The Real Deal Miami

SoFla foreclosures down 56% in January

February 05, 2014 03:00PM


(Credit: Condo Vultures)

In the first month of the year, foreclosures in South Florida were down by 56 percent to 1,985 filings from 4,467 year-over-year, according to data from Condo Vultures.

The biggest January drop was in Miami-Dade County, where foreclosures slipped to 711 from 1,907 in a span of 12 months. Broward County saw a similar decline, to 787 from 1,645. Palm Beach foreclosure filings fell by roughly half, to 487 from 915.

The chart shows that foreclosures occurred substantially less often in January 2014 compared to January 2013. — Mark Maurer