SRQ Gets Real

Distressed Sales Still Low in Sarasota

Questions still remain nationally around an anticipated flood of distressed sales, but in Sarasota, the numbers remain low.

There continues to be speculation about the forthcoming flood of short sales and foreclosures nationally, but in Sarasota the numbers remain low, about 18% for distressed property sales. Foreclosures are still mostly in the under $200,000 price point, but there is one jaw-droppingly gorgeous waterfront REO on the market at $5.9 million. The property at 290 N. Washington has five bedrooms, four full baths, two half baths in 6,640 square feet under air, plus a beautiful dock on sailboat water. More modest REOs include 3568 Lalani Boulevard, near I-75 off of Bee Ridge. Listed at $89,900, it has two bedrooms and bathrooms with 1,171 square feet under air.    In Carrington Place, Gulf Gate area, is a comfortable condo foreclosure with two …

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