Sarasota County 
Statistics on Sarasota County Foreclosure filings and sales
There are currently 34 blog entries related to this category.
Congressman Okay with "Short Sales"
Monday, July 25th, 2011 at 11:45am. 4034 Views, 0 Comments.
A commercial office building located at 130 N. Tamiami Tr. was the subject of a settled eviction suit in the Sarasota Herald Tribune last week. The article said that Congressman Buchanan was the general partner for the LLC that owned the building. This weekend while I was working on a new commercial foreclosure web page I noticed this property is listed as a "short sale". In fact the tax records show Congressman Buchanan's signature on the mortgage recorded Feb. 13, 2003.
This property was listed as a "short sale" with James Buchanan Realty for $2,290,000 on May 11, 2011. (MLS # A3943229) The public remarks of the listing in the MLS begin with "Short Sale" and the listing has standard "short sale" disclaimers stating "Listing price may not be…
Junes Sales drop in Sarasota, Manatee, & Charlotte Counties
Wednesday, July 6th, 2011 at 9:56am. 2266 Views, 0 Comments.
Foreclosure declines largest
Sales results in Sarasota, Manatee, and Charlotte Counties for June 2011 have just been compiled. The total sales in each county decreased significantly for June 2011 compared to June 2010. For the month of June 2011 (compareed to June 2010) sales decreased 10.2% in Sarasota County, 13.6% in Manatee County and 3.9% in Charlotte County.
For the year to date, sales are still up 2.4% in Sarasota County, 9.3% in Manatee County, and 9.6% in Charlotte County. For the combined tri-county region, although sales were down 9.8% for June, sales are still up 6.2% in the first half of 2011 compared to the first hald of 2010.
Sales of all property types decreased except for non-distressed sales in Sarasota County and Charlotte…
May 2011 Sales show smaller Increase due to less Short Sales Closings
Sunday, June 12th, 2011 at 9:35pm. 1585 Views, 0 Comments.
Short Sales continue to decline
In May 2011 property sales in Sarasota, Manatee, and Charlotte Counties contiued to improve over 2010. However, the continued decline in short sales brought the tri-county year to date increase down to just 3% compared to 2010. REO/Bank owned sales while still up for the year where down significantly in May 2011 in both Sarasota and Manatee counties. Only Charlotte county showed an increase in bank owned sales comparing May 2010 to May 2011.
The chart below compares May 2010 to May 2011, and 2010 vs 2011 year to date (through May 31) closings. Total sales in the tri-county area up 3% over 2010. The good news in this report is that non-distressed sales were the only segment of the market that showed increases for…
Sarasota County Sales Increase As Short Sales, Inventory & Pendings to Continue Drop
Wednesday, June 8th, 2011 at 2:34pm. 981 Views, 0 Comments.
May 2010 VS. May 2011
Sarasota County Real Estate Sales increased for bank owned foreclosures and non-distressed sales, as short sales closings continued to decline in 2011. Pending Sales are down a total of 9.5% from the end of May 2010, while inventories are down 12.6%.
The biggest drop in inventories come from the decreased number of short sales and bank owned properties. The inventory of non-distressed properties is down only 4.1%, short sales and bank owned foreclosure inventories are down 23.8% each.
Pending sales in Sarasota County, a good indication of future, are down 9.5% from last year. On June 2, 2010 there were a total of 2,576 pending sales in Sarasota County, 897 were not distressed, 279 were bank owned and 1400 short sales. On…
First Quarter Foreclosure Sales Increase Dramatically over 2010
Thursday, May 26th, 2011 at 10:52am. 900 Views, 0 Comments.
Bank Owned Sales Up Short Sales Down in First Quarter
Below is a chart comparing the number of sales, bank owned foreclosure sales, short sales, and non-disttressed sale in Sarasota, Manatee, and Charlotte counties. The time period for this data was the first quarter of 2010 to the first quarter of 2011, 1/1/10-3/31/10 compared to 1/1/11 - 3/31/11. The source of the data is the My Florida Regional Multiple Listing Service.
While sales were up as a whole in all three counties the from first quarter of 2010 to the first quarter of 2011, the majority of the increases came in bank owned properties. Saraosta County had an almsot identical percentage of distressed saled in the first quarter of 2010 and 2011. In 2010 40% of the first quarter sales were…
Is "North Port is dragging down Sarasota County prices"???
Wednesday, March 16th, 2011 at 5:24pm. 1263 Views, 0 Comments.
