Sarasota Short Sale 2012 Statistics
It goes without saying that short sales are a subject of frustration for home buyers, sellers, and the real estate agents that serve them. One of the most frequent issues I see with buyers is the question of what kind of offer should they make; specifically, can or should a buyer make a low offer on a short sale, hoping to negotiate a better price? Recently, an article came out about lowball offers and their consequences, which you can read here: http://bit.ly/N18Vb4 . I decided to take this article a step further and research what is actually happening in my real estate service area of Sarasota, Manatee, and Charlotte Counties. Using MLS sold data, I examined the list price to sales price ratio for short sales. I took this even further by examining this data by price range. The data includes all short sales (single family homes, condos, etc.) from January 1 to June 30, 2012. The local data supported the article referenced above. The sales price was uni...