What is the value of your home in 2023?
Posted by Andree Huffine, Sarasota Realtor on
Whether you're a new homeowner or you've lived in your home for decades, most of us are at some point curious as to what the value is of our own homes. Especially nowadays, when your home value more than likely has risen quite significantly since the beginning of 2023. With sites like Zillow, Trulia, Redfin, etc., it's easy to get a rough estimate in just a few seconds. Almost a quarter of U.S. homeowners use online home-value calculators to get a preliminary estimate of what their home may be worth. These online tools are called automated valuation models (AVM) . While Baby Boomers are starting to use these tools much more frequently, Millenials and Gen X'ers are the major players with the AVMs.
If you're looking to get your home value then the…
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Sarasota County saw the 2nd highest level of sales in its history in April 2014, a total of 1,195 closed transactions. That figure was topped only once by the 1,223 sales reported in April 2004, just preceding the real estate boom that saw rapid price escalation.
Across the nation, new construction homes and existing home sales are strengthening and prices are continuing to rise, stoking confidence among observers of the housing market that a recovery is underway. Nationwide, sales of existing homes jumped 10.4% compared with the same month last year.  In step with the nationwide market, Sarasota Florida area home sales, which normally drop off during the summer months, remained strong in July with 699 closings, almost 17% higher than the level in July, 2011. The local July home sales included 523 single family homes and 176 condominium sales.
In the 2nd Quarter of 2012, the Sarasota real estate market achieved the highest level of sales in seven years. There were 2,604 home and condo sales from April through June. The 864 closed transactions in June alone represent the second highest number of home and condominium sales since September 2005.  The only higher point was in April of this year when sales were slightly higher at 886. As expected with the migration north of our snow birders, the number of pending sales (properties undercontract but not yet closed) dropped just slightly in June after four months in a row when pending sales topped 1,000.
Once again, Sarasota, Florida has earned top honors by being named the “Best Place to Retire in the Country”. This time the honor was given by the TopRetirements.com website.  John Brady, founder of that website pointed out that “the best retirement cities and towns in America have good weather, access to healthcare, low property taxes, and a certain “wow” factor. Sarasota has all of those qualities and more.