When you’re looking at real estate statistics, you may see both average and median sale prices. But what’s the difference?
Average Sale Price
The average is calculated by adding the sale prices of all the homes sold and dividing by the number of homes sold.
Median Sale Price
The median is the middle sale price. Half of the homes sold for more, and half sold for less.
Why Do Both Numbers Matter?
The average price can be influenced by a few very high- or low-priced sales. For example, a handful of luxury home sales can push the average higher.
The median price is less affected by those extremes and can provide a better picture of the price of a typical home sold in that market.
So, which number should you look at?
Both! Average and median prices tell you different things about the market, and looking at them together can give you a better understanding of what is happening.
And remember, real estate statistics can vary significantly by location, property type and price range. That’s why local market data matters.
Curious about what’s happening in the Sarasota market?
Call or text me at 941.993.3125 Larry Brzostek, CRS, CLHMS, ABR RE/MAX Alliance Group, Sarasota, FL
Florida continues to receive national recognition as a desirable place to live. According to WalletHub’s latest analysis, Florida ranked No. 10 among all 50 states in its list of the best states to live in.
The ranking looked at 51 different measures across five major categories, including affordability, economy, education and health, quality of life, and safety.
Florida’s Strongest Rankings
Florida’s strongest showing was in quality of life, where it ranked No. 3 nationally. The state also ranked well for safety and its economy.
Here’s how Florida ranked in each category:
Quality of Life: No. 3
Safety: No. 11
Economy: No. 17
Education & Health: No. 24
Affordability: No. 32
Affordability remains one of Florida’s challenges. WalletHub ranked Florida fourth-highest nationally for housing costs, behind Nevada, Hawaii and California.
Still, Florida finished in the overall top 10, with its strong quality-of-life and safety scores helping to offset its higher housing costs.
Looking Beyond Housing Costs
When considering a move to Florida, housing costs are certainly an important part of the decision. But they are only one piece of the picture.
WalletHub’s analysis also considered factors such as income growth, job availability, education, hospital quality and safety. Looking at these broader measures can provide a better understanding of what life is like in a state beyond the cost of buying or renting a home.
For anyone considering a move, the right decision ultimately depends on your individual priorities, budget and lifestyle.
And here in Sarasota, the opportunity to live, work and enjoy the Florida lifestyle is an important part of what attracts people to our area.
Thinking about a move to Sarasota or another part of Florida? I’m happy to help you learn more about the communities, housing options and lifestyle that may be a good fit for you.
Source: WalletHub, 2026 Best States to Live In analysis. Information originally reported by Florida Realtors®.
Top 6 Appliances to Upgrade Before Selling your Home
50% of homeowners surveyed said they would upgrade their current appliances before selling to increase their home’s value. Homeowners believe that replacing their appliances would increase the value of their homes by nearly $14k.
Top 6 appliances to upgrade before selling:
Air conditioner
Dishwasher
Water heater
Oven
Washing machine
Refrigerator
Source: Realtor® Magazine, Cinch Home Services
Have a Great Day!
As always, for all your Real Estate needs in the Sarasota Area Call or Text Larry @ 941-993-3125 or Go to Larry’s RE/MAX Site and search all you like LarrySellsSarasota.com
Location! Location! Location! Sarasota, Florida is accessible, close to airports and major highways. It is one of the most beautiful locations in the USA. Magnificent Beaches, Arts and Entertainment are all here in this Paradise on the Gulf Coast!
I’m Larry Brzostek a Broker/Associate with Re/MAX Alliance Group and I will guide you through the process.
Types of Property A second home can be a single family home, a condominium or a multifamily with 2 or more units (adding the possibility of rental income Each type of property has its own pros and cons. Consider carefully how you will use the property. If you like to work on your home, choose a single or multi-family. If you prefer all maintenance to be done for you, then a condominium with a monthly maintenance fee Deciding what you like and how you will use it should give you direction in your search.
Consider how you’ll use the home. Will it just be for family and friends, or do you plan to rent it as well? And realistically, how many times will you use it per year?
Evaluate locations. Are there enough amenities and attractions to keep you – and renters – coming back year after year? Local building and zoning codes should be investigated. Are they restrictive or nonexistent? Does the property conform to the codes and can the property be rebuilt in event of damage. These are important questions.
Availability and Inventory In this fast changing Real Estate Market it is important to know what homes are available. Its is also important to Get prequalified (a loan approval for a certain dollar based on finding an acceptable property) cuts down on the closing time.
Negotiating Once you have found the property that suits your needs, negotiating the transaction can make it yours. The more questions you ask (and get answers to) the more able you are to sketch out an offer that will be acceptable to the seller. Every real estate transaction has 3 elements – Price, Terms. and Conditions. Neither buyer nor seller always gets all three. For example, a buyer willing to meet the seller’s price might want concessions on the terms (ex. large mortgage contingency, later closing) and/or conditions (repairs to property, extra items included). How long a property is on the market is not confidential and may give you some insight to make a win-win proposal for both parties.
Financing and Tax Considerations Talk to your accountant or financial advisor This person can advise you on such issues as the tax implications of rental income (should you decide to rent your property and changes in Federal tax laws that could impact deductions.
Working with an Agent I am a professional Real Estate agent and make my living marketing and selling properties.
Knowledge: Knowing the Comps (comparable properties that are listed and more importantly, comparable properties that have recently sold) can be critical in your decision on the offer you make on the property.
Experience: I’ve been selling second homes and vacation properties since 1986 starting on Long Beach Island, NJ and Here in Sarasota, FL since 2005.
Dependability: I am always available to meet the needs of my clients No location or town is perfect; a successful agent knows the pluses and minuses of the area. A good agent can help you find your dream house; a great agent can make it a pleasure!
Service: Expect outstanding service and GET IT!
Check out my website LarrySellsSarasota.com Look around you can search for properties and find more information about Sarasota and much more
CONGRATULATIONS! You are a Second Home Owner
For more information Call or Text me @941-993-3125
