The Real Deal Miami

South Florida foreclosure plunge continues

Latest Condo Vultures report shows declines throughout tri-county area

May 02, 2014 10:30AM

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Latest foreclosure report from Condo Vultures

Latest foreclosure report from Condo Vultures

South Florida foreclosures continued to decline last month, according to the latest report from Condo Vultures.

Miami-Dade, Broward and Palm Beach counties had a substantial year-over-year decline in foreclosures, from 3,468 in April 2013 to 1,652 last month. The region had 7,201 foreclosures during the first four months of 2014, way down from 17,145 during the same period in 2013.

In Miami-Dade, foreclosures dropped from 1,154 in April 2013 to 555 last month. The county’s year-to-date foreclosures fell from 6,896 to 2,575. Broward County’s year-over-year foreclosures declined from 1,568 to 703 last month, while its year-to-date foreclosures dropped from 6,586 to 2,955.

Palm Beach County had a smaller decline, from 746 foreclosures in April 2013 to only 394 last month. The county’s year-to-date foreclosures dropped from 3,663 to 1,671. — Eric Kalis

  • John Smith

    This is good news, especially since Florida is ranked as one of the top five foreclosure states in the nation. The decrease in foreclosure activity goes a long way to helping the Florida economy and real estate market slowly stabilize and have a chance at growing.

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