Broward County, Florida has 28 incorporated towns and cities, of which Fort Lauderdale is the largest incorporated city, as well as the county seat of government.

The region has a population of 1.7 million people and has a subtropical climate, This county continues to attract new residents and visitors. Its economy is largely based on tourism, retailing, construction, light industry and services.

Where The Hot Residential Markets Are Located

According to regional housing market analysts, the area will continue to see strength in its housing markets, particularly in areas like Pinecrest, Coral Gables, Key Biscayne and Miami Beach. All of those markets, especially for the high-end segment, will get higher, because those strong price points have been established in major urban areas of the county, and the area’s home price levels are still half what they are in southern California.

In Broward County, the real estate market in Coral Springs is strong, and now Davie is becoming strong, as this is where one will see some of the most expensive homes in Broward, which area million-dollar homes on one-acre lots. In areas like , Plantation, which is located in the center, there are million-dollar homes, and homes that have prices ranging from $300,000 to $500,000.

In Broward County, the hottest residential areas used to be located just on the waterfront. If someone bought a home in the early '90s in areas like Weston, and wanted to resell it two years later, you’d probably get much lower values. What happened before was that you could buy a new home from a builder for the same price]as a used home that a guy had for two years. That was the case when there was more land; however these days there's no more land left to further develop. In the past few years, outwest, properties have appreciated at the same rate as some of the properties east. Weston and Davie are doing quite well too.

The Foreclosure Markets Are Heating Up Here

Many real estate investors, buyers and brokers today are interested in efficiently locating foreclosure properties in Broward. Buying foreclosed real estate is a lucrative idea these days, especially in places like Broward County, where nearly everyone is scrambling for getting great deals. With a rapidly-growing population, Broward County is seen as a growing foreclosure market in the state.

Many housing industry experts and pundits have, for some time, forecasted that the South Florida Housing market would cool. Many are cautioning that now is not the time of panic selling or mass foreclosures, but the quick appreciation of properties that could be counted in the past few years no longer seems to be occurring. While home prices are still going up, they are just not going up as quickly as they had before.

In Fort Lauderdale, average home prices range from $280,000 to $340,000, which is considerably up by 10-15 percent from last year’s levels, making this a buyer's market, and is considered a major push is in the single-family homes, as well as condos and townhouses. Home buyers who are relocating to Florida are the biggest clients, and pre-built or pre-construction, as well as single-family homes are slowly picking up.