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
1715 Whitehall Dr Unit 401 2 2 1,385 $189,999 $137 0 days
5228 Sw 77th Way 3 3 1,734 $345,000 $198 1 day
11880 Sw 13th Ct 3 3 1,654 $309,900 $187 1 day
8109 SW 22nd Ct Unit 146 2 2 N/A $249,000 Unknown 0 days
5020 Sw 70th Ave N/A N/A N/A $2,800,000 Unknown 4 days
12405 SW 9th Pl 4 3 2,216 $485,000 $218 1 day
4120 Sw 106th Ter 4 3 2,833 $789,000 $278 3 days
13810 Roanoke St 4 2 1,908 $475,900 $249 3 days
3553 Crystal Ln 5 3 2,826 $995,000 $352 3 days
11041 SW 11th Pl Unit 11041 4 3 2,146 $395,000 $184 2 days
Average: 3.5 3.1 2,604 $647,551 $218 117 days
Viewing 1 - 10 of 423
Viewing 1 - 10 of 423
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
1600 SW 117th Ave 2 3 1,512 $624,900 $413 10 days
5503 SW 57th Pl 4 3 2,115 $400,000 $189 3 days
2210 SW 97 Lane 4 2 N/A $539,900 Unknown 17 days
1516 Whitehall Dr Unit 302 2 2 1,385 $231,000 $166 16 days
7725 Paddock Pl Unit 7725 2 3 1,600 $285,000 $178 5 days
3651 SW 117th Ave 5 4 3,548 $979,500 $276 27 days
8955 Lake Park Cir 3 2 1,709 $400,000 $234 30 days
3533 Lakeside Dr Unit 3533 3 3 1,638 $367,900 $224 5 days
2920 Oak Park Cr 3 3 1,943 $449,000 $231 4 days
12608 S Stonebrook Cir 6 8 6,424 $1,449,000 $225 21 days
Average: 3.3 2.9 2,341 $539,764 $206 46 days
Viewing 1 - 10 of 40
Viewing 1 - 10 of 40
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
860 Amherst Ave 3 2 1,698 $400,000 $390,000 $229 34 days 3/31/20
8010 Sw 17th Pl Unit #1-5 3 3 N/A $251,900 $245,000 Unknown 84 days 3/31/20
9308 Arborwood Cir 3 2 1,566 $379,000 $379,000 $242 100 days 3/27/20
5126 S University Dr 3 3 1,324 $295,000 $290,000 $219 45 days 3/27/20
3320 Maple Ln 3 2 2,123 $515,000 $491,000 $231 29 days 3/27/20
4633 Horseshoe Cir 4 3 1,949 $385,000 $380,000 $194 80 days 3/27/20
2620 S University Dr Unit #307 3 2 1,314 $229,900 $215,000 $163 71 days 3/27/20
1742 Sw 103rd Ln 4 3 2,862 $591,500 $565,000 $197 181 days 3/27/20
9230 Lagoon Pl Unit #414 2 2 1,100 $132,000 $131,000 $119 140 days 3/27/20
9430 Tangerine Pl Unit #403 2 2 1,000 $142,700 $126,000 $126 286 days 3/27/20
Average: 3.1 2.6 1,967 $410,592 $392,669 $197 65 days
Viewing 1 - 10 of 540
Viewing 1 - 10 of 540