March 2010

There are 2 blog entries for March 2010.

Foreclosure Activity in Sarasota County strongest in North

Thursday, March 11th, 2010 at 9:22am. 276 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.  

 sarasota_foreclosure_activity_feb2010_629


 

 

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

Monday, March 8th, 2010 at 4:43pm. 277 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

 Feb. 2 2010

 Bank Owned

 Short Sales

All Foreclosures

Total 

 

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