Plantation 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 Plantation market report or even customize your own report based on neighborhoods. 

As an overview of the market from my perspective, it has definitely a Seller's Market here in South Florida. It's possible that may change due to COVID, but Plantation may not be hit as hard, as it lies on the outskirts of Fort Lauderdale. As people may want to live in more suburban neighborhoods, I suspect Plantation will become even more desirable than it already is.

That said, it's possible the city may be changing it's name. A Plantation resident started a petition on June 12th on change.org to change the city's name, saying it's a symbol of it's racist confederate past. In just 2 days, almost all of the necessary signatures have been obtained. So we may be seeing a name change in the near future. The name Jacaranda has been suggested, so we'll see what voters wind up deciding.

Going back to statistics, the Greater Fort Lauderdale Board of Realtors came out with statistics for the 1st Quarter of 2020 showing that single family homes in Plantation only had a 3.3 month supply of inventory.  Keep in mind that 6 months is considered average. In the townhouse / condo category, there was only a 2.9 month 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%. Inventory for townhouses & condos is at 6 months. So Plantation inventory is currently even lower than Broward County, which is not surprising to me. As long as inventory remains like this, prices will not be coming down. 

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 Plantation page or click here to go to my home page where you can search anywhere in Broward County.

In the first quarter of 2020, 145 single family homes closed in Plantation with a median sales price of $425k. The average list to sales price was 94.8% and the median time from list to contract was 65 days.

Looking at townhouses and condos, there were 84 closed sales in the first quarter of 2020. Interestingly, 27.4% 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. Most condos today require 20-30% down.

Continuing on with townhouses and condos, the median sales price in Plantation for the first quarter was $188k, representing a huge 21.3% increase over last year.  The average list to sales price was 95% and the median time from list to contract was 65 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
10661 Nw 14th St Unit #241 2 2 985 $299,000 $303 1 day
1951 Sw 75th Ave 4 2 2,710 $779,000 $287 6 days
6331 Sw 1 Court 4 2 2,536 $799,000 $315 2 days
11420 Nw 27th Ct 3 2 2,081 $590,000 $283 1 day
2220 Nw 121st Ave 4 3 2,020 $860,000 $425 1 day
7101 SW 9th St 4 2 2,575 $926,000 $359 4 days
13429 NW 5th Ct 3 2 1,452 $550,000 $378 2 days
1140 NW 85th Ave Unit A16 2 2 1,065 $255,000 $239 2 days
5275 NW 10th Ct Unit 407 1 2 957 $110,000 $114 2 days
724 Holly Ln 4 2 2,850 $749,900 $263 3 days
Average: 3.5 2.7 2,309 $817,472 $326 65 days
Viewing 1 - 10 of 233
Viewing 1 - 10 of 233
Properties Under Contract
Address Beds Baths Living ft2 List Price Cost per ft2 DOM
360 Nw 97th Ave Unit #360 3 2 1,808 $550,000 $304 15 days
No address 2 4 1,135 $350,000 $308 14 days
209 Wimbledon Lake Dr Unit #209 3 3 1,500 $377,777 $251 11 days
103 Nw 72nd Ave 4 3 2,224 $549,900 $247 13 days
6921 Cypress Rd Unit #A19 2 2 1,350 $199,990 $148 23 days
6124 Rose Ter 5 3 2,503 $699,000 $279 26 days
98 Wimbledon Lake Dr Unit #119 3 3 1,500 $350,000 $233 11 days
10101 W Sunrise Blvd Unit #301 2 2 963 $250,000 $259 5 days
767 Nw 92nd Ave Unit #767 1 1 805 $205,000 $254 2 days
196 Wimbledon Lake Dr Unit #12-74 2 2 964 $295,000 $306 12 days
Average: 3.0 2.5 1,788 $452,874 $249 32 days
Viewing 1 - 10 of 36
Viewing 1 - 10 of 36
Sold Properties
Address Beds Baths Living ft2 List Price Sold Price Cost per ft2 DOM Sold Date
561 E Acre Dr 3 2 1,544 $480,000 $480,000 $310 42 days 12/6/22
1140 Nw 79th Dr 3 3 1,865 $410,000 $410,000 $219 25 days 12/6/22
1042 Nw 99th Ave 4 2 2,537 $720,000 $695,000 $273 65 days 12/6/22
510 Nw 84th Ave Unit #505 1 1 789 $260,000 $255,000 $323 2 days 12/5/22
404 Nw 70th Ave Unit #218 2 2 1,092 $230,000 $245,000 $224 7 days 12/5/22
9713 N New River Canal Rd Unit #300 3 3 2,170 $429,000 $410,000 $188 50 days 12/5/22
6903 Cypress Rd Unit #B25 1 2 900 $130,000 $115,000 $127 8 days 12/2/22
801 Nw 79th Ter Unit #801 2 2 1,468 $380,000 $390,000 $265 23 days 12/2/22
6121 Sw 15th St 4 3 2,330 $1,050,000 $1,000,000 $429 63 days 12/1/22
7124 E Tropical Way 2 2 1,577 $499,998 $505,000 $320 5 days 11/30/22
Average: 3.1 2.5 1,859 $577,563 $564,899 $280 32 days
Viewing 1 - 10 of 511
Viewing 1 - 10 of 511