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Southwest Florida Foreclosure Filings Fall in Third Quarter 2009

Posted by Benjamin Dona on Saturday, November 28th, 2009 at 5:52pm.

Southwest Florida Foreclosures FilingsFor the first time in 2009, new foreclosure filings fell in the third quarter for Lee and Collier counties in Southwest Florida. In fact, in September new foreclosure filings reached their lowest level of the year.

For Lee County, there were 13,206 new filings from July to September, down 5.19% from the second quarter and 2.19% below the third quarter of 2008. In September, there were 1,584 filings for the month, down from 1,625 in August and 2,447 a year ago.

In Collier County, there were 2,997 new filings, down 15.65% from the second quarter and 4.49% below the third quarter of 2008. In September, there were 1,068 filings for the month, down from 1,138 in August and 1,310 a year ago.

The numbers are quite a change from the last year as far as filings are concerned and while one quarter's data does not make a trend, it is hopefully a good sign of things to come. Looking at October's filings, we see a split between the two counties numbers. New filings were down 20% in Lee County but were up 11% in Collier County.

SW Florida Foreclosed Properties

Naturally, no one can predict for certain, what will happen as we move forward into November and December. Many forecasters continue to say it will be doom and gloom. However, with a little luck, things will continue to improve. As is usual, only time will tell the tale.

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About the Author

Gulf Coast Associates, RealtorsBenjamin Dona is the Broker and Owner of Gulf Coast Associates, Realtors in Bonita Springs, Florida. He holds two advanced degrees, an MBA and an MA, and has an extensive background in both business and marketing. In 1998, he founded Gulf Coast Associates, and formed a group of like-minded Realtor® associates dedicated to offering professional Southwest Florida real estate services by concentrating on information, education and the use of leading edge technologies. He also is a recognized expert on the "Net," a much-quoted and read blog author, and a contributor to both national and international news outlets. Benjamin is a member of the National Association of Realtors, the Florida Association of Realtors, and numerous local real estate boards throughout Southwest Florida.

Contact Benjamin Dona at 239-948-3955



5 Responses to "Southwest Florida Foreclosure Filings Fall in Third Quarter 2009"

Sam Chapman wrote:
Your last two posts are encouraging and I hope that is a sign of better things in other areas. I know a lot of people aren't buying because they can't sell. Maybe the improvement in Florida's market will help in other places.

Posted on Tuesday, December 1st, 2009 at 10:05am.

Benjamin wrote:
Hey Sam,

I've been saying that all year as things have steadily improved here.

The Florida market helped lead us into the mess and I was hoping it would lead us out.

As I talk to other friends in the industry around the country, it has not happenend for many of there markets yet.

Maybe with a little luck, we'll see a broader change as we head into 2010. At least I sure hope so for their sakes.

Posted on Tuesday, December 1st, 2009 at 8:53pm.

Lisa - Logan, Utah wrote:
For one of the hardest hit markets in the country, this is a GREAT sign. If Florida can start to rebound, that shows we are on the right path. Hopefully your trend continues, as I think it will directly relate to other markets around the nation.

Posted on Thursday, December 3rd, 2009 at 3:11pm.

Marcia Carlson wrote:
Thanks for showing all the detailed information in such a lovely blog. I appreciate your hard work compiling such useful information!!! :) I will be monitoring your updates from time to time. Great job!

Posted on Thursday, December 10th, 2009 at 6:20pm.

Moraira wrote:
Encouraging news indeed. Hopefully, you have seen an upturn in activity in January 2010. We feel that repossession figures are a key economic indicator and we watch them closely. We have some way to go in Spain but the signs so far this year are good.

Posted on Tuesday, February 2nd, 2010 at 5:40am.



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