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Florida Foreclosure Numbers for 2010

Posted on | January 28, 2011 | 1 Comment

Early numbers have just been released for the 2010 real estate year. Florida registered the nation’s third highest foreclosure rate in 2010, with 5.51 percent of its housing units (one in 18) getting at least one foreclosure filing during the year.

For 2010, the state of Florida was one of five states that accounted for 51 percent of the nation’s total foreclosure activity. The other states were California, Arizona, Illinois and Michigan. In those five states together, nearly 1.5 million properties got a foreclosure filing.

In a closer look at the numbers, the 2010 foreclosure rate in Jacksonville, Florida was 6 percent lower than it was in the previous year of 2009. The Jacksonville metro area, defined as Duval, Clay, St. Johns, Nassau and Baker counties, ranked 27th nationwide in foreclosures for 2010, with a total of 24,963 foreclosures, or one out of every 24 housing units. The property foreclosure rate rose by nearly 20 percent in Baker County and by 2 percent in Nassau County, to 239 and 1,105 foreclosures, respectively. In Duval County, the rate fell by almost 7 percent, with 16, 368 homes foreclosed in 2010. There were 3,298 foreclosures in Clay County; and 3,953 in St. Johns County. Statewide, a total of 485,286 housing units were in foreclosure, or one out of every 18, representing an increase of nearly 2 percent over 2010.
Cities in California, Florida, Arizona and Nevada accounted for 19 of the top 20 foreclosure rates. Las Vegas had the highest foreclosure rate in the country, at almost 11 percent.

Also reported in Florida, the Cape Coral-Fort Myers metro area had the second highest foreclosure rate in the nation, with one in every 12 housing units, or about 8 percent, in foreclosure. Other Florida cities in the top 20 include Orlando-Kissimmee, No. 9; Deltona-Daytona Beach-Ormond Beach, No. 13; Naples-Marco Island, No. 14; Tampa-St. Petersburg-Clearwater, No. 17; Lakeland, No. 18; and Sarasota-Bradenton-Venice, No. 19.

Comments

One Response to “Florida Foreclosure Numbers for 2010”

  1. Richard Morrison
    February 3rd, 2012 @ 4:53 am

    This is a pretty good piece of information. Keep Posting. Thanks Richard from Wholesale Deals in Florida

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