The
downward trend in Southwest Florida foreclosures abated somewhat in
the 3rd quarter. In Lee County, foreclosures rose slightly in
September (0.3% over August), ranking it third in the state. The
review shows that 1,378 Lee county housing units were in
foreclosure (one in every 265), down from 3,823, or nearly 64% from
September 2010. In Collier County, foreclosures spiked to 503
housing units (one in every 386), up 54% from 326 in August, but
still down 60.3% from 1,267 units in September of last year.
For the 3rd quarter, Lee County totaled 1,453 foreclosures, down 44% from the 2,577 last year. Collier County had a total of 2,164 foreclosures, down 64% over the same time period. Overall, while the numbers rose slightly in September, they are still not too bad when you consider we've had over 100,000 foreclosures in the two county areas since January, 2006.
Foreclosure sales also continued to decline proportionately. For Lee County, 1,224 foreclosures were sold and there are only 493 currently on the market out of 7,393 total listings available for sale. In Collier, 269 foreclosures were sold and there are only 198 currently on the market out of 9,760 total listings available for sale.
Gulf Coast Associates, Realtors
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There are currently 1 Response to this blog entry.
Home Experts Realty
We are glad to see foreclosures dropping around the country. Thanks for posting these findings.
Here in Ohio we see the same, the number of reported forclosures keeps dropping, home sales are rising, unemployment is down. This we find particularly true with Dayton and Cincinnati. Dayton previously had record foreclosed homes, but it's local real estate market is well into the healing process and now opportunities abound.
We get buyers that are selling here and moving to Florida, I will try and send some your way, cheers! http://www.homeexpertsrealty.net/dayton-real-estate.php