I get plenty of requests from people looking to buy a foreclosure or short sale on Siesta Key. I don’t blame anyone for trying to find a steal on the island. However, the distressed properties are not as plentiful as you think on Siesta Key or the other barrier islands (Longboat Key condos, Lido Key condos) for that matter.
Siesta Key Foreclosures/Short Sales For Sale
- 586 properties for sale on Siesta Key
- 172 – single family homes
- 403 – condos/villas/townhouses
- 11 – other
- 35 out of the 586 properties for sale are distressed – short sale or bank owned
- 5 bank owned sales
- 30 short sales
Visit Sarasota foreclosures update to get a snapshot of what is happening in the entire Sarasota county including Longboat Key, Lido Key, Bird Key and Lakewood Ranch.
Siesta Key Foreclosures/Short Sales Sold in 2010
- 301 total sales so far this year on Siesta Key
- 13 – REO/Bank Owned sold – 4.3%
- 44 – Short sales sold – 14.6%
- 57 – distressed sales – 18.9%
So 18.9% of the Siesta Key real estate market sales are made up of bank owned and short sales. Don’t assume that all of these properties are stellar deals. I see many of these properties sell for “around” market value. If I can help you buy or sell a property on Siesta Key give m a call at 941.812.6272.
