Southwest Florida Real Estate - Foreclosure Filings Continue
Posted by Benjamin Dona on Sunday, March 7th, 2010 at 6:21pm.
Foreclosure filings continue to impact the Southwest Florida real estate market in January and February in both Lee and Collier counties. For Lee County, there were 1,395 new filings in February, up from the 1,318 in January. In Collier County, there were 565 new filings in February, up from 457 in January.
While both counties' filing numbers were down on a year over year basis, foreclosure sales are still having a major impact on the overall market. In Lee County, 42% of January's solds were a foreclosure; in Collier County, foreclosures accounted for 23% of the month's closed sales.
The numbers are quite a change from the last year as far as filings are concerned and while two month's data does not make a trend, it is hopefully a good sign of things to come. Naturally, no one can predict for certain what will happen as we move forward from here. Many forecasters still predict it will be doom and gloom. However, with a little luck, things will slowly continue to improve. As with all things in this current real estate market, only time will tell the tale.
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About the Author
Benjamin 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
Southwest Florida Real Estate Blog