Pembroke Pines Real Estate - Rapid Growth

Pembroke Pines Real Estate - Rapid Growth

by Hector Lesende

Located in the Southern Broward County 15 miles from downtown Miami and Fort Lauderdale is the city of Pembroke Pines. Geographically, the city is located at 26°0′46″N, 80°18′49″W and is bound by Hollywood to the north and east, Miramar to the south and Everglades to the west. The city has an area of about 35 miles square and is considered to be among the largest cities in Broward County. In terms of land area, it is the largest city.

The place first came into notice in 1960 when it was incorporated. It is situated along the Pembroke Road which is lined with numerous pine trees and takes its name from there. After Hurricane Andrew took place in 1992, Pembroke Pines expanded rapidly as thousands of residents of the Miami-Dade County area shifted here.

The population of the city of Pembroke Pines was more than 150,000 around a decade ago and now the area is growing faster than ever. The Broward County Public schools district serves the area of Pembroke Pines. There are a number of public elementary and middle schools operating in the area with two famous high schools, Charles W. Flanagan High School and Everglades High School forming a part of the education system. The Florida International University has a campus in Pembroke Pines and so has the Broward Community College. The first language of the area is English followed by Spanish, French, Portuguese, Italian and Yiddish. Pembroke Pines has a good transportation system with car, auto and boat transport being the most popular modes for the locals. The US interstate highway is close by and this also promotes the transportation network.

Economically, the city has a bright future to look forward to. Its geographic location ensures that any new business will flourish here. Even the existing businesses can increase their sales promptly. The Fort Lauderdale/Hollywood International Airport is close by, making the area more viable for business deals. There is a huge market for none-durable goods in Pembroke Pines and among durable goods the market is good for machinery, equipment and other supplies. In the retail trade area, automotive industry plays a major revenue generator. Pembroke Pines enjoys an excellent year round warm weather with temperatures in the mid eighties.

Pembroke Pines Real Estate is coming back. A flourishing economy in the area has helped the real estate market to grow. Property types in Pembroke Pines include single family homes, townhouses, condos, commercial real estate and land. Average price of real estate is $387,000 and as high as $800,000 in some area. Some outstanding communities Pembroke Pines include Durango Estates, Grand Palms, Breakers Estates, Chapel Trail, Victoria Lakes and Panache. The market for real estate is extremely stable here and allows people to experiment with other options. The growth of commercial real estate in the area is an indicator of the fact that businesses will rapidly grow in this city. The number of foreclosures has double in recent months and there are plenty of investment opportunities in the area for real estate investors and also for owner-occupants. Pembroke Pines Real Estate will remain strong in 2008.