Studies show that about 66% of Floridians own their homes. With so many homeowners, investors must understand the real estate trends. Operating without knowing them can lead to massive losses or unsuccessful investments.
But what are the most important real estate trends in Davie, FL? Selling a home in Florida can vary massively depending on region, access to amenities, and many more factors. How does Davie, Florida, real estate measure up to the rest of the Sunshine State?
If you're interested in buying in Davie, FL, we're here to offer guidance. Read on for more information on how to handle the real estate trends in Davie, FL.
One crucial factor in the Davie, FL. real estate trends are the heavy fluctuation in prices.
Florida's real estate market in general, has seen massive fluctuations over the last few years. Inflation, the COVID pandemic, investment restrictions, and many more factors have had a drastic effect on prices.
As a result, it's difficult to look at a direct average of home prices in Davie.
The home values will vary massively depending on the size and location of your home. Some home value estimates have Davie's real estate average at around half a million dollars. As the fluctuation continues, you should keep a close eye on the value of your Florida real estate.
Another important factor is that Davie is a large town that's still growing.
Davie is sandwiched between multiple large cities. At only a fifteen or twenty-minute drive from Miami and bordering Ft. Lauderdale, there is a rich real estate market surrounding the small town.
Many people are moving to Davie for access to these towns without the higher prices. Miami in particular, is one of the most expensive locations in Florida. Why pay a premium for an apartment in Miami when the same funds could purchase a property fifteen minutes away in Davie?
As the population of Davie grows, prices are certain to increase. Be sure to capitalize on the lower prices now.
Access to Amenities
Finally, a growing trend is the importance of access to amenities. Davie is best known not for its own amenities but for those it borders.
For example, Davie is not beach-front. However, Hollywood and Ft. Lauderdale are both beach-front. Since Davie borders them, many people, therefore, go to Davie for beach access.
Davie's borders don't include as many amenities. One interesting addition is the Long Key Natural Area and Nature Center.
Families also will enjoy easy access to most shopping centers and educational facilities.
Tackling Real Estate Trends Across Florida
Keeping tabs on real estate trends in Florida can help you make the most of your Davie, Florida real estate. Whether you're buying in Davie, FL, or selling a home in Florida elsewhere, these trends can make or break your investment.
Interested in learning more about the real estate trends in Florida? Be sure to contact us at PMI Best Assets to see how we can help you tackle your investment goals.