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
5501 SW 45th St 2 1 900 $249,900 $277 0 days
8540 SW 16th Pl 2 2 788 $99,900 $126 0 days
1816 Sw 101st Ave 4 2 3,229 $729,000 $225 1 day
2991 Sw 53th Ave 2 1 N/A $17,000 Unknown 1 day
9430 Live Oak Pl Unit 207 1 1 650 $124,900 $192 1 day
2251 SW 87th Ave 2 2 730 $105,000 $143 1 day
14910 Sw 40th St 5 4 3,649 $959,900 $263 5 days
730 W Rock Hill Ave 3 3 1,801 $419,900 $233 4 days
2351 SW 81st Ave Unit 104 2 2 662 $169,900 $256 3 days
2095 Sw 81st Way Unit #2095 2 2 817 $210,000 $257 7 days
Average: 3.5 3.1 2,648 $663,781 $219 122 days
Viewing 1 - 10 of 453
Viewing 1 - 10 of 453
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
15385 SW 51st St 4 3 1,854 $365,900 $197 3 days
13501 SW 6th Ct 4 2 1,515 $209,000 $137 5 days
12730 SW 8th Ct 4 2 2,031 $469,000 $230 11 days
8951 Lake Park Cir N 3 2 N/A $410,000 Unknown 10 days
5860 Castlegate Ave 2 2 1,482 $350,000 $236 5 days
3055 Perriwinkle Cir 3 2 2,164 $459,900 $212 0 days
9491 Evergreen Pl Unit 405 1 1 645 $108,000 $167 6 days
801 Blue Ridge Way 3 2 1,560 $445,000 $285 12 days
3952 SW 139th Ave 5 4 3,934 $845,000 $214 5 days
8143 SW 24th St Unit 8143 2 2 842 $209,000 $248 17 days
Average: 3.2 2.8 2,247 $543,774 $215 83 days
Viewing 1 - 10 of 31
Viewing 1 - 10 of 31
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
9070 S Southern Orchard Rd S 4 3 2,349 $559,000 $559,000 $237 8 days 1/21/20
3723 Sw 59th Ave Unit #118 2 2 1,160 $195,900 $172,000 $148 24 days 1/21/20
9141 N Lake Park Cir. N 3 2 1,338 $385,000 $380,000 $284 45 days 1/21/20
1421 Sw 110th Way 3 3 2,457 $325,000 $320,000 $130 96 days 1/21/20
2702 Sw 81st Ter 4 3 1,874 $455,000 $435,000 $232 113 days 1/17/20
1621 Sw 127th Ave 3 2 991 $305,000 $295,000 $297 50 days 1/17/20
11720 Sw 10th Street 4 2 N/A $30,000 $25,000 Unknown 51 days 1/16/20
6235 Hawkes Bluff Ave 3 2 1,740 $449,900 $445,000 $255 173 days 1/16/20
3536 Del Mar Ave 5 5 5,796 $1,585,000 $1,425,000 $245 134 days 1/15/20
3001 W Rolling Hills Cir Unit #202 2 2 1,070 $199,999 $184,500 $172 90 days 1/13/20
Average: 3.2 2.7 2,019 $411,155 $393,011 $191 64 days
Viewing 1 - 10 of 587
Viewing 1 - 10 of 587