Sarasota, Florida Foreclosure Update
Posted May 29, 2009 @ 8:30 am, Viewed by 701 Visitors, Read 750 Times.
Foreclosure is the current buzz word in the real estate world. I get frequent requests from home buyers who want to only look for bank owned properties. While there are some tremendous values to be found in properties owned by banks those are not the only properties out there that are priced well. If you are only looking at foreclosures you are probably missing out on other great properties with realistic and motivated owners.
Sarasota Foreclosure Statistics since 1/1/2009
- 1,462 bank owned properties sold in Sarasota & Manatee counties
- 4,876 properties sold in Sarasota & Manatee counties
- Bank owned properties amount to 30% of total sales
- Longboat Key - 3 sales
- Siesta Key - 14 sales
- Lido Key - 2 sales
- Bird Key - 2 sales
- Casey Key - 0 sales
- Lakewood Ranch area - 43 sales
As you can see from the above statistics there are very few bank owned properties on the barrier islands. Many of the foreclosures are located in the south Sarasota county in North Port.
Sarasota Foreclosures For Sale
Below you will find the number of bank owned properties
- Sarasota county - 186
- Manatee county - 140
- Longboat Key - 1
- Lido Key - 0
- Casey Key - 0
- Bird Key - 2
- Siesta Key - 4
- Lakewood Ranch area - 13
- Downtown Sarasota - 4
All of the above statistics are pulled from our Mid-Florida MLS system. Please visit my Sarasota foreclosures to view bank owned and short sale properties for sale. This page is updated daily. If you want to search the entire market visit my Sarasota MLS listing search to view properties for sale. My site us updated every day with photographs, addresses, maps, descriptions and price.
Marc Rasmussen
Michael Saunders and Company
800-793-7340 Toll Free
941-812-6272 Cell Phone
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Social Bookmarking3 Responses to “Sarasota, Florida Foreclosure Update”
Derek Bauer
Marc,
Very well said, as I feel that way every day. In-fact, I met with some homeowners over the weekend who have a wonderful home that they are willing to sell at a reasonable price, which needs very little work. Contrary to what the media would lead folks to believe, there are tremendous values out there.
Derek Bauer - Associate Broker / Realtor
Real Estate One - Michigan
http://DoorToDreams.com
Bob
Nice Post,
Those statistics are crazy. In Canada there is definelty not the same kind of problem that is mounting in the United States. Many tows and cities are in fact still booming. In Alberta, the Edmonton region, inlcuding Fort Saskatchewan, property values are on the increase, and the recession is beginning to show signsof slowing down.
www.fort-saskatchewanrealestate.com
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I am a Realtor with Michael Saunders and Company servicing buyers and sellers in Sarasota, Florida as well as Siesta Key, Lido Key, Longboat Key, Bird Key, Casey Key and Lakewood Ranch.
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"I get frequent requests from home buyers who want to only look for bank owned properties. While there are some tremendous values to be found in properties owned by banks those are not the only properties out there that are priced well."
Well Said Marc... Some of our best recent deals out here in the Foreclosure Capital have been short sales and real live realistic sellers. While everybody is falling over themselves chasing after Bank Owned Homes that need work and getting in bidding wars, we've walked right in and have been getting short sales at much better prices and in much better shape.