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Davie, FL Real Estate News

By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Davie Real Estate Market Update for June 2024Overview of the Davie Real Estate MarketThe real estate market in Davie, Florida, continues to show strong activity and resilience. June 2024 has seen significant movements in both pending sales and active listings, indicating a robust market with active buyer interest. Below, we delve into the key statistics and trends shaping the real estate landscape in Davie for June 2024.Sold to Current Listings Percentage: The ratio of sold to current listings stands at 65%, indicating a high turnover rate and a favorable market for sellers.Total Number of Active Buyers: There are approximately 600 active buyers in the market, illustrating a healthy demand for properties in Davie.Current Listings in June 2024There are currently 480 active listings in Da...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Davie Florida Deep Dive Market Update July 2024 Part 2 Past 12 Months: Median home size of properties sold. Previous 12 Months: Comparison of median home size with the previous 12 months. Median Sold Price Overall Median Sold Price: Median sold price over the past 12 months. Comparison with Listed Price: Median listed price versus median sold price over the past 12 months. Median Sold Price with Specific Features With Pool vs. No Pool: Median sold price of homes with a pool versus homes without a pool. With Garage vs. No Garage: Median sold price of homes with a garage versus homes without a garage. Median Sold Price by Community Community vs. Community: Comparison of median sold prices across different communities.Median Sold Price with Golf Course View Golf Course View vs. No Golf Cou...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
I just added four "for sale" sign images from your own photo files to prove that it can be done.Davie Market UpdateTotal Listings Sold by the Same Agent Days on the Market: Calculate the average number of days properties sold by the same agent stayed on the market.Number of Units Listed and Sold Total Units Listed: Number of units listed in the past 12 months. Total Units Sold: Number of units sold in the past 12 months. Top 20 Selling Communities Top 20 Communities: List of the top 20 selling communities in Davie over the past 12 months. Comparison with Previous 12 Months: Changes in the top 20 communities compared to the previous 12 months. Median Home Size Past 12 Months: Median home size of properties sold. Previous 12 Months: Comparison of median home size with the previous 12 mon...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
How Long Will It Take To Sell My House?You want your house to sell fast. And you may be wondering how long the whole process is going to take. One way to get your answer? Work with a local real estate agent.They have the expertise to tell you how quickly homes are selling in your area and what’s impacting timelines for other sellers. That way you have realistic expectations and can work together to come up with a plan that’s based on today’s market.Here’s a high-level overview of just one of the factors a great agent will walk you through – the supply of homes for sale and how that impacts your process.The Growing Supply of Homes for SaleOver the past few months, the number of homes for sale has increased. This is good news when you move because it means you’ll have more options as you ...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
How to Avoid the Top 8 Home Inspection Mistakes It’s easy to get swept up in the excitement of buying a home. Once you’ve had an offer accepted on your dream house, you’ll probably be anxious to move in. However, before you make a significant financial commitment, it’s best to know exactly what you’re buying.When you hire a home inspector, you get a professional, in-depth examination of the property’s structures and systems. It’s a worthwhile investment that can save you money in the long run, either by warning you away from a bad purchase or by providing a list of deficiencies you can use to negotiate with the sellers. The inspector’s report will also list minor repairs that, if made, will help to maintain your home over the long term. Additionally, a good inspector can often predict t...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
5 Steps to Finding Your Next Home Whether you’re a first-time buyer or a seasoned homeowner, shopping for a new home can feel daunting. In fact, 56% of buyers said that “finding the right property” was the most difficult step in the home buying process.[1] Buying a home is a significant commitment of both time and money. And a home purchase has the power to improve both your current quality of life and your future financial security, so the stakes are high. Follow these five steps—and complete the corresponding worksheet offered below—to assess your priorities, streamline your search, and choose your next home with confidence. STEP 1: Set Your Goals and PrioritiesThe first step to finding your ideal home is determining WHY you want to move. Do you need more space? Access to better schoo...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
