Those of you who like facts and figures will like this series of Davie Florida real estate market condition reports. When read month-after-month, you’ll get a good picture of market trends.
In the month of June 2011 there were 64 sales of single family homes in Davie FL, with an average of 100 days on the market and a median of 56 days on the market (DOM). The average sale price was $377,103 while the median sale price was $266,950. The average ratio of sale price to list price was 95.16% (the seller received an average of this percentage of their list/asking price). The most popular price range was $200,000-$249,999 which had 14 sales and the second most popular price range was $149,999 and under, which had 12 sales. All other price ranges had 6 sales or less each.
Also during the month of June 2011, there were 48 sales of condos, villas and townhouses in Davie Florida, with an average of 84 days on the market and a median of 40 DOM. The average sale price was $82,609 while the median sale price was $81,500. The average ratio of sale price to list price was 95.7%. The most popular price range, by far, was $50,000-$99,999 which had 26 sales and the second most popular price range was $100,000-$149,999 which had 10 sales.
The median sale price is where half sold for less and half sold for more. Days on market is the number of days that passed before an offer was accepted. Once an offer is accepted, it can typically take from two weeks to several months to close, depending on whether it was a cash deal or a short sale that requires more time due to the need for a third party approval.