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Old 01-06-2010, 10:23 PM
 
43 posts, read 80,863 times
Reputation: 22

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Foreclosure Auctions for Manatee County, FL for January: 333


Last Year Data: 2009

Jan.....Feb......Mar.....April......May.....June .....July.....Aug....Sept....Oct.....Nov.....Dec

92......138.......103......97.......139.......137. .....216.....187.....251.....161.....273.....296


NEW YEAR: 2010

Jan

333

Trend is still UP, UP, AND AWAY.................

This means that Manatee County real estate agents have to move 10 units everyday (weekends and holidays included) just to move new foreclosures.

FWIW, I am seeing a lot more "nice" areas and waterfront starting to drop in price.
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Old 01-07-2010, 07:19 AM
 
Location: Florida
4,850 posts, read 13,440,790 times
Reputation: 2255
Quote:
Originally Posted by po14015 View Post
Foreclosure Auctions for Manatee County, FL for January: 333


Last Year Data: 2009

Jan.....Feb......Mar.....April......May.....June .....July.....Aug....Sept....Oct.....Nov.....Dec

92......138.......103......97.......139.......137. .....216.....187.....251.....161.....273.....296


NEW YEAR: 2010

Jan

333

Trend is still UP, UP, AND AWAY.................

This means that Manatee County real estate agents have to move 10 units everyday (weekends and holidays included) just to move new foreclosures.

FWIW, I am seeing a lot more "nice" areas and waterfront starting to drop in price.
No jobs & no $ to pay the mortgage; the trend will continue.
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Old 01-07-2010, 07:50 AM
 
Location: Palm Island and North Port
7,511 posts, read 21,714,580 times
Reputation: 2855
Quote:
Originally Posted by po14015 View Post
Foreclosure Auctions for Manatee County, FL for January: 333


Last Year Data: 2009

Jan.....Feb......Mar.....April......May.....June .....July.....Aug....Sept....Oct.....Nov.....Dec

92......138.......103......97.......139.......137. .....216.....187.....251.....161.....273.....296


NEW YEAR: 2010

Jan

333

Trend is still UP, UP, AND AWAY.................

This means that Manatee County real estate agents have to move 10 units everyday (weekends and holidays included) just to move new foreclosures.

FWIW, I am seeing a lot more "nice" areas and waterfront starting to drop in price.
Properties sold in Manatee county:
Jan: 269
Feb: 313
Mar: 365
Apr: 351
May: 372
June: 365
July: 333
Aug: 332
Sept: 367
Oct: 345
Nov: 375
Dec: 369

If we just want to look at the amount of foreclosures sold in each month (which is included in the totals above). Keep in mind that some of the biggest foreclosure agents in the county don't tag their listings as foreclosures because the banks they represent don't allow it. Therefore they would show up in my data as a non foreclosure and not be counted in the below numbers. So, I would say these numbers would be under reported but here goes.
Jan: 92
Feb: 96
Mar: 120
Apr: 107
May: 136
June: 86
July: 76
Aug: 69
Sept: 90
Oct: 89
Nov: 82
Dec: 74
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Old 01-07-2010, 12:43 PM
 
Location: Bernanke's Financial Laboratory
513 posts, read 1,155,527 times
Reputation: 225
Quote:
Originally Posted by Ladywithafan View Post
No jobs & no $ to pay the mortgage; the trend will continue.
You know, that's one of the things wrong with high home prices, and ridiculous house payments. In the old days you stood a chance of paying the note with your unemployment insurance check, but with the house payments incurred during the last 8 years or so (and the refi's), it's probably not possible at best, or completely impossible in many cases. Of course, the outcome in this situation is foreclosure...
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