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Ft Lauderdale Real Estate News 04/11/14


foreclosures drop 22% in florida, fort lauderdale very strong


According to RealtyTrac’s foreclosure report for March, Florida has retained its No. 1 status for homes in some stage of foreclosure, with one in every 407 Florida homes with a mortgage affected.

And in a look at metro areas (populations of 200,000 or more), Florida cities hold eight of the top 10 spots.


March 2014


RealtyTrac’s report finds that 5,815 Florida homeowners received their first foreclosure notice in March; 9,983 were notified of a foreclosure sale; and 6,258 homes transferred to bank ownership (REOs). However, the total number of impacted homeowners in all stages fell 8.79 percent month-to-month when compared to Feb. 2014 and 21.92 percent year-to-year.


First quarter 2014


Looking at January through March, Florida foreclosure activity in first quarter 2014 decreased less than 1 percent quarter-to-quarter, but it declined 19 percent year-to-year. Still, Florida retained its top spot even though its foreclosure activity has decreased annually for three consecutive quarters.


First quarter 2014 metro areas


Port St. Lucie, Fla. – where one out of every 99 housing units had a foreclosure filing in the first quarter – led the nation’s cities, though seven other Florida cities also made the top 10.

Miami came in at No. 2 (one in every 106 housing units with a foreclosure filing); Palm Bay-Melbourne-Titusville at No. 3 (one in every 112); Orlando at No. 4 (one in every 120); Tampa at No. 5 (one in every 122); Lakeland at No. 6 (one in every 127); Ocala at No. 7 (one in every 130); and Jacksonville at No. 8 (one in every 134).

Nationwide, 29 states posted annual increases in scheduled foreclosure auctions. While Florida’s scheduled auctions rose 21 percent, it ranked tenth for auction sales behind Utah (up 226 percent), Oregon (up 177 percent), Connecticut (up 131 percent), New Jersey (up 79 percent), Delaware (up 49 percent), New York (up 47 percent), Maryland (up 46 percent), Massachusetts (up 37 percent) and Nevada (up 21 percent).


Other findings


Foreclosed homeowners still live in 51 percent of REOs nationwide out of homes with occupancy data. However, no Florida cities ranked in the top five for owner-occupied REOs.

It takes 935 days to foreclose on a Florida home as of the first quarter, but it takes longer in two other states: New Jersey (1,103 days to foreclose) and New York (986 days). Hawaii (840 days) and Illinois (830 days) round out the top five.


© 2014 Florida Realtors®



Interactive Chart

Foreclosure Rates, Broward County

(Run your mouse over the Zip Codes to see)



OUR TAKE

Hate to say I told you so but run your mouse over the Zip Code areas on the above interactive map graphically illustrates just how strong the real estate market is in Fort Lauderdale.

While Miami ranks Number Two in the U.S. with 1 in every 106 homes in some stage of foreclosure, the city of Fort Lauderdale averages only 1 home in every 430. Furthermore Zip Code 33301 shows only 1 home in every 1,928, and 33308 only 1 home in every 928.

Keep in mind what this is telling you in comparison to most of the other housing statistics, where Fort Lauderdale and Broward County is typically lumped into a reporting area with Miami/Dade.



To see the February 2013 housing data reports
from the florida association of realtors
click on the links below:


Single Family February 2014


Condos February 2014



To see stats in indvidual markets:


Market Sales Activity February 2014



Click on Image to View The Latest
Metro Home Prices Report
from the National Association of Realtors


foreclosure single family east of Intracoastal

To see 2013 year end housing data reports
from the florida association of realtors
for statewide residential real estate activity
click on the links below:


Single Family 2013


Condos 2013



To see stats in indvidual markets:


Market Sales Activity




To see more great real estate investments go to

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a high rating realtor I specialize in the location
of the best deal on luxury and waterfront real estate
in ft lauderdale, boca raton and south florida


Jim Esposito

Intercoastal Realty

the best ft lauderdale realtor

(954) 785-8558 Office
(954) 336-3776 Mobile


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