January 2024 Market trends report For Davie Florida's Single-Family Inventory is just above Two months of inventory with properties selling at 96.5% of list price and the median days on market are Thirty Seven and the median sold price is $819,500.Davie Florida Home Prices continue to increase month after month and with last month increasing another 0.1% giving the median home estimated value at $786,560 and a year over year total of 7.8% and by the numbers its increasing and as summer comes and home listings will increase and keep the positive outlook coming in the months ahead.With a 44.7% increase in active listings from last month and a total of 68 new Davie listings. The Davie median home sales in January are selling at $ 392.00 per square feet and down from last month by 5.1%. The...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Crescent Ridge Davie Florida: $1,182,000 - $1,442,000 3036 - 4080 SQ FT PROPERTY DETAILS Crescent Ridge is Lennar's newest, vehicle access-controlled community of estate-style homes for sale in Davie, FL. Homeowners can choose from four spacious, two-story floorplans including our innovative Next Gen home plan, perfect for multigenerational living. Strategically located between Flamingo Road and Orange Drive, residents will be just minutes from equestrian activities, great restaurants, schools and entertainment. Providing families with an outdoor and active lifestyle, nearby parks in the area include Tree Tops Park and Vista View Park. Less than 20 miles away is Fort Lauderdale, its historic downtown and the popular Las Olas Boulevard. BUILDING AMENITIES This new two-story home exudes e...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Carlton Ranches is one of Davie’s most intimate communities. Located just south of Saddlebrook, this community offers an unmanned card gate.There are 46 homes in the community. Although there are only four different models, each home is uniquely different in appeal due to lot size and homeowner upgrades. As with other Davie communities it is surrounded by equestrian and nature trails.Inventory of homes for sale in Carlton Ranches is normally pretty low as there is a small turnover rate, which in turn tells you something about a good community.For Your Homes Current Value Go To: www.MikeSellsdavie.comTo Search Davie Homes For Sale: DavieHomesForSaleImagination Farms Subdivision Community Information And Homes For Sale And Rental Property For Renthttps://www.floridaluxuryrealestateforsale...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Davie Florida Real Estate Single Family Market Report for January 2024. With 24 Closed Real estate closings and 46 new listings. The active inventory is 6.96 months in January and the average days on market are 30 days. Find Out What Your Neighbors Homes Are Selling For --> DavieHomeValues Davie Condos, Villa's and Townhomes for sale --> SearchCondosNow Davie Single Family homes for sale --> SearchSingleFamily Davie Vacant Land For sale -->  VacantLandForSale Call or Text us at 754-204-0069
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Davie Florida Real Estate Condos, Villa's and Townhome Market Report for January 2024. With 11 Closed Real estate closings and 31 new listings. The active inventory is 8.91 months in January and the average days on market are 19 days.Find Out What Your Neighbors Homes Are Selling For --> DavieHomeValuesDavie Condos, Villa's and Townhomes for sale --> SearchCondosNowDavie Single Family homes for sale --> SearchSingleFamilyDavie Vacant Land For sale -->  VacantLandForSale Call or Text us at 954-779-6106
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
How To Know If You’re Ready to Buy a HomeIf you’re trying to decide if you’re ready to buy a home, there’s probably a lot on your mind. You’re thinking about your finances, today’s mortgage rates and home prices, the limited supply of homes for sale, and more. And, you’re juggling how all of those things will impact the choice you’ll make.While housing market conditions are definitely a factor in your decision, your own life and your finances may be even more important. As an article from NerdWallet says: “Housing market trends give important context. But whether this is a good time to buy a house also depends on your financial situation, life goals and readiness to become a homeowner.” Instead of trying to time the market, it may help to focus on what you can control. Here are a few qu...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
How Inflation Affects Mortgage RatesWhen you read about the housing market in the news, you might see something about a recent decision made by the Federal Reserve (the Fed). But how does this decision affect you and your plans to buy a home? Here's what you need to know.The Fed is trying hard to reduce inflation. And even though there’s been 12 straight months where inflation has cooled (see graph below), the most recent data shows it’s still higher than the Fed’s target of 2%: While you may have been hoping the Fed would stop their hikes since they’re making progress on their goal of bringing down inflation, they don’t want to stop too soon, and risk inflation climbing back up as a result. Because of this, the Fed decided to increase the Federal Funds Rate again last week. As Jerome P...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Imagination Farms is a neighborhood in Davie, Florida. Imagination Farms mostly features large homes that are competitively priced. This is a well-established community that dates back to 1999, and construction was completed around 2002. This neighborhood is perfect for those seeking single-family homes. The community's homes were mostly developed around 1999, but newer construction homes were built as recently as 2002. In general, homes in Imagination Farms are about $575,000 – $1,250,000 and sit on 0.75-acre lots with five bedrooms and four bathrooms. The most common type of parking is garage.For Your Homes Current Value Go To: www.MikeSellsdavie.comTo Search Davie Homes For Sale: DavieHomesForSaleImagination Farms Subdivision Community Information And Homes For Sale And Rental Proper...
