November Market Update: Sarasota Forelcosures

Foreclosure and bank-owned properties continue to be the biggest factor in the price weakness of the Sarasota real estate market. Sales continue to surge, up 36% in October versus the same month last year.  The median sale for condos in October was down 35% from 2008 levels and single family homes were down 12% from October 2008. For more detailed information on the current market, read over the PRWEB Press Release: Sarasota Real Estate Sales Continue Strong Pace

What does all this mean? Properties are selling and they are selling at significant discounts. If you are in the market for a home or condo, head over to the Sarasota foreclosures for sale section of BuySarasota.com. We have information on foreclosure listings in all price ranges and locations. You can even sign up for our Free Foreclosure Alert service that will automatically email you the details when a new listing hits the market that meets your criteria. If you prefer some help you with your search, give the John Allen Team a call direct at 941-544-6467. We have a team of experts ready to help you.