What to look for when buying a home in Pembroke Pines?
Looking for your perfect home can be difficult. You must have some ideas about what your future house should look like, or at least what it should have. For example, some people are looking for an open-concept home with two or more bathrooms, a ton of storage space, etc. In addition to this, price and location also play a large role in the final decision. There are many variables to consider when buying a home in Pembroke Pines that finding reliable movers Pembroke Pines will seem like a piece of cake. In order to make it a little bit easier for you, here are all the things to consider when house hunting in Florida!
Home buying – home value & mortgage rates
Similar to the rest of the world, the housing market is strong in Florida. Florida’s real estate trends have been almost the same as in the rest of the US for years. There has been a great demand for house buying due to people’s wish to own a house instead of renting one. It is better to pay for the mortgage monthly than to pay for the rent. At least, one day, that house will be yours. For this reason, home values are always increasing. In addition to this, you have to consider current mortgage rates. They are always changing as well, rising to be exact. Therefore, you should consult with professionals. See what you can afford. Then, see what kind of house you want to purchase. Maybe you will have to compromise on something, whether that would be an additional bathroom, commuting time, or something else.
Buying a home in Pembroke Pines
Pembroke Pines has humble origins, but since the 1990s, the city has been rapidly expanding. Today, it has more than 154,750, which makes the city the second most populous city in Broward County. Only Fort Lauderdale is bigger than Pembroke Pines. Like any larger city, it has many boulevards with interesting restaurants and shopping places. Again, it is not as expensive as Miami. Family homes are more affordable in Pembroke Pines, unlike in Miami. If you are debating whether to buy or rent a property, you should definitely buy a house, as it is 33.1 percent cheaper than renting. However, due to popular demand, home prices are increasing. In 2017, they rose by 6.8 percent. This is not surprising as Pembroke Pines is a good place for raising children as it is not as hectic as Miami but still offers plenty of opportunities. These include employment, educational, and entertainment opportunities.
The Current State of the Pembroke Pines Real Estate Market
Currently, Pembroke Pines has a housing market that is characterized by a reasonable level of competitiveness. Houses in this city typically receive around two offers before they are taken off the market. In terms of time, it takes an average of 46 days for a house to be sold, which is a fairly rapid turnover rate. As for the prices, the market exhibited an upward trend, with the median home sale price hitting $415K last month, marking a robust 7.1% growth compared to the same period last year. Despite the overall price escalation, the market saw a minor contraction, with the median sale price per square foot decreasing marginally by 0.18% from last year, settling at $278 per square foot.
Shifts and Changes in Pembroke Pines Housing Market
Understanding the present-day dynamics and evolving trends of the housing market is crucial for all stakeholders, including potential homebuyers, existing homeowners, real estate investors, and everyone else that are thinking about buying a home in Pembroke Pines. As of April 2023, the housing market has seen a substantial increase of 7.1% in median home prices compared to the previous year, pushing the median price to a significant $415K. However, the market’s pace seems to have slowed down a bit, with houses taking a bit longer to sell. It now takes an average of 46 days to close a deal, a significant increase from last year’s 32-day average. Additionally, the volume of home sales has seen a small dip. In the same month, the number of homes sold stood at 206, a decline from 226 houses sold during the same period in the preceding year. This may be indicative of various factors, including changes in buyer behavior or external economic conditions.
Competition in Pembroke Pines Housing Market
Assessing the competitiveness of the Pembroke Pines housing market, the city scores a moderate 52 on the Redfin Compete Score, indicating a healthy level of competition among buyers. It is commonplace for homes to attract multiple offers, which can make the buying process more dynamic. Yet, despite this competition, it’s interesting to note that houses typically sell for about 2% below their initial listing price. This suggests that, while competition is present, it isn’t aggressive enough to drive prices above the asking price regularly. Moreover, the pace of the market is also a factor to consider when discussing competitiveness. On average, it takes approximately 46 days for a house to shift status from ‘listed’ to ‘pending’.
This timeframe provides a broad picture of how quickly homes are selling in the area, which can be a crucial piece of information for both buyers who want to gauge their chances of landing a house and sellers who are planning their future based on the sale of their property. Nonetheless, it’s also important to note that not all houses share the same trajectory in the market. Some properties in Pembroke Pines have a much brisker sale process, moving from being listed to pending in almost half the average time, around 24 days. This variance suggests that certain properties – potentially those in more desirable locations or ones that offer more value for their price – are able to attract buyers more quickly.
