Sarasota FL Real Estate Blog by Keith Kropp, Realtor

Home Prices in Sarasota, FL Market Report for August 2017

Home Prices in Sarasota, FL Market Report for August 2017

 

In August 2017 closed sales in Sarasota County increased 6.9 percent compared to the August 2016.  The median sales price for a single family home in Sarasota County was $258,000, an increase of 1.5 percent from August of 2016.  The median sales price for condos in Sarasota County was $213,500, a decrease of 2.0 percent year over year.

 

"We've seen some fluctuation in closed sales for 2017," says Xena Vallone, 2017 President of the Realtor Association of Sarasota Manatee.  "The first eight months of this year show more sales than the first eight months in 2016, thanks to a strong month of sales in March, May and now August."

 

Inventory levels reached a level in March that was almost at a balanced market level,  but have declined since then.  In August Sarasota single family inventory was at a 3.8 month supply.  Sarasota condos were at a 4.3 month supply.   These levels are well below the 6 month supply considered a balanced market between buyers and sellers.  We remain in a seller's market.

 

While the home ownership rate in July (per the US Census) was 63.7 percent nationwide, the Sarasota Real Estate Market stands at 73 percent.  Sarasota currently ranks as one of the highest in home ownership for the 75 largest...

Tips to Save Energy and Add Value

When it comes to energy efficiency, look for smart features and expertise to help you save energy and money and add value to your home.

1. Begin with a Right-Sized Home.

If the home you buy is simply too large for you or your family’s needs or plans, you stand a good chance of wasting energy through excessive heating and cooling costs. If it’s too small, you’ll feel cramped and uncomfortable. It’s a big investment, so seek balance and buy it “right” from the outset. 

2. Purchase Energy Star Appliances Such as Your TV, Dishwasher, Washer and Dryer, and Microwave.

And especially the refrigerator, as it alone contributes about 10 percent of the energy use in a home. Also, unplug electronics not in use or turn off power strips to avoid phantom charges. 

3. Install Efficient Lighting Such as Compact Fluorescent (CLF) or LED Bulbs in Every Fixture.

Lighting accounts for about 6 percent of an energy bill each year.

4. Get an Energy Audit and Have Tests Performed to Identify Ways of Improving Your Efficiency.

You can always upgrade your heating, ventilation, and air conditioning (HVAC) system as well as your thermal envelope, which includes insulation, windows, and doors  and the seals or weather stripping around them. Visit energy.gov/energytips...