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Real Estate Trends in Broward County, Florida

Real Estate Trends in Broward County, Florida

Home prices are going up in most areas of Broward county.

Prices of properties for sale increased in the first quarter of 2017 in Broward county. Excellent schools in cities like Weston, Southwest Ranches, Davie, and Cooper City, and prices around $200,000 in Tamarac and Sunrise attract buyers to these neighborhoods.

On the other hand, properties for sale in the luxury market have the tendency to decline almost everywhere. Fort Lauderdale, Hollywood and the western suburbs like Parkland, Coral Springs, Southwest Ranches, overcome the same trends.

According to the U.S. Census, the 2 most-populous zip codes in Broward, which includes Davie, Pembroke Pines, and Miramar, saw a decline in sold units in the first quarter compared to a year ago. The median prices are indeed still going up.

Selling a home in Florida, especially in Broward county, requires skills and knowledge. Sales dropped because there are more buyers than suitable listings. Therefore, each and every seller should be careful before choosing an agent to make sure they will get excellent real estate services.

Prices will stay elevated because of the strong demand, especially in very well maintained neighborhood, due to a lack of inventory in these areas.

Most of the new constructions in South Florida targets a wealthy clientele because builders deal with rising land costs and labor shortages.

In Broward county, 41 of 53 zip codes showed a price rise in the first quarter.

Get in touch with Realty Services Florida today for buying or selling your property in Florida.

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