O N E S O T H E B Y S R E A L T Y . C O M

M I D - Y E A R U P D A T E

2015

R E A L E S T A T E M A R K E T R E P O R T

B R O W A R D / W E S T E R N S U B U R B S

Current Status: Broward*

Broward County, which contains cities such as Fort Lauderdale, Hollywood and Weston,

is seeing strong luxury interest as a more affordable, more suburban alternative to the

adjoining Miami-Dade market. Broward County had a larger number of prime single-family

transactions at 1,966 in the first half of 2015, reflecting the size and suburban character of

its luxury submarkets. Luxury homes also remain fairly affordable in Broward County; it is

possible to get into suburban luxury neighborhoods, such as the retail hub of Sunrise and

the affluent suburb of Weston, for under $200 per square foot.

Number of Transactions (YTD)

Average Price per Square Foot (YTD) 1

Luxury Spotlight (YTD)

1,966

$211

$1M to $5M Transactions

$5M to $10M Transactions

$10M+ Transactions

Avg. Home Price

$1,742,822Avg. Home Price

$5,703,571Avg. Home Price

N/A

# Sold

1939.8% of total transactions

# Sold

70.4% of total transactions

# Sold

00% of total

transactions

# Listed

695# Listed

59# Listed

21

* Numbers include only the county’s most prominent neighborhoods. For a full list, visit onesothebysrealty.com/trends (p. 4).

1. All percentage changes were calculated comparing 1st Half 2015 to 1st Half 2014.

Southwest Ranches & Weston

The Single-Family Home Market (YTD)1

Non-Waterfront: Avg. $/S.F.

Southwest Ranches Weston

$300$150$0

$223$199

g 13%No change

Avg. Home Price

$1,142,683

$679,178

Southwest Ranches

Weston

Non-Waterfront

h 2%

h 6%

Southwest Ranches and Weston do not possess a waterfront, residential market.

Southwest Ranches

Spotlight: Luxury Single-Family Home Transactions*

Broward’s westernmost reaches include the semi-rural Southwest Ranches as well as the

master-planned community of Weston. These areas are predominantly populated with

single-family homes, from multiacre estates to cluster and courtyard homes. Pricewise,

these submarkets have held steady, although, as in many other Broward neighborhoods,

there has been modest price compression at the highest end. Weston has among the

highest sales velocity of any luxury submarket in the county, with 421 sales so far this year.

Plantation & SunriseThe Plantation and Sunrise markets saw modest PSF appreciation combined with

a consolidation of luxury pricing, in line with trends in many other Broward County

submarkets. Both of these communities are home to large concentrations of employment

and retail, and Sunrise is currently in the early stages of developing Metropica, a retail/

office/condominium complex adjoining the popular Sawgrass Mills Mall. This project is

driving West Broward towards a more urban, condominium-intensive future.

The Single-Family Home Market (YTD)1

Non-Waterfront: Avg. $/S.F.

Plantation Sunrise

$300$150$0

$161$130

g 4%g 6%

Avg. Home Price

$499,404

$215,929

Plantation

Sunrise

Non-Waterfront

g 1%

h 17%

Plantation and Sunrise do not possess a waterfront, residential market.

Metropica, Sunrise

* The top 50% of each market, by average price.

Spotlight: Luxury Single-Family Home Transactions*

ParklandThe northernmost luxury submarket in Broward County is Parkland. Nestled against Boca

Raton, Parkland has an average house price of $184 per square foot, a discount to Weston

or Southwest Ranches owing to its northerly location on the Broward-Palm Beach border.

Parkland is predominantly a newer community that is still in its first wave of residential

development; it has not experienced the sort of redevelopment that characterizes

Plantation and Sunrise, and indeed still contains farmland.

The Single-Family Home Market (YTD)1

Non-Waterfront: Avg. $/S.F.

Parkland

$300$150$0

$184 g 3%

Avg. Home Price

$637,643Parkland

Non-Waterfront

h 20%

Parkland does not possess a waterfront, residential market.

Parkland

Spotlight: Luxury Single-Family Home Transactions*

©MMXV ONE Sotheby’s International Realty, licensed real estate broker. Sotheby’s International Realty® is a licensed trademark to Sotheby’s In-ternational Realty Affiliates LLC. An Equal Opportunity Company. Equal Housing Opportunity. Each Office is Independently Owned and Operated. Statistics provided by Integra Realty Resources – Miami\Palm Beach. The information contained herein is deemed accurate but not guaranteed.

For details on methodology, please see our 2015 report at onesothebysrealty.com/trends (p. 5).

View our full 2015 TRENDS Real Estate Report:

onesothebysrealty.com/trends

Interested in following live stats and listing activity?

Please visit onesothebysrealty.com/broward-west.