Broward County Market Update- August 2018
The median sale price of Single Family homes in Broward County has continued to rise starting at $250,000 in
2013, to $353,000 year to date. The highest median days to sell in Broward County for Single Family homes was
41 days in 2015, while the lowest was 30 days year to date.
The median sale price for Townhomes, Condos and Villas in Broward County has slowly increased from $105,000 in 2013 to $165,000 year to date.
The median days to sell in Broward County between 2013 and year to date has been higher than 39 days.
About Broward County
Source: http://www.broward.org/History/Pages/BCHistory.aspx
Broward was formed from portions of Dade and Palm Beach Counties in 1915 and named for former Florida governor Napoleon Bonaparte Broward. In less than a century, a land “unfit for human habitation” has been turned in to the permanent home of over a million people and the winter residence of tens of thousands more. In earlier times, it could not have happened. Today’s Broward County is very much a product of the industrial age. The sun and sand and sea have been here for millennia, but the roads, railroads and seaport are new additions which have vastly transformed the area’s landscape. Dania became the area’s first incorporated community in 1904, followed by Pompano in 1908 and Fort Lauderdale in 1911. All three pre-date Broward County itself, which was formed from portions of Dade and Palm Beach counties in 1915 and named for former Florida governor Napoleon Bonaparte Broward. In numbers, this boom pales in comparison to the greater one that followed World War II. While the county’s population went from 5,135 to 14,242 between 1920 and 1925 for a gain of 9,107, the average gain per year between 1950 and 1970 was 26,808, as the population soared form 83,933 to 620,100. But numbers are not everything. The 1920s boom set the prevailing pattern in two important ways. First, it marked the advent of the developer city in which a single plan would encompass an entire community rather than a single neighborhood. Beyond that, it changed the nature of the county’s economy. Before 1920 most settlers were farmers, but the newcomers were urban people, many of them retirees. Also, the 1920s witnessed the emergency of tourism as a major facet of the Broward economy.
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Empire Appraisal Group, Inc. has been helping clients make informed real estate decisions since 2005. We are the leading residential appraisal company in Broward County. We provide accurate and reliable appraisals, excellent customer service, and quick turnaround times. When working with an appraisal company, integrity and professionalism are essential, and Empire Appraisal Group has a well-established reputation for providing the best appraisal experience. Daniel Lindeman, the Chief Appraiser, is one of the top property appraisers in Florida, with over 15 years of expertise and over 8,000 appraisals to his credit.
We specialize in helping people who need residential appraisals for listing purposes, divorce, estates, trusts, bankruptcy, and more.
In addition, to homes of all shapes and sizes, we also appraise condos, townhomes, multifamily homes, boat docks, vacant land, as well as specialty properties. No job is too big or too small, from manufactured homes to mansions.
Call Empire Appraisal Group directly with any questions concerning your real estate values at 561-441-9298. Also, check out our ‘Reviews’ page and see what others are saying about Daniel Lindeman and Empire Appraisal Group, Inc
We provide residential appraisal services to all cities in Broward County.
Parkland, Coral Springs, Coconut Creek, Dania Beach, Cooper City, Davie, Deerfield Beach, Fort Lauderdale, Sunrise, Hallandale Beach, Hillsboro Beach, Hollywood, Lauderdale by the Sea, Lauderdale Lakes, Lauderhill, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Pembroke Pines, Plantation, Pompano Beach, Sea Ranch Lakes, Tamarac, Weston, Wilton Manors