Linda's Corner

Property values up 11% in Broward County, and more in some markets. Broward County property values continue growing by double digits as the summer budget season approaches. 

There’s been some concern lately that the housing market is headed for a crash. And given some of the affordability challenges in the housing market, along with a lot of recession talk in the media, it’s easy enough to understand why that worry has come up.

Some Highlights

While home prices vary by local area, they’ve already hit their low point nationally, and now they’re starting to rise again.

Last July, prices started to decline, but around February, they began climbing back up.

If you put your plans to move on hold waiting to see what would happen with home prices, reach out to Linda martigentti @954-464-5434 to discuss if now’s the right time to jump back in.

If you’re a homeowner thinking about making a move, you may wonder if it’s still a good time to sell your house. Here’s the good news. Even with higher mortgage rates, buyer traffic is actually picking up speed.

The housing market’s been going through a lot of change lately, and there’s been uncertainty surrounding what will happen this spring. You may be wondering if more homes will go on the market, what’s next with home prices and mortgage rates, or what the best advice is for someone in your position right now.

Stacker compiled a list of places with the fastest growing home prices in Broward County, FL using data from Zillow . Places are ranked by the dollar change Zillow Home Values Index for all homes from October 2021 to October 2022. The ZVHI represents a seasonally adjusted price for the middle market for all homes. Data was available for 36 cities and towns in Broward County, FL. Charts for each place show the monthly typical home value since January 2018.

#30. Franklin Park, FL

- 1-year price change: +21.2% (+$59,997)

- 5-year price change: +108.5%

- Typical home value: $343,233

#29. Roosevelt Gardens, FL

- 1-year price change: +20.6% (+$60,755)

- 5-year price change: +110.7%

- Typical home value: $356,279

#28. Coconut Creek, FL

- 1-year price change: +24.5% (+$61,664)

- 5-year price change: +71.3%

- Typical home value: $313,739

#27. Margate, FL

- 1-year price change: +22.8% (+$62,124)

- 5-year price change: +80.9%

- Typical home value: $334,168

#26. Washington Park, FL

- 1-year price change: +20.3% (+$63,019)

- 5-year price change: +100.5%

- Typical home value: $373,643

#25. North Lauderdale, FL

- 1-year price change: +22.9% (+$64,166)

- 5-year price change: +90.0%

- Typical home value: $343,916

#24. Hallandale, FL

- 1-year price change: +25.5% (+$65,678)

- 5-year price change: +52.8%

- Typical home value: $323,604

#23. Sunrise, FL

- 1-year price change: +23.0% (+$67,029)

- 5-year price change: +76.5%

- Typical home value: $358,888

#22. Broadview Park, FL

- 1-year price change: +20.0% (+$68,441)

- 5-year price change: +88.8%

- Typical home value: $411,039

#21. Pompano Beach, FL

- 1-year price change: +23.6% (+$68,870)

- 5-year price change: +76.3%

- Typical home value: $361,020

#20. Dania Beach, FL

- 1-year price change: +23.4% (+$70,539)

- 5-year price change: +77.2%

- Typical home value: $371,598

#19. Oakland Park, FL

- 1-year price change: +23.1% (+$71,858)

- 5-year price change: +84.9%

- Typical home value: $383,496

#18. West Park, FL

- 1-year price change: +21.6% (+$72,489)

- 5-year price change: +104.6%

- Typical home value: $408,228

#17. Hollywood, FL

- 1-year price change: +23.0% (+$84,361)

- 5-year price change: +74.7%

- Typical home value: $451,241

#16. Pembroke Pines, FL

- 1-year price change: +22.2% (+$86,613)

- 5-year price change: +68.1%

- Typical home value: $476,505

#15. Miramar, FL

- 1-year price change: +22.4% (+$90,530)

- 5-year price change: +70.2%

- Typical home value: $495,507

#14. Plantation, FL

- 1-year price change: +22.3% (+$92,657)

- 5-year price change: +69.7%

- Typical home value: $508,200

#13. Davie, FL

- 1-year price change: +22.8% (+$95,425)

- 5-year price change: +69.6%

- Typical home value: $514,307

#12. Coral Springs, FL

- 1-year price change: +23.7% (+$103,873)

- 5-year price change: +72.7%

- Typical home value: $541,802

#11. Hillsboro Beach, FL

- 1-year price change: +22.4% (+$104,671)

- 5-year price change: +49.2%

- Typical home value: $571,207

#10. Fort Lauderdale, FL

- 1-year price change: +24.7% (+$104,756)

- 5-year price change: +70.0%

- Typical home value: $528,896

#9. Hillsboro Pines, FL

- 1-year price change: +25.1% (+$120,916)

- 5-year price change: +71.2%

- Typical home value: $602,824

#8. Cooper City, FL

- 1-year price change: +23.4% (+$122,069)

- 5-year price change: +69.5%

- Typical home value: $644,318

#7. Lauderdale-by-the-Sea, FL

- 1-year price change: +23.3% (+$123,514)

- 5-year price change: +58.8%

- Typical home value: $653,338

#6. Wilton Manors, FL

- 1-year price change: +27.4% (+$131,323)

- 5-year price change: +78.5%

- Typical home value: $610,422

#5. Weston, FL

- 1-year price change: +25.5% (+$141,606)

- 5-year price change: +63.9%

- Typical home value: $695,919

#4. Lighthouse Point, FL

- 1-year price change: +28.5% (+$181,833)

- 5-year price change: +81.2%

- Typical home value: $819,205

#3. Parkland, FL

- 1-year price change: +30.5% (+$255,380)

- 5-year price change: +71.2%

- Typical home value: $1,091,570

#2. Southwest Ranches, FL

- 1-year price change: +32.0% (+$305,577)

- 5-year price change: +85.2%

- Typical home value: $1,259,103

#1. Sea Ranch Lakes, FL

- 1-year price change: +31.1% (+$444,618)

- 5-year price change: +74.2%

- Typical home value: $1,874,859

Article posted by: Stacker

Bottom Line

As the housing market continues to change, you may be wondering where it’ll go from here. If you’re waiting to buy a home until prices come down, you may want to reconsider.

CLICK HERE to know what the experts say!

As the housing market continues to change, you may be wondering where it’ll go from here. One factor you’re probably thinking about is home prices, which have come down a bit since they peaked last June. And you’ve likely heard something in the news or on social media about a price crash on the horizon. As a result, you may be holding off on buying a home until prices drop significantly. But that’s not the best strategy.

Real estate taxes have been on the rise over the last few years. Help home buyers avoid the sticker shock.

As NAR economists predict a fall below 6% by year’s end, new data reveals the rate threshold at which the market would likely be flooded with buyers.