Things You Need to Know About Sunrise Florida

Whether you are looking for a home in Sunrise Florida for yourself or for your family, there are several things you need to know about the area. These include the home appreciation of the area, the colleges and universities, and the hotels and resorts.

IKEA Sunrise

Located off Interstate 595 and near the Sawgrass Mills Mall, IKEA Sunrise Florida is a popular destination for budget-conscious furniture shoppers. The store offers stylish home furnishings and is a member of the Swedish American Chamber of Commerce.

The store will be open from Monday to Saturday, from 10am to 9pm. It is located in the 25-acre Gateway at Sawgrass retail center. The Sunrise IKEA store is part of a chain of furniture stores in South Florida. The store will feature over 10,000 products, three model homes, and a 500-seat restaurant. It will also offer children’s play areas and dozens of room settings.

The IKEA Sunrise Florida store is expected to create 400 jobs. IKEA is a Swedish chain that sells furniture, housewares, and shelving. The company has been in business for 75 years. It started as a mail order sales company and slowly began selling furniture. IKEA’s first store opened in Europe in 1958.

The Sunrise, FL IKEA is expected to be filled to capacity in the first few weeks. Its location on the eastern edge of the Everglades makes it convenient for the area’s residents. The store will be the second largest IKEA in the United States.

Hotels and resorts

Whether you’re looking for a vacation in the sun or a business trip, Sunrise Florida hotels and resorts are the perfect destination for you. These properties offer everything from luxurious accommodations to state-of-the-art conference facilities. And, they aren’t far from some of the best beaches in the country. The following are a few of the most popular destinations in the area.

The DoubleTree by Hilton Hotel Sunrise is situated on the edge of Sunrise’s most prominent shopping and dining areas. It offers a 24-hour business center and an outdoor pool. The property also features a fitness center, a coffee/tea in the common area, and free WiFi in public areas. Its largest attraction, however, is its view of the City.

The Holiday Inn Hotel & Suites is also located on the border between Sunrise and Plantation. It’s recently been remodeled and boasts a state-of-the-art fitness center and free shuttle service within five miles of the hotel.

Another must-stay in the area is the Sawgrass Grand Hotel. Its amenities include an indoor swimming pool, an outdoor pool, and a tennis court.

Colleges and universities in the area

Located in Broward County, Florida, the city of Sunrise is a smallish burg with a population of 84439 residents and a median home price of $98,611. Having said that, the city is located within close proximity to some of the most prestigious universities in the state, such as Florida International University. The University of Phoenix South Florida Campus is a mere 2.9 miles away. There are also a few community colleges in the area, such as Broward College, which provides a good value for money proposition.

As you would expect, the University of Miami is the crown jewel of the group, boasting a student body of nearly 18,000 and a campus just under 15 miles away. Although a drive to Coral Gables isn’t as short as it sounds, the trip is well worth the effort. The University of Miami has a well-deserved reputation for being a quality education provider, and the prestige of having a campus in your back yard is well worth the extra effort.

Home appreciation in the last 10 years

Compared to the rest of the country, Florida’s housing market is overpriced. This makes it difficult for Floridians to make use of their home equity. As prices continue to rise, mortgage rates will also increase.

Although the national housing market is not yet on the brink of a crash, the slowing economy and tightening lending laws are causing fewer home buyers to enter the market. This is one of the reasons that Florida home prices are rising.

The Federal Reserve’s recent decision to cut interest rates has served as a stimulus to many homeowners. In turn, it increased competition for homes. However, it may not affect the housing market the way it was expected. It is still possible that the market will slow down in the coming months.

In the meantime, the number of listings in the Sunrise, FL real estate market increased by 3% between October and November of 2022. That means that there are 338 houses available for sale. The average sale price was $280K last month. It takes an average of 48 days to sell a home in Sunrise.