Tuesday, June 06, 2006
Property Values Up In Lauderhill
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.