Prices at or below 2001
There has been a little uproar in the Sarasota Herald's Inside Real Estate about an article they title, "North Port is dragging down Sarasota County prices". Some of the readers were bothered by the head line others by the content. First let me start out by commenting on the headline. I thought it was a little ridiculous myself. I know the person who writes the story doesn't is often not the same person that writes the headline. So lets get upset with the author for a headline that he may not have written. I thought that the headline, and much of the content just stated the obvious, prices are lower in North Port and the south end of Sarasota County in general.
I don't believe much of what I read anywhere with out…
Sarasota 2010 Price Analysis - Foreclosures, Short, & Traditional Sales
Saturday, February 12th, 2011 at 5:34pm. 1240 Views, 0 Comments.
Foreclosures dominate lower price ranges
Short Sales more likely on high end
I just ran some statisitics on what price ranges had the most distressed sales in 2010. The lower the price range the higher the percentage of distressed sales. There were some peaks such as the $700,000 - $799,999 price range, which had 20% of the sales as short or bank owned. For the year 42% of all residential sales were distressed, short sales or bank owned REO's. As the price ranges increased there was a greater percentage of short sales than bank owned REO's.
These Stats are for residential property in Sarasota County Sold from 1/1/2010 - 12/31/2010.
Sarasota County Short Sale buyers save 37%/Sq. Ft.
Monday, January 24th, 2011 at 11:23am. 378 Views, 0 Comments.
Short sale buyers get best deals in 2010
I just ran some stats on 2010, residential sales in Sarasota Ciounty. In 2010, short sales buyers were rewarded for their patience of enduring a short sale by gettting the best deals on residential homes. Short Sale buyers saved an average of 37% or $56/sq.ft. compared to buyers of non-distressed proeprties in Sarasota County in 2010. Buyers of REO/Bank Owned properteis paid an average of $119.54/sq.ft.
In Sarasota County in 2010 there were a total of 8934 residential sales. Although, the bank owned properties sold faster and for haigher percentage of of the listed (asking price), they were not the best deals based on the average cost per square foot.
5,174 of these sales were non-distressed sales or…
Foreclosures affect the Highest $$ December Sales in Sarasota
Tuesday, January 18th, 2011 at 1:47pm. 604 Views, 2 Comments.
Four of the Ten Sales Identified
Today the Sarasota Herald Tribune ran an article (sorry I forgot the link earlier) about the top ten luxury sales in Sarasota County for December 2010. I was curious how many of these were distressed or foreclosure sales. So I looked them all up in the Sarasota County tax records. Four of the ten sales were short sales or the result of a foreclosure sale. This is not too far off the percentage of all properties sold which were ditressed sales in December 2010. However, these higher end properties are often not advertised or identified as distressed or foreclosures.
Here is the information on the 4 luxury sales in December that were identified.
4141 HIGEL AVE, Siesta Key: This property previously sold in Feb. …
Dec Sales UP in SarasotaCounty
Saturday, January 15th, 2011 at 4:05pm. 405 Views, 0 Comments.
Sarasota County Real Estate Sales up for the December but flat for 2010
Sales in December 2010 were strong compared to Nov. in Sarasota County. There were a total of 797 sales reported in the MFR MLS in Sarasota Conty in December 2010. This is up 30% from the 615 sales in Nov. 2010 but only a 3% increase from Dec. 2010.
|
Jan. 1 2011 |
Bank Owned |
Short Sales |
All Foreclosures |
Trad. Sales |
All Listings |
|
Active |
499 (5.3%) |
1147 (12.3%) |
1646 (17.7%) |
7632 (82%) |
9278 |
|
Pending |
319 (16.3%) |
1064 (54.5%) |
1383 (71%) |
567 (29%) |
1950 |
|
Pended 12/10 |
248 (27%) |
237 (26%) |
485 (53%) |
431(47%) |
916 |
|
SOLD / Closed |
Bank Owned |
Short Sales |
All Foreclosures |
All Sales | |
| Dec.… |
Sarasota & Manatee Sales up as Charlotte's Decline
Bank Owned sales continue to decline All Sarasota County real estate sales increased by more than 11% in Jul...
4 Comments Read MoreCongressman Okay with "Short Sales"
A commercial office building located at 130 N. Tamiami Tr. was the subject of a settled eviction suit in the Sarasota Herald...
1 Comment Read MoreJunes Sales drop in Sarasota, Manatee, & Charlotte Counties
Foreclosure declines largestSales results in Sarasota, Manatee, and Charlotte Counties for June 2011 have just been...
3 Comments Read More
