Sarasota Foreclosures - How Much Discount?
Posted by Marc Rasmussen on Monday, November 8th, 2010 at 8:33am.Foreclosures and short sales are the main buzz words in real estate today. Buyers are looking to find a sweet deal in these distressed properties. Below I pulled all of the REO/Bank owned sales in Sarasota and Bradenton for the last 30 days. I went as far north as the Manatee river and as far south as Venice. I wanted to exclude North Port where there is a high concentration of foreclosures and short sales.
| Address | List Price | Sales Price | SP/LP | |||
| 7652 PLANTATION CIR # B | 108,000 | |
105,950 | 98.10% | ||
| 3650 POND VIEW LN | 109,900 | |
109,000 | |
99.18% | |
| 4073 ARROW AVE | 109,900 | 105,000 | 95.54% | |||
| 4163 WAIKIKI DR | 110,000 | 110,000 | 100.00% | |||
| 8412 CYPRESS LAKE CIR | 114,800 | 109,100 | 95.03% | |||
| 2316 ADMIRAL WAY | 115,000 | 113,000 | 98.26% | |||
| 5634 29TH STREET E CIR | 119,900 | 111,000 | 92.58% | |||
| 5290 HYLAND HILLS AVE # 1912 | 120,955 | 115,000 | 95.08% | |||
| 1011 77TH NW ST | 126,900 | 128,000 | 100.87% | |||
| 1943 COUNTRY MEADOWS WAY | 129,800 | 129,800 | 100.00% | |||
| 5220 HYLAND HILLS AVE # 1215 | 133,900 | 132,000 | 98.58% | |||
| 600 GARDENS EDGE DR # 624 | 137,500 | 137,500 | 100.00% | |||
| 449 GOLDEN GATE PT # A | 137,900 | 137,900 | 100.00% | |||
| 3216 77TH E DR # 3216 | 139,000 | 135,000 | 97.12% | |||
| 3815 78TH AVENUE CIR E | 139,900 | 135,000 | 96.50% | |||
| 4358 EDINBRIDGE CIR # 8 | 139,900 | 133,000 | 95.07% | |||
| 8753 MONTEREY BAY LOOP | 145,000 | 148,000 | 102.07% | |||
| 707 UPPER MANATEE RIVER NE RD |
149,000 | 135,000 | 90.60% | |||
| 8345 MIRAMAR WAY | 149,900 | 156,000 | 104.07% | |||
| 7209 FOUNTAIN PALM CIR # 7209 | 149,900 | 142,000 | 94.73% | |||
| 1840 HYDE PARK ST | 149,900 | 145,000 | 96.73% | |||
| 7101 JAVA DR | 151,000 | 145,000 | 96.03% | |||
| 5314 15TH W AVE | 156,420 | 156,420 | 100.00% | |||
| 3110 PINE ST | 159,900 | 119,047 | 74.45% | |||
| 1255 TARPON CENTER DR # 204 | 174,500 | 160,000 | 91.69% | |||
| 3792 ASTER DR | 174,900 | 175,000 | 100.06% | |||
| 111 3RD S ST | 179,455 | 170,500 | 95.01% | |||
| 7918 INDIGO RIDGE TER | 190,000 | 187,500 | 98.68% | |||
| 7252 CLARK RD | 199,900 | 195,000 | 97.55% | |||
| 448 PALMETTO CT # 1 | 209,000 | 177,000 | 84.69% | |||
| 1403 SEAFARER DR | 209,900 | 170,000 | 80.99% | |||
| 919 RIVER BASIN CT # 201C | 215,900 | 205,000 | 94.95% | |||
| 6634 63RD E TER | 219,900 | 210,000 | 95.50% | |||
| 3904 W BAYSIDE CT | 220,000 | 195,000 | 88.64% | |||
| 4042 E 65TH E PL | 235,900 | 220,000 | 93.26% | |||
| 5200 GULF DR # 307 | 239,900 | 235,000 | 97.96% | |||
| 2011 CALUSA LAKES BLVD | 241,900 | 242,000 | 100.04% | |||
| 7465 PALMER GLEN CIR | 245,900 | 255,500 | 103.90% | |||
| 5265 GULF OF MEXICO DR # 303 | 249,900 | 245,000 | 98.04% | |||
| 2302 VINTAGE ST | 262,900 | 250,000 | 95.09% | |||
| 303 22ND N ST | 266,400 | 260,000 | 97.60% | |||
| 1124 WESTERN PINE CIR | 271,600 | 261,000 | 96.10% | |||
| 1245 FRASER PINE BLVD | 288,000 | 280,000 | 97.22% | |||
| 9441 HAWKSMOOR LN | 299,900 | 235,000 | 78.36% | |||
| 10150 Glenmore Ave | 313,500 | 280,000 | 89.31% | |||
| 4115 RIVERVIEW BLVD | 349,900 | 345,000 | 98.60% | |||
| 7937 OAK GROVE CIR | 365,000 | 270,000 | 73.97% | |||
| 1805 ORCHID ST | 483,817 | 430,000 | 88.88% | |||
| 7318 CHATSWORTH CT | 669,900 | 659,000 | 98.37% | |||
| 557 FORE DR | 875,000 | 820,000 | 93.71% | |||
| 1835 LINCOLN DR | 989,000 | 922,000 | 93.23% | |||
| 559 BOB HOPE DR | 1,490,000 | 1,000,000 | 67.11% | |||
| Average | 94.41% | |||||
On average, these bank owned properties sold for 94.41% of the list price. I think many people have the misconception that they will get 30%-40% off the list price. Visit Sarasota foreclosures to view bank owned and short sales in Sarasota, Longboat Key, Lido Key, Bird Key, Casey Key, Siesta Key, Bradenton, Venice and Lakewood Ranch.
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