Distress stress

Foreclosures and short sales continue to press hard on the Sarasota and Manatee housing market.

Those sales continue to make up more than half of the single family home sales in both counties.

The reality is both types of sales are not going away anytime soon.

For sellers who have equity in their homes it means price will continue to be dragged down by the distress sales.

And the distress sales are everywhere now from homes under $50,000 to former multi-million dollar properties.

There are few neighborhoods that have not been effected by distress sales and for those that haven't it may just be a matter of time.

All the best
Greg Owens P.A.
Realtor
Keller Williams On the Water
941.932.6343
greg@teamworksfla.com
www.teamsworksfla.com