August 2023 Newsletter

The Anderson Group August Highlights

August, a month synonymous with warmth, adventure, and a vibrant energy, has arrived with its unique charm and allure. As the sun-soaked days stretch on, August offers us the perfect opportunity to slow down, bask in the warmth, and appreciate the simple pleasures that life has to offer us. As always, we have curated a collection of recommended reads, thought-provoking articles, and noteworthy resources to expand your knowledge ands stimulate your curiosity.
 
Happy reading!

Real Estate Snapshot

While interest rates have hit a 20 year high and some national markets are softening, the Sarasota Real Estate Market continues to show resilience as we enter August. Average Days on Market for condos and single family homes hit 45%, which is significantly higher than last year, but only about 50% of the typical 90 day average in years past. Average sales prices have plateaued, but are not receding as many had expected. Sarasota remains one of the top destinations for homebuyers relocating from out of state to Florida and within Florida. A huge factor in keeping prices high is low inventory. The Sarasota market has roughly 60% of the normal inventory for the end of July. A big contributor to the lack of inventory is owners who may be interested in selling, but are reluctant to purchase a new home with today's high interest rates. Another development is the re-emergence of the Home Sale Contingency. In a hot sellers market, it was nearly impossible to compete against other buyers if you still had to sell your home in order to purchase a new one. Many sellers refused to entertain any contingencies during the last few years. As the market balances back to a more neutral environment, sellers are having to consider this risk when reviewing an offer. Buyers are having to make the rest of their offer very appealing, but we have had success recently advising a couple of buyer clients to get their offers get accepted. For more information about today's market and your real estate needs, contact The Anderson Group, we look forward to connecting with you!

CHECK OUT OUR NEW VIDEO

Lifestyle Tips and Tricks

Selling Your House? 
Check Your Feelings at the Door

Selling your home can be a very emotional decision because this is where many milestones in your life occurred. Perhaps it was your very first home, or the first home you bought with your significant other. And if you’ve lovingly and painstakingly made renovations and upgrades, the home may hold even more significance. However, when you decide to put your home on the market, it's best to keep your feelings in check.
 
Courtesy of Forbes

The Best Paint Colors for Every Room

Paint colors matter. They convey a mood and a sense of style and can define a space.
Courtesy of US News

9 Contemporary Interior Design Tips You Haven't Heard Before

Current contemporary spaces have an easy, warm feel to them. Far from formulaic, they can be eclectic or even fun.
Courtesy of Forbes

Are You Prepared?

Hurricanes are something that we, too often, don’t think about until they are bearing down on us. We rush to the grocery stores and gas stations to find lines around the block and empty shelves. Then, it becomes a race against the clock for the safety of you and your loved ones. Luckily you can avoid these major issues by preparing a simple hurricane kit before the beginning of each season. Make sure all of these items are in your home, before it becomes an emergency. Finally, be mindful of keeping your gas tank full during hurricane season and plan your evacuation route ahead of time, taking pets into consideration. If possible, make a trial run.
 
 
Extra batteries
Candles or lamps with fuel
Matches and lighters
Materials and tools for emergency home repairs
Prescription drugs and medications
A three-day supply of drinking water - 1 gallon per person
A three-day supply of non-perishable food
First aid supplies
Copies of all personal documents
A portable NOAA weather radio
A wrench and other basic tools
A flashlight
Pet supplies and baby supplies, if applicable

Protecting Your Home

Hurricane readiness extends beyond having a hurricane kit; t
he best time to start preparing your home for a hurricane is before the threat is imminent.
Have you taken all precautionary measures to protect one of your largest financial assets?
 
Create a home inventory of your belongings for insurance purposes
Check your homeowner's policy limit
Ensure you have a flood policy (90% of hurricanes include some form of flooding, which is not covered by general homeowner's insurance)
Cut weak branches or trees hanging above your home
Check to see if your windows and doors are hurricane-proof
Check to see if your garage is certified for wind pressure and impact protection
Purchase hurricane shutters ahead of time and have someone on speed dial to install them
Purchase sand bags to alleviate any flooding
Consider purchasing a generator for long-term outages
Clean gutters
If a threat is imminent, bring outdoor furniture inside, which could turn into projectiles

Local Events

Summer Circus Spectacular

August 1st - 12th
The Ringling
5401 Bay Shore Road Sarasota, FL 34243

The Circus Arts Conservatory and The Ringling are happy to partner once again to present the Summer Circus Spectacular featuring some of the finest circus artists from around the world, performing acts to thrill audiences of all ages.
 
Courtesy of Ringling.org

2023 Sarasota Slam

August 4th - 12th
Marina Jack
Marina Jack Sarasota, FL 34236

The 2023 Sarasota Slam with Billfish, Offshore, Inshore and Junior Angler Divisions. The Weigh In is open to the general public on August 12th and will be from 11a.m. - 4 p.m. at Marina Jacks in downtown Sarasota, with a 3:00 p.m. Dockside BBQ & Party. Following the Weigh In and party will be the Awards Ceremony. Marina Jack is home base for the tournament, Bayfront, downtown Sarasota, FL.
 
Courtesy of Sarasotaslam.com

Bourbon & Brushes

August 17th
Art Ovation
1255 N Palm Ave, Sarasota, FL 34236

Grab a glass and a paintbrush! Taste a variety of Bourbons while creating a painting in simple steps. Smell the aroma, enjoy the experience of a bourbon tasting and make a masterpiece with guided instruction. Enjoy charcuterie alongside the fun you'll engage in!
 
Courtesy of Facebook

Local Business Highlight

Der Dutchman Restaurant
3713 Bahia Vista St
Sarasota, FL 34232-2409

An old tradition in a new setting since 1969. Der Dutchman serves traditional Amish family and buffet-style meals, scrumptious bakery pastries and more than 20 types of pies. Second floor gift shop.

Visit Now

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Reach out to chat!

The Anderson Group

 
DIANNE ANDERSON
Real Estate Advisor
Team Leader
M: 941.350.3513
[email protected]
 
MATT SMITH
Real Estate Advisor
M: 415.828.4900
[email protected]

Compass is a licensed real estate broker. All material is intended for informational purposes only and is compiled from sources deemed reliable but is subject to errors, omissions, changes in price, condition, sale, or withdrawal without notice. No statement is made as to the accuracy of any description or measurements (including square footage). This is not intended to solicit property already listed. No financial or legal advice provided. Equal Housing Opportunity. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.

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