In 2020, Pembroke Pines, FL, has one of the hottest real estate markets. Located in Broward County, where luxury home sales have increased 82% in the 3rd quarter of 2020, according to a recent Miami Association of Realtors market update.
In South Florida, Pembroke Pines has long been a popular residential area. With a prime location that is close to all the conveniences and activities southeast Florida has to offer, while simultaneously remaining a family oriented town, Pembroke Pines is a great place to call home.
According to the update, in addition to luxury home sales, the entire Pembroke Pines residential real estate market jumped, as well as Broward County as a whole. With single-family home sales volume increasing about 33% in the County.
According to the same report, the State of Florida, as whole, saw prices for existing homes increase over 13% in the 3rd quarter.
Florida continued to see an influx of residents relocating from northern metropolitan areas, like New York, Philadelphia and Chicago. This influx has been boosting the Florida real estate market. However, that does not fully explain why in 2020, Pembroke Pines, FL, has one of the hottest real estate markets in South Florida.
The reason, likely has to do with Pembroke Pines unique mix of being a desirable family oriented residential town, that is also in a great location, just outside Fort Lauderdale, with easy access to the beach, shopping, work, sports and transportation, and with home prices that are relatively affordable. The typical home value is about $325,000.
Martha is a resident of Pembroke Pines, Florida and has lived in South Florida for over 20 years. She is one of the top Realtors in the area focused on serving those seeking to buy, sell, rent or invest in residential real estate.