Sarasota Foreclosure Stats
Posted by Marc Rasmussen on Monday, August 15th, 2011 at 10:13am.
Looking for a sweet deal in the Sarasota Florida real estate market? Below are foreclosure and short sales statistics I pulled from the Mid Florida MLS. For a current glimpse of what is for sale visit Sarasota foreclosures.
Sarasota Foreclosures
Below are sales statistics for Sarasota and Manatee counties from July 15th, 2011 to August 15th, 2011.
| Total Sales | Bank Owned/Foreclosures | % of Total Sales | Short Sales | % of Total Sales | |
| Sarasota County | 676 | 97 | 15% | 128 | 19% |
| Manatee County | 465 | 93 | 20% | 103 | 22% |
| Total | 1,141 | 190 | 17% | 231 | 20% |
Distressed properties account for 37% of the total sales. Considering where we were that is pretty good. If you look at this blog post - September 2010 Foreclosure Update - you will see that 50% of total sales in Sarasota county were distressed while 54% of total sales in Manatee were distressed. We continue to eat through our inventory.
Sarasota Foreclosures By Price
| Distressed Sales | % of Total Sales | ||
| $0 - $100,000 |
191 |
45% | 45% |
| $100,001 - $200,000 | 142 | 34% | 79% |
| $200,001 - $300,000 | 51 | 12% | 91% |
| $300,001 - $500,000 | 23 | 5% | 96% |
| $500,001 - $750,000 | 7 | 2% | 98% |
| Above $750,001 | 7 | 2% | 100% |
| Total | 421 | 100% |
Interesting to see that 96% of all distressed sales are under $500,000.
Siesta Key Foreclosures
- 34 total sales from July 15th, 2011 to August 15th, 2011
- 9 of those sales were either bank owned or short sales
- Siesta Key foreclosures for sale
Longboat Key Foreclosures
- 25 total sales from July 15th to August 15th, 2011
- 4 of those sales were either bank owned or short sales
- Longboat Key foreclosures for sale
Lido Key Foreclosures
- 3 total sales from July 15th to August 15th, 2011
- 0 distressed sales
- Lido Key foreclosures for sale
Bird Key Foreclosures
- 4 total sales from July 15th to August 15th, 2011
- 1 of those sales was a short sale
- Bird Key foreclosures for sale
Casey Key Foreclosures
- 5 total sales from July 15th to August 15th, 2011
- 0 distressed sales
- Casey Key foreclosures for sale
Lakewood Ranch Foreclosures
- 62 total sales from July 15th to August 15th, 2011
- 25 of those sales were either bank owned or short sales
- Lakewood Ranch foreclosures for sale
Give us a call at 941.812.6272 if we can help you buy or sell property in the Sarasota, Florida area.
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Marc,
Thanks for the foreclosure update - looks like our markets are very similar. Both foreclosures and short sales continue to drive the market.
Often, providing buyers with very good deals on primary, vacation and rental investments.
Best wishes as always.
Jennifer
Posted on Monday, August 15th, 2011 at 11:18am.