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By Teri Arbogast, Davie, Weston, Plantation Real Estate- Top Realtor, Davie Florida Realtor, Weston, Plantation, Miramar
(TOP 1% of Realtors)
3 Bed/2 Bath Single Family Home on a Lake is For Sale for $675,000!A 3 bed/2 bath single family home on a lake is for sale for $675,000! It's the best friendly little neighborhood in Davie ~ New Providence East. This expanded Milford model has 3 bedrooms, a family room, living room, and a formal dining room (which can be used as an office). The soaring ceilings and natural lighting abound come from the many windows and sliding doors throughout.  The fabulous kitchen has hardwood cabinetry, granite. and a handy kitchen island. Both of the bathrooms have been remodeled with modern features.  There are pretty vinyl wood floors throughout the home and a convenient interior laundry room. This home has an open and airy floor plan with beautiful views of the sparkling lake and HUGE backyard.  ...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Sellers: Don’t Let These Two Things Hold You BackMany homeowners thinking about selling have two key things holding them back. That’s feeling locked in by today’s higher mortgage rates and worrying they won’t be able to find something to buy while supply is so low. Let’s dive into each challenge and give you some helpful advice on how to overcome these obstacles.Challenge #1: The Reluctance to Take on a Higher Mortgage RateAccording to the Federal Housing Finance Agency (FHFA), the average interest rate for current homeowners with mortgages is less than 4% (see graph below):But today, the typical 30-year fixed mortgage rate offered to buyers is closer to 7%. As a result, many homeowners are opting to stay put instead of moving to another home with a higher borrowing cost. This is a situ...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Housing Market Forecast for the Rest of 2023Some Highlights Want to know what experts say will happen in the rest of 2023? Home prices are already appreciating again in many areas. The average of the expert forecasts shows positive price growth. Where mortgage rates go for the rest of the year will depend on inflation. Based on historical trends, rates are likely to ease as inflation continues to cool. Even though low inventory continues to be a challenge, experts project 5 million homes will still sell this year. That pace should pick up if rates come down.
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Pricing Your House Right Still Matters TodayWhile this isn’t the frenzied market we saw during the ‘unicorn’ years, homes that are priced right are still selling quickly and seeing multiple offers right now. That’s because the number of homes for sale is still so low. Data from the National Association of Realtors (NAR) shows 76% of homes sold within a month and the average saw 3.5 offers in June.To set yourself up to see advantages like these, you need to rely on an agent. Only an agent has the expertise needed to find the right asking price for your house. Here’s what’s at stake if that price isn’t accurate for today’s market value.The price you set for your house sends a message to potential buyers.Price it too low and you might raise questions about your home’s condition or lead buy...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Homebuyers Are Still More Active Than UsualEven though the housing market is no longer experiencing the frenzy that was so characteristic of the last couple of years, it doesn’t mean today’s market is at a standstill. In actuality, buyer traffic is still strong today.The ShowingTime Showing Index is a measure of how much buyers are touring homes. The graph below uses that index to illustrate buyer activity trends over time to help put today into the proper perspective.It shows there’s seasonality in real estate. If you look at the last normal years in the market (shown in gray), there was a consistent pattern as buyer activity peaked in the first half of each year (during the peak homebuying season in the spring) and slowed as each year came to a close.When the pandemic hit in March of ...
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By Michael Peron, Michael Peron, Dave Florida Real Estate
(South Florida Home Solutions)
Tips for Making Your Best Offer on a Home While the wild ride that was the ‘unicorn’ years of housing is behind us, today’s market is still competitive in many areas because the supply of homes for sale is still low. If you’re looking to buy a home this season, know that the peak frenzy of bidding wars is in the rearview mirror, but you may still come up against some multiple-offer scenarios.Here are a few things to consider to help you put your best foot forward when making an offer on a home.1. Lean on a Real Estate ProfessionalRely on an agent who can support your goals and help you understand what’s happening in today’s housing market. Agents are experts in the local market and on the national trends too. They’ll use both of those areas of expertise to make sure you have all the inf...
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