Home Price Update – Tamarac – Feb 2017
Single family homes decreased year over year while prices increased 10.27%. REO sales in the market dropped 65% from 17 to 6 and the days on market decreased 21.57% to 40 days. Condo prices increased 15% year over year and the number of foreclosures declined 70%.
Single Family Homes – Tamarac (Broward County)
|Single Family Homes||February 2017||February 2016||% Change (from 2016-2017)|
|Average Sale Price||$204,451||$185,414||10.27%|
|Median Days on Market||40||51||21.57%|
|Foreclosures / REO’s||6||17||64.71%|
Condos – Tamarac (Broward County)
|Condominiums||February 2017||February 2016||% Change (from 2016-2017)|
|Median Sale Price||$90,000||$78,000||15.38%|
|Median Days on Market||48||74||35.14%|
|Foreclosures / REO’s||3||10||70%|
The City’s Beginning
Officially incorporated on July 19, 1963, the City of Tamarac was founded by developer Kenneth E. Behring. Mr. Behring’s vision was to offer the convenience of a condominium with the privacy of a single-family home for active retirees.
The first neighborhood he built was Tamarac Lakes, located on the eastern side of the city. The new homes were one-story, one- or two-bedroom homes that surrounded a common clubhouse which provided a great deal of social activities for the residents. Residents paid a small monthly fee that provided for lawn maintenance and periodic house painting and roof cleanings.
The popularity of his concept quickly led to further expansion. New neighborhoods such as the Mainlands and Woodlands followed as the Behring Corporation was able to purchase more land (which accounts for the city’s odd shape). As with the surrounding areas, businesses began moving in to the new community and Tamarac thrived as a destination for snowbirds and year-round residents looking for the “good life.”
Today Tamarac is no longer just a retirement destination. With a population that has gotten younger and more diverse over the years, the city boasts an amazing array of activities and services for people of all ages.
About Empire Appraisal Group, Inc.
Establish in 2005, Empire Appraisal Group, Inc., is Broward County’s leading residential appraisal company as a result of their accurate and reliable appraisals, excellent customer service, and quick turn times. When working with an appraiser, 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 considered one of the top property appraisers in Florida, with nearly 15 years of expertise and 7,000+ appraisals to his credit.
We ‘specialize’ in helping people who need appraisals for estate purposes, divorce, bankruptcy, FSBO’s and more.
We also work closely with realtors to help establish listing prices, these pre-listing appraisals ensures sellers get top dollar for their home.
In addition, to homes of all shapes and sizes, we also appraise condos, multifamily homes, boat docks, 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.