Longboat Key, Florida Foreclosures

I receive the occasional email or call from someone looking for a foreclosure on Longboat Key. If there was ever a time to look for one it would be now. You are almost silly not to inquire about them. However, when you do a search in the MLS for them you won't see a plethora of them. Take the Lakewood Ranch area for example. There are 356 properties for sale in that area. 100 of those properties are short sales and 18 of them are bank owned. You don't see those numbers in the Longboat Key market. Visit Longboat Key foreclosures to view bank owned and short sales currently for sale. Below are some statistics:

Longboat Key Foreclosure Sales

As you can see the bank owned and short sale activity on Longboat Key is pretty meager. The bank owned sales are pretty consistent however there are a few more short sale properties sold in 2010.

A good portion of the buyers today and in the past on Longboat Key purchase with no debt. Of course, you see mortgages however they are a lower percentage of the total sales than other segments of the Sarasota real estate market.

Longboat Key Foreclosures For Sale

• 619 properties currently for sale
• 10 bank owned properties for sale
• 40 short sale properties for sale

If you are a buyer for Longboat Key, Florida you can find a foreclosure or short sale. However, it appears that you can't be that picky. If you have very specific tastes you should look at all properties for sale. There are aggressive sellers out there who are not in foreclosure.

If I can help you buy or sell a property in the Sarasota area give me a call at 941.812.6272.