What areas are selling foreclosures?

Adam Robinson

Tuesday, July 20th, 2010 at 1:16pm. 181 Views, 0 Comments.

The chart below shows the number of closed sales for each area, this data is for the first six of 2010.

The data is from the Mid Florida Multiple Listing Service. If a property was listed with a city as an address it is included below.  This is regardlss if the proeprty is actually with in the city limits.  For instance all properties with a "Sarasota" address are included in "Sarasota".  This is whether or not the property is within the city limits.  (Siesta Key data is all properties in the zip code "34242")

Sales by City from Jan. 1, 2010 - June 30, 2010

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SAR announces 27% increase in Sales - Is it accurate?

Adam Robinson

Thursday, July 15th, 2010 at 3:29pm. 137 Views, 1 Comments.

Non-foreclosure sales stagnant while foreclosures soar

Today the Sarasota Association of Realtors (SAR) released statistics for June 2010 sales.  As I expected the headline was sales are up (27.2 %) compared to June 2009.  Understandably, SAR always tries to put a positive spin on monthly statistics.

SAR reported; "Property sales in June 2010 in the Sarasota market once again topped the 700 mark, with 776 total sales - once again the highest of the year and the highest total since December 2005 when 784 properties were sold. The figure of 776 sales topped the May 2010 total of 766, the previous high, and was 27.2 percent higher than June 2009, when only 610 homes and condos sold." 

I checked MLS for all of Sarasota county, all sales, and came up…

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55% of Sarasota Sales Contracts in June Foreclosures

Adam Robinson

Wednesday, July 7th, 2010 at 11:12am. 199 Views, 0 Comments.

This month I decided to pull a new statistic.   Since many short sales take several months to close I have decided to start tracking the number of properties that go pending each month.   This is in addition to tracking the number of total pendings and closings each month.  

In  Sarasota County from June 1 to June 30th there were a 894 properties that went under contract (pending), 493 or 55% of these were short sales or bank owned.   Of the properties that actually closed (sold) in June 2010, 392 or 40.4% of the total 970 closings were foreclosures of some type.

At first glance the increase in the number of total closings for Sarasota County in June 2010 (970) from June 2009 (816) is impressive.  However, a little scrutiny shows this increase to…

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Sarasota County Foreclosure Filings decrease for Third Month

Adam Robinson

Friday, June 4th, 2010 at 10:48am. 167 Views, 0 Comments.

"Only" 419 New Sarasota County Foreclosure filings in May 2010 

Foreclosure filings continued to decrease in Sarasota Ciounty for the third month in May 2010.   The number of Lis Pendis Reported was lower again, hovering near 420 properties.  The total number of properties on the market remained about the same, but the number of bank owned homes for sale increased to over 400 for the first time.   
The number of certificates of tltle, which is when the lender actually reposses a property, decreaseed in May after incresing in April and March.

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Sarasota County using federally provided Neighborhood Stabilization Program funds

Wednesday, June 2nd, 2010 at 12:54pm. 152 Views, 0 Comments.

Sarasota County seems to be using federally provided Neighborhood Stabilization Program funds wisely. On Saturday, the most recently completed project house was unveiled in North Port.

Although the main goal of these project houses is to provide a housing opportunity to low income families, this South County home is also an exercise in "green" building. The house located at 1352 Hartsdale St. in North Port, was purchased in foreclosure for $75,753 by several groups including The Community Housing Trust, Florida House, and the Florida Solar Energy Center. The retrofit, tackled by around 30 contractors, came to a total of $49,000. Through the application of passive green building techniques, the home was brought up to code, while lowering the total energy…

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April 2010 Sarasota Foreclosure Report

Adam Robinson

Wednesday, May 12th, 2010 at 10:57am. 225 Views, 0 Comments.

