Bank-owned foreclosure inventory at the beaches is very low. Though properties on the barrier-islands have never been foreclosure-central, I am nonetheless surprised to find only 15 properties available between St. Pete Beach and Clearwater. Remember, that’s 33 miles of white sand beach! I believe the banks are releasing foreclosures slowly to keep inventory down and attract competitive bidding. It seems to be working: the best bank-owned properties, the ones in good condition and priced well, are moving in days.
Here is a quick breakdown of available foreclosure properties on the barrier islands as of this morning:
St. Pete Beach and Treasure Island:
Condo: 1 Single-Family: 1 Price Range: $190,000 – $489,000
Madeira Beach, Redington Beach, North Redington Beach, and Redington Shores:
Condo: 2 Single-family: 3 Townhome: 2 Other: 2 Prices: $69,500 – $599,950
Indian Shores and Indian Rocks Beach:
Condo: 1 Price: $139,500
Belleair Shore and Belleair Beach:
No properties available at this time.
Clearwater:
Condo: 1 Single-family: 2 Townhome: 2 Price Range: $209,800 – $574,900
It’s a similar story in downtown St. Petersburg and Northeast St. Petersburg, with under 15 bank-owned properties available between downtown and Venetian Isles. Here’s a quick breakdown:
Downtown St. Pete and Crescent Lake:
Condo: 4 Single-family: 1 Price Range: $74,900 – $109,900
Snell Isle:
Single-family: 1 Price: $1,195,000 (Gorgeous property!)
Shore Acres and Northeast St. Petersburg:
Condo: 3 Single-family: 4 Price Range: $32,000- $179,900
We are hearing rumors that the banks will be releasing more properties soon, so stay tuned for more information. You’ll know as soon as we do!
For more specific information on any of these bank properties, or properties in other locations you may be interested in, visit our Foreclosure Signup.
