Sarasota - Where are the REO's and SHORT SALES?

Another month, another dip in the number of properties for sale in the greater Sarasota area. Back in March we were at 2812 total listings (including all condos and single family homes). The number as of today is 1999. Down almost 29%! But the big story to me is the continuing drop in distressed ...

The pundits continue to predict the onslaught of foreclosures and short sales but the facts continue to dispute their predictions. My seven month analysis of the Sarasota real estate market shows bank-owned properties ("REO'S) staying steady and short sales declining significantly.The low number ...

Just happened again today! Got a call from a client of mine who had just heard on the national news that "lots of foreclosures" are coming. So did I think prices were going to fall in Sarasota. (This client is looking for a 2 to 3 bedroom home with a pool for under $200,000).I told him what I tel...

Sarasota Property sales up 8.2 percent for full year 2011; prices stable For the full year 2011, property sales of members of the Sarasota Association of Realtors® jumped by 8.2 percent to 8,224, achieving the highest level since 2005. The surge in sales was accompanied by stabilization in the me...