Highlighting the Best Neighborhoods in Pembroke Pines
Pembroke Pines is a splendid city to call home, with a selection of neighborhoods to fit varying lifestyles and budgets. According to local movers in Florida, the eastern region of the city, located beyond University Drive and east of I75, mainly comprises standalone neighborhoods. While these areas might not always be part of a subdivision, offering a lower level of monitoring and security, they include several charming pockets that stand out for their community spirit and appeal. Transitioning east of I75 but west of Douglas, you enter what can be characterized as a middle-income community. These neighborhoods mix both gated and non-gated properties, providing a heightened sense of security.
The communities here are diverse and welcoming, offering a blend of residential options to suit different family sizes and needs. Further west of I75, you’ll find the neighborhoods that typically attract upper-middle-income residents. The properties in this region predominantly belong to gated communities or those with security access and patrols, ensuring a higher degree of safety and peace of mind. Here, meticulous monitoring lends to a safer, more secure environment, adding to the overall desirability of these areas.
Check Roof, Rooms, and Temperature
Now, onto the things to look for when buying a house in Pembroke Pines. First, check the roof. Florida has many rainy days, typhoons, and hurricanes. For this reason, make sure that the roof provides the necessary safety and protection. Roof repairs are expensive, so do not waste money on buying a house with a damaged roof. Next, when you walk around the house, do not judge the rooms by their color. Previous homeowners might have a strange taste in colors. However, this does not mean you should live in a bright red bedroom. Just on the contrary, you can easily repaint the walls in any color you fancy. Lastly, pay attention to the temperature in the house. Pembroke Pines has many sunny days that can be extremely hot. Therefore, the heating and cooling system should work well. Check these aspects before hiring moving companies Miami Gardens.
Deal Breakers, Plumbing, and Land
Before checking moving quotes Miami movers offer and buying a home in Pembroke Pines, decide on your deal breakers first. This depends entirely upon your personal preferences. As mentioned, some people will not buy a house with only one bathroom, while others want to have a huge garden. However, do not stick so closely to your requirements. It would be hard to find a perfect house in your preferred location within your budget. Additionally, check the plumbing system. When you are looking for a new kitchen, get underneath the sink as well. Examine those pipes. See if there are any leaks, mold, or water damage. Again, it would be quite expensive and unnecessary to spend money on these repairs that should not be here in the first place. Lastly, examine the land as well, not just the house. See if your area is prone to flooding.
The Next Couple of Things to Pay Attention to
Buying a house is challenging. For this reason, here are more things to consider and check before making the final decision.
- Pay attention to smells – you should only be able to smell grass and flowers. However, if you can smell sewage or gas, ask the reasons for the unpleasant smells.
- A well-insulated house – a home is supposed to be comfortable. See if your house is properly insulated. This should reduce cooling costs which is extremely important in Pembroke Pines.
- Check everything – try all the switches, faucets, windows, doors, toilets, and showers.
- Have a home inspection – The National Association of Exclusive Buyer Agents recommends having professionals to check your house. Unless you have a trained eye, you can easily miss some problems. If home inspectors find some problems, you can ask for a lower price or for home sellers to fix the problem.
The Last Things to Look For When Buying a Home in Pembroke Pines
The last set of things to check before buying a home in Pembroke Pines.
- Garage or Storage Space – pretty self-explanatory.
- A pool – it would be amazing to have a pool so you can cool down during the hot days.
- Patio or Sitting Area – it would a shame to waste beautiful sunny days sitting inside. For this reason, buy a house that has either patio or outdoor sitting area.
- Locked Mailbox – protect yourself by having a locked mailbox.
- Blinds – since it is sunny most of the time, your house should have blinds. It is quite expensive to install them, so find a house that has them.
Migration and Relocation Trends in Pembroke Pines
From March to May 2023, Pembroke Pines observed interesting migration and relocation trends. About 24% of homebuyers considered moving away from the city, seeking assistance from professional moving and storage in Florida. Nonetheless, a significant 76% preferred to stay, reaffirming their commitment to the vibrant Pembroke Pines metropolitan area.
Understanding Migration Patterns: Origin of New Pembroke Pines Residents
Pembroke Pines has been attracting a diverse mix of homebuyers from across the nation. Notably, around 3% of homebuyers nationwide have expressed interest in buying a home in Pembroke Pines. It’s an indication of Pembroke Pines’ rising appeal as a residential destination outside of buyers’ current metropolitan areas. Interestingly, the city’s appeal is strongly felt among New Yorkers. A significant number of homebuyers from the Big Apple have been looking to make a switch, searching to move into Pembroke Pines more than any other metro region.
