Southwest Florida Foreclosure Filings Fall in Third Quarter 2009
Posted by Benjamin Dona on Saturday, November 28th, 2009 at 5:52pm.
For 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.
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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