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South Florida

Boynton Beach’s foreclosure center

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Boynton Beach’s Canyon Isles neighborhood, a GL Homes community of 500 homes, has nearly 67 in foreclosure, or more than one in eight, according to property information company CoreLogic. Closings in Canyon Isles began in 2005, with larger homes selling for more than $1 million though 2007, with 33 homes purchased for at least $1 million. The median sale price last year in the neighborhood was $385,000 a 45.2 percent drop from the 2007 median price of $702,287.

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Gl Homes