How Many Distressed Properties Over $1,000,000?Posted by Marc Rasmussen on Wednesday, June 13th, 2012 at 5:29pm.
Have you ever wondered how many short sales and bank owned properties are for sale in Sarasota county with an asking price above $1,000,000?
Click on the links below to view them:
I was curious how this compared to our previous levels of distressed properties. Below is a 5 year chart showing the number of short sales and bank owned properties for sale, sold and pending with a price tag above $1,000,000.
Wow, what a dramatic difference from the peak in 2008 and 2009. We have far fewer luxury distressed properties today. Below is a 5 year chart showing the non distressed properties for sale, pending and sold with an asking price over $1,000,000.
There are currently only 14 distressed properties and 481 non distressed properties for sale with asking prices above $1,000,000. The distressed sales only account for mere 3% of the market. This information might be useful for buyers looking in this price range.
Please contact us at 941.812.6272 if we can help you buy or sell a property in Sarasota, Florida.
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