SmartZip's Analysis and insights into Coral Springs, FL as a fundamentally strong real estate market for investors and homebuyers, based on SmartZip's investment ratings and local insights
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SmartZip Coral Springs Top10 Real Estate Investment Market Report July 2009
1. TM
July 2009 | www.SmartZip.com
CORAL SPRINGS, FL
Overview Key Investment Metrics
Coral Springs is a city on Floridas southern Average SmartZip Score 76 Growth
Atlantic coast, in northeastern Broward 68 Income
County. Coral Springs is thirty minutes
Average Market Value: $209,838
northwest of Fort Lauderdale, twenty minutes
northwest of Pompano Beach, and fifty $107 per Sq. Ft.
minutes northwest of Miami. Coral Springs is 10-Year Proj. Appreciation: 42%
thirty-five minutes from Port Everglades, the Average Monthly Rent: $1,901
second busiest cruise port in the world.
Average Cap Rate: 5.3%
Many area schools have received the School Rating (10 is best): 8
Five Star School Award from the Florida
Department of Education as schools
that have shown exemplary community
involvement. The city itself was awarded the
Malcom Baldrige National Quality Award in
2007, and continues to garner kudos on a Local Expert Insights
State and regional level. Look in zip code 33065 where there are over
1,000 listings (2/3 foreclosure, 1/3 short sale)
On the Map Single-family homes previously at ~$500k, now
selling at $160-$170k, below replacement cost
Condos and townhomes are available for under
$100k, so investors can enter this market for
under $20k
Since many families have lost their homes to
foreclosure, they are looking to rent and a rental
home does not stay on the market more than a
week if its priced correctly
Buying for resale: dont expect to be able to flip
these homes; theres a lot of supply and the
market will remain soft for some time. Plan to
hold for at least 2-3 years
2. Coral Springs, FL Heat Maps
10 Year Population Growth Monthly Cash-Flow
Investment Market Comparison
About the Top 10 Markets
The SmartZip Top 10 Markets is a featured list of the top rated markets hand-picked by our panel of
investment analysts. Candidates for the list are identified using our proprietary SmartZip Score ratings
averaged across the Growth and Income investment strategies. Learn more at www.SmartZip.com
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