“South Florida by the numbers” is a web feature that catalogs the most notable, quirky and surprising real estate statistics.
Time to wake up a little earlier….time to get those kids up and out the door….time to build an extra 10 minutes into your commute…it’s Back to School time in Miami! Nothing signals the end of South Florida’s sleepy summers like (hundreds of) thousands of kids returning to their classrooms and hallways. And here’s a little math homework to get us started: a look at the variety of ways schools and education impact Miami’s real estate market. So sharpen your pencils and study up – this WILL be on the test.
More than 345,000
Number of students attending Miami-Dade County Public Schools in 2014, making it the fourth-largest district in the country. (By itself, that population would be about the 50th-largest city in the nation; larger than Anaheim, California, St. Louis, Missouri, and Pittsburgh, according to U.S. Census Bureau estimates.) [DadeSchools.net]
Increase in enrollment at Gold Coast Schools of Real Estate’s five South Florida campuses in 2013. During the area’s recent real estate down cycle, enrollment had fallen by 70 percent. [Associated Press]
Acres of Miami-Dade County Public Schools-owned land in downtown Miami (including its administrative headquarters and the WLRN studio) that the board plans to potentially sell or redevelop. Six developers (including Related Development and SC Investment Holdings, an affiliate of CMC Group) are reportedly interested in the land, which has an estimated appraised value of $28 million. [Miami Herald]
Appraised value of land in west and central Miami that Miami-Dade County Public Schools might also consider selling. If approved, proceeds from the sale of these properties are expected to fund capital projects. [Miami Herald]
29% and 22%
Respectively, the percentage of buyers who listed “school quality” and “proximity to schools” as deciding factors in their home purchase in the 2013 National Association of REALTORS® Profile of Home Buyers and Sellers. [Realtor.org]
This column is produced by the Master Brokers Forum, a network of South Florida’s elite real estate professionals where membership is by invitation only and based on outstanding production, as well as ethical and professional behavior.