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The Real Deal Miami

South Florida foreclosures up 38 percent this year

July 02, 2012 02:15PM

There were 4,183 foreclosures filed in South Florida in June this year, according to Condo Vultures, a 34.5 percent increase from the same month a year ago. Slightly more than one third of the foreclosures, or 1,696 of them, came in Broward County, which continued to lead South Florida counties in foreclosure filings last month. Miami-Dade County came in second with 1,472 foreclosures, compared to 1,118 in June of 2011. Palm Beach County ranked third with 1,015, nearly twice as many as the 655 foreclosures it saw in the same month the previous year. 

Overall, 22,439 foreclosures were filed in South Florida through the end of June, a 37.8 percent increase from the same period a year ago. Broward accounts for 53 percent of all those foreclosure, while Palm Beach and Miami-Dade counties split the remaining foreclosures at 25.7 and 27.4 percent. — Christopher Cameron