New Sarasota Foreclosures remain under 500

Sarasota's property market appears to be stabilizing after 4 years of decline. Home prices for Sarasota-Bradenton and Charlotte County-North Port are up 8% compared to last year's first quarter. Although prices continue to drop, the rate of property deflation has decreased, which should be a good sign for things to come.

Home sales in the state of Florida are also up from last year. Statewide, 38,846 homes were sold, which is an increase of 24% over last year's first quarter sales. The National Association of Realtors' reports a national price increase in 40% of cities from the fourth quarter. Although Sarasota's prices are actually slightly lower in this quarter than last year's fourth, this paints an…

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March Sarasota County Foreclosure drop to lowest number since Sept. 2007

Adam Robinson

Tuesday, April 6th, 2010 at 9:58am. 289 Views, 1 Comments.

March Lis Pendis filings under 500

When I posted the sales and foreclosure filings for Sarasota County last week I noticed a huge dropn in the number of Lis Pendis filed.   I pull these numbers from the Sarasota Clerks website every month on the second or third.  I was very optimistic, but waited cautiosly to see if there would more filings recorded after the holiday weekend. 
The number of recorded Lis Pendis, for the month of March, in Sarasota County, has not changed since the second,so I can believe that 456 Lis Pendis filings for Sarasota County is an accurate number for March 2010. 

There have been more than 500 Lis Pendis filed on properties in Sarasota County every month since Sept. 2007. With 456 Lis Pendis recorded in March 2010 this is the…

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Sarasasota Foreclosure and Sales Statistics March 2010

Adam Robinson

Friday, April 2nd, 2010 at 11:51am. 213 Views, 1 Comments.

Sarasasota Foreclosure and Sales Statistics March 2010

Sales increases, new foreclosures decrease!

Last month showed some very encouraging news toward the stabilization of the Sarasota real estate market.
The number of foreclosure filings (Lis Pendis) dropped significantly.  In fact at 456 Lis Pendis for March of 2010, this is the lowest number in over 18 months.  Possible many were filed the last day and are not yet online.  However, I am posting these figure as there filings online from the 31st.

•  983 Sales in March 2010 a 29% increase from 762 sales in March 2009

• 456 LP in March 2010 a 52% decrease from 875 LP in March 2009

• 366 COT in March 2010 a 369% increase from 99 COT in  March 2009

• More "Short Sale" closings than "REO/Bank Owned"…

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Foreclosure Activity in Sarasota County strongest in North

Adam Robinson

Thursday, March 11th, 2010 at 9:22am. 146 Views, 0 Comments.

Sarasota County Foreclosure Activity

North Port no longer the highest area of Sarasota County Foreclosures

A common mis-perception is that the majority of foreclosure activity in Sarasota County is in the south end of the county in the North Port Area.  The graph below (generated from Realty Trac) shows that the majority of Sarasota Clounty foreclosure activity is in Sarasota.  

This graph shows all new foreclosure activity in Sarasota County  for Feb. 2010., including new lis pendis filings, foreclosure auction notices, and actual bank repossesions. 

The highest activity was with residences with a Sarasota mailing address.

Currently in all of Sarasota County there are about 250 bank owned proeprties for sale, these include properties…

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Foreclosures & Short Sales 44% of all Sarasota closings in Feb 2010

Adam Robinson

Monday, March 8th, 2010 at 4:43pm. 141 Views, 0 Comments.

Foreclosures Increase in February 2010

Foreclosure activity remained strong for the second month of 2010 in Sarasota County.  As I predicted last month bank owned closings surpassed short sale cloings for the first time in seven months. 

• In February 2010 there were 669 properties closed in Sarasota County(reported ion the MLS)
• 150 closings were bank owned (REO) properties in Sarasota County(reported ion the MLS)
• 142 closings were short sales in Sarasota County(reported ion the MLS)           

The number of new listings in February increased by 13% from 9,606 properties in January 2010 to 10,858 in February 2010. 

 Sarasota County Foreclosure Statistics

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