Annually numbers are released within Broward County showing the difference in property values in each city from year to year. Comparing the years 2005 to 2006, the property values in Lauderhill increased 24.6%. This was the fourth highest increased among the 31 cities, plus unincorporated Broward, which averaged 19%. Comparing the annual increase of property values over the last 5 years, Lauderhill would easily be one of the top areas for highest average increases in the county.
Much of the increase is can be due to the more affordable housing values Lauderhill has had over the years. Now that other communities have become so much more expensive and are cooling off, many are turning towards areas like Lauderhill, increasing demand, and causing our values to increase at a much higher rate. Also, much of the credit can also be attributable to significant improvements Lauderhill has made in rebuilding its infrastructure and improvements in services provided.
One of the goals of a city is to provide value to its residents and businesses. This can be expressed in terms of increase in property values, which is an investment. In terms of these increases, Lauderhill has been extremely successful in providing this value.
3 comments:
If those of us who own property at Stonebridge Gardens have our way those units in some sections are going to sell immediately after restoration and sell high. Very high. Call it our own nod in the direction of area gentrification.
Kazan
This regarding the (now) famous Stonebridge Gardens complex. The countdown begins. Will it take three days or ten days? By the way, the banks now own most of the property there....
"They told us that the city wanted architect drawings of the roof and 5
other items.
The roofer had an architect do the roof drawings which took over a week
to complete.
The 5 other items are being taken care of by Hollee.
Hollee called me this afternoon to let me know that the drawings are
ready and will be turned into the building department, tomorrow
Thursday, June 8.
Hollee will call me after the roofer turns them in."
Paul Stoneman
Some people must be living at the famous Stonebridge Condos as per today's Miami Herald:
http://www.miami.com/mld/miamiherald/14791246.htm
''This forecast scenario suggests that a tropical storm watch may be required for a portion of the North and Central Florida west coast as early as Sunday morning,'' said Lixion Avila of the National Hurricane Center in West Miami-Dade.
In any event, the system was not predicted to grow into a hurricane, and most of it was expected to remain well west of South Florida.
The storm was wet and sprawling, however, and South Florida fell under its influence.
The main potential problem: intermittent blasts of rain and wind, which could inflict more pain on thousands of Broward and Miami-Dade residents still living under roofs damaged by last year's Hurricane Wilma. Some areas could receive up to four inches of rain by Tuesday.
''We still have the shrink wrap on the roof,'' said GAIL ALFRED, who lives in STONEBRIDGE GARDENS, a Lauderhill community with many roof-challenged condominium apartments. ``Hopefully, that will hold it.''
Nevertheless, she planned to move in with relatives until the system passed. Representatives of Broward County and the American Red Cross said they would open a shelter if the situation warranted it."
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