Some Facts About South Florida Real Estate
To analyze the South Florida real estate context, according to the latest census, there are 5,500,000 people living in South Florida. The population density is of 1,570 people per square mile. The two most populous counties in this area are Miami-Dade, Palm Beach and Broward. The largest city of this group is Miami, and the smallest one is Palm Beach. Located in the southeastern part of the Florida state, South Florida is also known as the “Miami-Fort Lauderdale-Pompano Beach metropolitan area”, “Miami Metro Area” or “Tri-County Area”.
Situated in the southeastern part of the United States, South Florida has the popular name of Miami- Fort Lauderdale-Pompano Beach metropolitan area and is also referred to as the Miami Metro area and even the Tri-County area. The last of the names is most justified as South Florida includes the three counties of Miami-Dade, Palm Beach and Broward. When considering the different counties of Florida, these three can be held as the most populous. Among the three counties, Palm Beach was the smallest to be added. Miami happens to be the largest city in this region. A recent census estimates the population of South Florida to be nearly 5,500,000 and the density is about 1,570 people per square mile.
The first factor to have in mind with South Florida real estate is that this area has a tropical wet and dry kind of climate with certain areas also being affected by humid subtropical climate. The wet season and the season for hurricanes arrive in the area during the same time. As South Florida is situated between two water bodies, chances of hurricanes affecting the otherwise stable climate get increased. The two most famous hurricanes to have blown over the area are Hurricane Andrew and Katrina.
If you want to move to this region acquiring South Florida real estate is that education is offered in South Florida is one of the most well-known in the state. It is served by the Miami- Dade County Public Schools district which has its own elected school board. The day- to-day functions of the school network are taken care of by the Superintendent of Schools. The other two school networks operating in the area comprise the School District of Palm Beach County and Broward County Public Schools District. Tertiary education is provided by several good colleges and universities including University of Miami, Florida National University and Broward Community College.
Another factor to have in mind with South Florida real estate is that the zone is served by three major airports namely, Palm Beach International Airport, Miami International Airport and Fort Lauderdale-Hollywood International Airport. Local transport includes Metrorail that stretches across 22 stations. Apart from this there are five interstate highways that help the area to maintain good connectivity with other places. This region has a flourishing economy with several public companies operating successfully. These companies are the major employers in the region. Approximately there are 100 profit-making public companies running in the region with 200 private companies also making their mark. South Florida has one of the greatest numbers of Fortune 500 companies in the whole of United States.
South Florida real estate is among the most thriving in the state of Florida. It is not only because of the high growth of employment opportunities but also because the place is famous for welcoming external businesses to flourish. A great variety of real estate is available here including residential homes, condominiums and even land. There are over 115,000 properties currently available in South Florida. The number of foreclosures is staggering and presents an opportunity for both owner-occupants and investors. In a recent study Broward county was ranked second in the United States in the foreclosure rate. Miami-Dade County was ranked fourth in foreclosure rate and Palm Beach County was ranked thirteenth. Now is the time to invest in South Florida real estate.
Are you looking for that just right, place to call home here in South Florida? Perhaps you’re downsizing or moving up in size to accommodate a growing family. Perhaps you’re relocating to Coral Springs or elsewhere in South Florida. As your South Florida and Coral Springs REALTOR®, we would be thrilled to help you find your new home or sell your home. Whatever your South Florida Real Estate need, call us to get started.