Pembroke Pines Real Estate - The Demand is Still There

By James Coglin

Every area of the country has been hit hard by the economic recession and the Pembroke Pines real estate market is no exception. With respect to the size of other cities around the country, Pembroke Pines is relatively small with 146,000 locals. The year 1960 was when the city was founded and is therefore considered to be a young city with respect to the others in the Southern Florida area. The real estate prices in the city are above average even in the wake of the recession. If you are a resident of Pembroke Pines then you will see an expansion in population as well as real estate.

With respect to the national average, the Pembroke Pines real estate area is actually quite a bit higher. It is slightly hard to obtain a national real estate average as the economy is affected differently in every part of the country. It is possible to obtain this average using an approximation which ranges between $175,000 and $225,000. What's amazing is that the Pembroke Pines real estate goes for $385,000! This is roughly double the national average. The real estate in the city is rather diverse and consists of all types of real estate from condos to commercial real estate.

Consumers that are looking for Pembroke Pines real estate should target Durange Estates, Grand Palms, Breakers Estates, Chapel Trail, Victoria Lakes, and Panche. The Pembroke Pines real estate market is doing decent and consumers that are planning on moving to the area will be impressed by the city.

The Pembroke Pines real estate market is in decent shape which should help calm consumers fears. However, due to the current recession the number of foreclosures has doubled. Even with this fact consumers can rest easy knowing that the commercial real estate sector is still strong. In fact, the real estate in the commercial sector has been growing rather than declining. In turn, the city's economy has grown as well. And with this local growth in the economy, the Pembroke Pines real estate market, as a whole, has started growing again.

If you are a real estate investor or a consumer looking for property you will find it profitable to invest in the area as the recent foreclosures have caused some properties to reduce in price. This strong trend is expected to continue and real estate investors should look hard at the opportunities that have presented themselves. If you are an investor seeking an opportunity then you may want to check out the Pembroke Pines real estate market.

With its prime location, the city is poised for continuous growth. It is in great demand as it is only 15 miles from both Miami and Fort Lauderdale. Many people want to live in the Miami area, but they do not want to live in downtown. This in turn makes Pembroke Pines to be highly desirable since it is smaller but still a short drive to the night life. Finally, the Pembroke Pines real estate market has the most room to grow as it's the largest city in the area in terms of land. If you are a consumer that is looking for real estate or you are an investor looking to invest in real estate then you will want to consider investing in the Pembroke Pines real estate market. - 23221

About the Author:

James Coglin is a realtor in the Southern Florida area and has 25 years experience. Come visit his website Pembroke Pines Real Estate that is regularly updated and discover more real estate information about Pembroke Pines homes before making any decisions.