Way Unit #225 3 3 1,671 $349,900 $209 3 days
Average: 3.2 3.0 2,324 $630,173 $232 124 days
Viewing 1 - 10 of 374
Viewing 1 - 10 of 374
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
No address 3 2 1,560 $440,000 $282 4 days
753 SW 120 Way Unit 753 3 3 1,489 $299,900 $201 6 days
3271 Sabal Palm Mnr Unit #207 2 2 942 $170,000 $180 10 days
14910 Sw 16th Ct 6 7 6,091 $2,320,000 $380 49 days
1051 Cumberland Ter 4 2 1,908 $449,900 $235 3 days
13021 SW 9th Court 3 2 1,600 $25,000 $15 11 days
7100 Nova Dr Unit A104 2 2 1,060 $160,000 $150 13 days
9132 Sw 20th Pl Unit #D 2 3 1,488 $282,500 $189 6 days
14941 Sw 70th Pl 4 3 2,280 $499,000 $218 7 days
4208 W Stonecreek Cir 3 3 1,475 $295,735 $200 3 days
Average: 3.1 2.8 1,955 $485,053 $216 57 days
Viewing 1 - 10 of 140
Viewing 1 - 10 of 140
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
10400 Sw 20th St 3 2 N/A $569,900 $560,000 Unknown 3 days 11/30/20
1711 Whitehall Dr Unit #104 2 2 1,385 $189,999 $183,000 $132 75 days 11/25/20
5620 W Waterford Dr 3 3 2,366 $475,500 $477,000 $201 32 days 11/24/20
8925 S Lake Park Cir S 3 2 1,709 $429,850 $435,000 $254 5 days 11/23/20
1816 Sw 101st Ave 4 2 3,229 $689,900 $630,000 $195 241 days 11/22/20
7884 Sw 52nd Pl Unit #7884 3 3 1,892 $360,000 $350,000 $184 12 days 11/21/20
13141 Sw 7th Ct 2 2 N/A $159,900 $150,000 Unknown 5 days 11/20/20
6120 Sw 38th Ct 2 2 1,075 $279,900 $280,000 $260 8 days 11/20/20
2650 Oak Park Cir 3 2 1,709 $425,000 $425,000 $248 6 days 11/20/20
14110 Sw 15th Ct 5 3 N/A $880,000 $850,000 Unknown 38 days 11/20/20
Average: 3.3 2.8 2,148 $479,171 $460,829 $206 55 days
Viewing 1 - 10 of 627
Viewing 1 - 10 of 627