The city’s appeal isn’t limited to New Yorkers alone. Prospective buyers from Washington and Boston are also showing keen interest in the Pembroke Pines real estate market, making them the next two most common origins of potential new residents. For those considering a move, resources like Broward County movers can be of great assistance. They can help smoothen the transition, whether it’s from New York, Washington, Boston, or any other area across the nation, by offering reliable, professional moving services that cater to the specific needs of those relocating to Pembroke Pines. As the city continues to draw interest from a broader geographical range, these services play a crucial role in fostering a smooth and stress-free moving experience.
Pembroke Pines Residents’ Relocation Preferences
While Pembroke Pines continues to hold the attention of the majority of its residents, some are venturing out and exploring relocation possibilities. Interestingly, 76% of Pembroke Pines homebuyers choose to stay within the metropolitan area, demonstrating a strong preference for the local lifestyle, community, and opportunities. Yet, for those looking beyond the city’s confines, Denver emerges as the top relocation destination. The city’s allure, with its vibrant culture, booming job market, and beautiful landscapes, has resonated with Pembroke Pines residents.
Following Denver, the cities of Orlando and Cape Coral are the next most popular destinations. Orlando’s theme parks and strong economy, along with Cape Coral’s serene environment and growing job market, are possibly the major attractions for these movers. For those looking to make such a long distance move, it is advisable to seek assistance from professional long distance movers in Florida. With their expertise and experience, these movers can help streamline the relocation process, ensuring a smooth transition to these popular destinations from Pembroke Pines. As relocation trends evolve, these services will continue to play an essential role in helping individuals and families find their new homes, whether within the Pembroke Pines metro area or far beyond.
Exploring the Job Market in Pembroke Pines, Florida
If you are moving to Florida and thinking about buying a home in Pembroke Pines, you need to find a job. Pembroke Pines boasts an impressive job market that caters to a diverse range of professions and industries. The city is known for its robust economy and offers a wide variety of opportunities for both seasoned professionals and those just starting their careers. A significant sector that provides employment in Pembroke Pines is healthcare. With several leading healthcare facilities and hospitals in the area, including Memorial Hospital West and the South Florida State Hospital, healthcare professionals can find numerous job opportunities in various specializations. Another thriving sector is education. With a rich assortment of public and private schools, and the presence of higher education institutions like Broward College and Keiser University, the city provides ample opportunities for educators at all levels.
Moreover, the retail industry is a significant contributor to Pembroke Pines’ job market. The city hosts several shopping complexes like Pembroke Lakes Mall and Shops at Pembroke Gardens, which constantly require employees in customer service, management, and other retail roles. For those inclined towards public service, the city’s local government, as well as state and federal agencies, provide numerous job openings. These include roles in administration, public safety, utilities, and parks and recreation. The city’s job market is also influenced by its proximity to larger cities like Miami and Fort Lauderdale. Many residents commute to these cities for work, widening the range of job opportunities available to those living in Pembroke Pines.
Education in Pembroke Pines
If you are moving to Pembroke Pines with kids before you start packing your moving boxes Miami movers gave you, you need to check what are the best schools in the city. Luckily, Pembroke Pines boasts an impressive array of highly-rated schools, offering an excellent educational environment for students. Top-ranking elementary schools include Embassy Creek Elementary School, Pembroke Lakes Elementary School, Cooper City Elementary School, Hawkes Bluff Elementary School, and Silver Palms Elementary School. For middle school education, the city has Pioneer Middle School, Silver Trail Middle School, Walter C. Young Middle School, Driftwood Middle School, and Pines Middle School. The same schools, popular for their middle school programs, also stand out as top-tier high schools in the region, providing a consistent learning experience for students as they progress through their education.
Pembroke Pines Offers a Unique Blend of Opportunities for Homebuyers
Buying a home in Pembroke Pines presents an exciting opportunity. With a competitive housing market, an impressive job sector, diverse neighborhoods, and quality education facilities, it’s a city that offers something for everyone. Whether you’re relocating within the city or hiring interstate moving companies in Miami and moving from afar, Pembroke Pines promises a unique blend of opportunities, making it an appealing choice for prospective homebuyers. As the city continues to grow, its real estate market evolves, offering an array of properties to suit different lifestyles and budgets, reinforcing Pembroke Pines’ status as an ideal location to call home.