Join Our Newsletter
Get the latest Coral Springs news, real estate market updates and local events. Don’t worry, you can unsubscribe at any time.
Menu
Coral Springs, Florida is a thriving city located in the northern section of Broward County.
It is a highly sought suburb southwest of Boca Raton with a growing population of approximately 130,000+, making it the fifth largest city in the county.
Coral Springs has been consistently ranked as one of the most desirable cities in Florida to call home, with a high quality of life and a real strong sense of community.
As a result, the real estate market in Coral Springs has been steadily growing over the past few years.
Coral Springs, Florida is a thriving city located in the northern section of Broward County.
It is a highly sought suburb southwest of Boca Raton with a growing population of approximately 130,000+, making it the fifth largest city in the county.
Coral Springs has been consistently ranked as one of the most desirable cities in Florida to call home, with a high quality of life and a real strong sense of community.
As a result, the real estate market in Coral Springs has been steadily growing over the past few years.
The real estate market in Coral Springs has been experiencing a steady increase in home prices over the past few years. According to recent data from Zillow.com, the median home value in Coral Springs is presently $398,000, which is a 12.6% increase from the previous year. The upward trend is expected to continue in 2023.
REDFIN
Single-family homes are in very high demand in Coral Springs, with many families looking for more space and privacy. This has led to a major increase in the construction of new single-family homes. According to the National Association of Home Builders, construction of new single-family homes increased by 17% in 2021.
Although there is a high demand for homes in Coral Springs, there is limited inventory on the market, an issue impacting the entire county. This has led to a competitive market, with many homes selling for above their listing price. In fact, according to Redfin, 44% of homes in Coral Springs sold above their listing price in 2021.
The rental market in Coral Springs is also strong, with a growing number of renters in the city. According to RentCafe, the average rent for an apartment in Coral Springs is presently $1,658, which is a sizable increase of 6.7% from the previous year. This increase is in line with the national trend of rising rental prices.
The luxury real estate market in Coral Springs is also growing at a rapid rate, with an increasing amount of high-end homes being built in the city. This is primarily due to the high demand for luxury homes in the area, as well as the city’s outstanding reputation as being an enticing place for people to live.
Realtor.com
The real estate market in Coral Springs, Florida is strong and growing, with increasing home prices and a high demand for single-family homes. While there is limited inventory on the market, the city’s high quality of life make it an attractive place to live for many families.
Get the latest Coral Springs news, real estate market updates and local events. Don’t worry, you can unsubscribe at any time.