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
2141 Sw 98th Ter 4 3 3,123 $550,000 $176 1 day
15253 SW 40th St 5 5 4,635 $1,195,000 $257 1 day
11010 SW 11th Pl Unit 214 2 2 1,444 $274,500 $190 1 day
4850 Sw 63rd Ter Unit #133 2 2 1,100 $130,000 $118 1 day
8523 Old Country Mnr Unit #515 1 2 923 $124,900 $135 1 day
5014 Loebner Ter 3 3 1,707 $396,790 $232 1 day
5124 S University Dr Unit N/A 3 3 2,178 $340,000 $156 1 day
1849 SW 81st Way Unit 1849 3 3 1,650 $249,500 $151 1 day
1701 Whitehall Dr Unit #201 2 2 1,385 $177,900 $128 1 day
7085 Nova Dr Unit #332 3 2 1,247 $240,000 $192 2 days
Average: 3.6 3.2 2,692 $639,946 $214 113 days
Viewing 1 - 10 of 499
Viewing 1 - 10 of 499
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
13680 SW 33rd Ct 6 5 4,683 $900,000 $192 5 days
14210 Somerset Pl 4 2 2,256 $499,900 $221 8 days
2826 Oak Grove Rd 3 3 1,943 $475,000 $244 7 days
2805 Morning Glory Ln 5 3 3,122 $639,999 $204 11 days
2211 SW 92nd Ter Unit 1803 2 2 1,380 $204,900 $148 6 days
3750 Birch Ter 6 7 6,084 $1,300,000 $213 15 days
10121 SW 18th St 4 4 3,524 $699,000 $198 8 days
8101 Bermuda Point Ln 5 4 3,614 $864,900 $239 18 days
9430 Tangerine Pl Unit 303 2 2 1,000 $159,900 $159 19 days
9460 Tangerine Pl Unit 310 3 2 1,300 $189,900 $146 14 days
Average: 3.5 3.1 2,412 $627,204 $220 100 days
Viewing 1 - 10 of 49
Viewing 1 - 10 of 49
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
3970 Sw 72nd Way 4 2 1,797 $371,500 $371,500 $206 45 days 5/20/19
9420 Live Oak Pl Unit #104 3 3 1,340 $205,000 $183,000 $136 73 days 5/20/19
7830 Nw 40 Street 4 3 N/A $339,900 $335,000 Unknown 18 days 5/17/19
9400 Live Oak Pl Unit #204 2 2 960 $149,500 $149,500 $155 160 days 5/17/19
4450 Estates Rd 4 4 3,900 $1,070,000 $980,000 $251 77 days 5/16/19
7775 Deercreek Ct 2 3 1,600 $266,900 $267,000 $166 124 days 5/16/19
15090 Sw 16th St 5 6 4,477 $1,285,000 $1,170,000 $261 146 days 5/16/19
9721 Ridge Walk Ct 5 3 2,812 $585,000 $560,000 $199 96 days 5/15/19
9491 Evergreen Pl Unit #306 1 1 645 $92,000 $85,000 $131 103 days 5/15/19
6501 Hidden Cove Dr Unit #6-1 3 2 1,471 $279,999 $374,000 $254 147 days 5/15/19
Average: 3.1 2.7 2,055 $409,405 $387,100 $181 90 days
Viewing 1 - 10 of 528
Viewing 1 - 10 of 528