Foreclosures & Short Sales 44% of all Sarasota closings in Feb 2010
Posted by Adam Robinson on Monday, March 8th, 2010 at 4:43pm.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 |
| |
Active | 328 (3%) | 1,166 (11%) | 1,507 (14%) | 10,858 |
| |
Pending | 243 (9%) | 1,473 (54%) | 1,716 (63%) | 2,742 |
| |
Sold | Bank Owned | Short Sales | All Foreclosures | All Sales | Certificate | Lis Pendis |
| Feb. 2010 | 150( | 142 | 292 (44%) | 669 | 257 | 788 |
| Jan. 2010 | 110(15.7%) | 121(17.3%) | 231(33%) | 699 | 197 | 599 |
Dec. 2009 | 123 (15.9%) | 158 (20.5%) | 281 (36.5%) | 770 | 535 | 725 |
Nov. 2009 | 96 (14.1%) | 149 (21.9%) | 245 (36%) | 679 | 169 | 722 |
Oct. 2009 | 122 (18.2%) | 136 (20.2%) | 258 (38.5%) | 670 | 150 | 714 |
Sept. 2009 | 128 (19%) | 150 (22.2%) | 278 (41.2%) | 674 | 194 | 693 |
August 2009 | 75 (13%) | 117 (20.3%) | 192 (33.4%) | 574 | 139 | 694 |
July 2009 | 111 (14.1%) | 118 (15%) | 229 (29.1%) | 786 | 101 | 933 |
June 2009 | 147 (18%) | 98 (12%) | 215 (26.3%) | 816 | 134 | 670 |
May 2009 | 201(25.3%) | 85 (10.7%) | 286 (36%) | 796 | 68 | 766 |
April 2009 | 242 (28.3%) | 65 (7.6%) | 307 (35.9%) | 856 | 99 | 862 |
March 2009 | 221 (29%) | 53 (7%) | 274 (36%) | 762 | 99 | 875 |
Feb. 2009 | 196 (32.2%) | 36 (5.9%) | 232 (38.1%) | 609 | 180 | 760 |
Jan. 2009 | 187 (36.2%) | 30 (5.8%) | 217 (42%) | 517 | 219 | 772 |
Dec. 2008 | 198 (28.5%) | 30 (4.3%) | 228 (32.8%) | 695 | 250 | 638 |
Nov. 2008 | 160 (32.8%) | 20 (4.1%) | 180 (36.9%) | 488 | 194 | 673 |
Oct. 2008 | 173 (29.6%) | 17 (2.9%) | 190 (32.5%) | 585 | 276 | 925 |
Adam Robinson, Broker
SarasotaForeclousres.com Inc.
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