The Real Deal Miami

South Florida foreclosures keep declining

Latest Condo Vultures report shows drop throughout tri-county area

October 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 year-over-year drop in foreclosures, from 1,782 in September 2013 to 1,426 last month. The region had 14,725 foreclosures during the first nine months of 2014, way down from 31,299 during the same period in 2013.

In Miami-Dade, foreclosures dropped from 606 in September 2013 to 456 last month. The county’s year-to-date foreclosures fell from 11,614 to 4,945. Broward County’s year-over-year foreclosures declined from 764 to 624 last month, while its year-to-date foreclosures dropped from 13,031 to 6,285.

Palm Beach County had a smaller decline, from 412 foreclosures in September 2013 to only 346 last month. The county’s year-to-date foreclosures dropped from 6,654 to 3,495. — Eric Kalis

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