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
10992 Pine Lodge Trl 5 4 N/A $1,390,000 Unknown 1 day
7713 Davie Road Extension N/A N/A N/A $2,590 Unknown 1 day
4060 E Lake Estates Dr 4 4 2,968 $749,000 $252 1 day
15071 Sw 34th Street 4 4 3,500 $899,900 $257 10 days
5973 SW 54th Ct 5 3 4,110 $899,900 $218 1 day
12683 N Winners Cir 4 4 3,817 $1,065,000 $279 1 day
6574 S Anise Ct 3 3 1,726 $420,000 $243 15 days
9431 Live Oak Pl Unit #102 3 3 1,250 $215,900 $172 7 days
11800 Piccadilly Pl 5 5 3,493 $975,000 $279 1 day
9510 Seagrape Dr Unit #401 3 2 1,155 $249,900 $216 1 day
Average: 3.5 3.2 2,695 $638,671 $221 110 days
Viewing 1 - 10 of 478
Viewing 1 - 10 of 478
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
4223 SW 70th Ter 2 2 1,328 $238,900 $179 7 days
9481 Evergreen Place Unit 301 2 2 N/A $159,900 Unknown 6 days
8012 SW 21st Ct Unit 8012 1 2 983 $149,000 $151 2 days
9410 Tangerine Pl Unit 102 2 1 1,000 $124,900 $124 21 days
8069 SW 18 Ct 2 3 1,500 $235,000 $156 3 days
1931 Sabal Palm Dr Unit 403 3 2 1,170 $225,000 $192 1 day
1741 E Oak Knoll Cir 3 2 1,806 $525,000 $290 6 days
12525 SW 15th Mnr 5 5 4,995 $1,425,000 $285 25 days
3796 Saratoga Ln 5 3 3,372 $975,000 $289 28 days
10920 SW 10th Pl 4 2 1,472 $329,000 $223 5 days
Average: 3.3 2.6 2,197 $470,418 $204 49 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
1670 Sw 106th Ter 3 2 1,876 $395,000 $395,000 $210 2 days 2/28/20
2780 Sw 81st Way 3 2 2,022 $457,000 $450,000 $222 98 days 2/27/20
924 Sw 131 Ave 3 2 N/A $54,900 $54,900 Unknown 18 days 2/25/20
14020 Langley Pl 3 3 1,541 $340,000 $335,000 $217 94 days 2/24/20
3791 Nw 78th Ave Unit #27 2 2 1,040 $165,000 $157,000 $150 6 days 2/20/20
3001 W Rolling Hills Cir Unit #101 2 2 1,140 $192,500 $189,500 $166 19 days 2/20/20
3741 E Lake Estates Dr 4 3 2,613 $619,000 $612,000 $234 167 days 2/20/20
8031 Sw 21st Ct Unit #8031 2 1 947 $214,900 $205,000 $216 130 days 2/20/20
13162 Sw 19th St 5 3 3,695 $875,000 $865,000 $234 181 days 2/20/20
5600 Sw 55th Ave 3 1 1,734 $289,900 $300,000 $173 7 days 2/19/20
Average: 3.1 2.6 1,988 $404,866 $389,836 $195 67 days
Viewing 1 - 10 of 547
Viewing 1 - 10 of 547