FEWER HOMES IN FORECLOSURE IN THE SARASOTA REAL ESTATE MARKET
Posted by Bryan Guentner on Wednesday, August 4th, 2010 at 1:42pm.Foreclosure filings in the Sarasota real estate market during the first six months of the year fell by 10 percent from the latter half of 2009. The report by RealtyTrac Inc. was the latest in a series of signs that the foreclosure crisis could be ebbing in Southwest Florida.
The Sarasota real estate market logged 10,359 foreclosure filings, or 2.65 percent of all the housing units in the area. That was down from the 5.26 percent of homes and condominiums during all of 2009 that made the region 17th nationally.
There has been strong demand in Southwest Florida for distressed properties, and many of those in the best condition already have been snatched up by first-time buyers or investors looking for bargains.
Nine Florida markets included in the RealtyTrac list had higher rates of foreclosures as a percentage of their total housing stock than the Sarasota real estate market.
This information is from the Sarasota Herald Tribune.
Don't forget to contact Re/Max Platinum Realty at 941-929-9090 for your needs in Sarasota real estate, as well as your needs for Siesta Key real estate and Casey Key real estate.
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