Pembroke Falls Florida Mini Sales Update

The best part of Pembroke Falls of Pembroke Pines, Florida is the fact that it is a desireable neighborhood that is fairly easy to sell or rent. Unlike most of the other nearby neighborhood of Broward County, Pembroke Falls has held steady with its sales, although there has been a significant drop in price over the last five years.

We all know that the economy is the culprit here, but when it comes time for a comeback Pembroke Falls will probably be in a better position to rebound for those willing to wait it out.

Currently there are 21 homes for sale in the entire subdivision, and that my friends, is not a lot. The price ranges from $549,900. for a 4/3.5 to $272,250. for a 3/2. Big disparity, I know, but you have to know the different subdivisons within the community to understand. Of those 21, four are short sales and only 2 are REO's.

But here is where it get a little interesting. Of the 59 closed sales and 16 pending sales in Pembroke Falls, six are on the same street, 23rd st. The only explanation I have for the rash of sales on 23rd this year is the fact that it is the main thoroughfare into two of the first subdivisions, which means they have a lot of traffic and/or are bordered by the main highway. During the boom, these were always the last to go with the builder. Now they are the first. Prices for the four closed have a large disparity too. The top price was $400K and the lowest $285,500. Below is a sampling of the homes on 23rd that have sold. Believe it or not, you get a lot for your money in South Florida today for these kinds of prices. I should know. I am a resident of Pembroke Falls.