Offering less rowdy beaches and much lower density than Miami Dade County and Palm Beach County and Broward County which is way more appealing to the people coming from the northern states..

South Florida has seen an huge spike in people and families relocating from the northern states, alot of people are attracted by the state’s lack of income tax and low property taxes, particularly since the 2018 tax reform. In December of last year, the sales of higher end homes, condos and real estate in Miam Dade, Palm Beach and Broward counties had spiked significantly, and during the Covid-19 pandemic, demand has continued to spike as buyers are flocking to Florida cities and willing to pay over asking prices for more space, larger properties, and more relaxed lock downs.

Broward County remains especially strong. In the beginning of 2020, the Fort Lauderdale area saw residential real. estate sales increase 4% year over year, and luxury single family home transactions were up 30% for the same period. The median sales price increased 10% for houses and 8% for condos.

In Broward County and also the communities of Miramar, Plantation, and Davie have had the lowest real estate inventory at the moment, which says that the real estate activity, while Zillow shows that the city of Fort Lauderdale has some of the highest priced homes currently on the market in the county and most local real estate experts say they don’t expect the robust activity to let up anytime soon, making now a great time to invest in the Broward County luxury market.

Broward County is especially well positioned at this moment, given its lower density compared to other luxury markets in South Florida, and sales were already strong before the onset of the pandemic. Given that uncertainty, it is difficult to predict what pricing will do in South Florida’s luxury real estate markets, but for now the market is making strong returns on investment are promising.