According to RealtyTrac's October 2016 report, Florida ranks 7th in the U.S. in foreclosure actions to housing units. 1 in every 890 homes in the Sunshine State face foreclosure actions, with Bradford County leading those numbers.
October 2016 reports a 6% increase in Florida foreclosure activity compared to September, while reporting a 35% decrease compared to October 2015.
According to the Jacksonville Business Journal:
As the scars of the last financial collapse still heal, Florida's 55,000 foreclosures during a 12-month stretch ending August 2016 easily topped all other states, but the overall housing market appears on a healthy course. For example, Florida posted 94,000 completed foreclosures from August 2014 to August 2015. Also, the August 2016 foreclosure inventory rate is the lowest it's been since July 2007.
Northeast Florida Foreclosure Rates
- Nassau County: 1 in every 627
- Duval County: 1 in every 706
- St. Johns County: 1 in every 1,140
- Clay County: 1 in every 757
- Putnam County: 1 in every 947
- Flagler County: 1 in every 750
Duval County Breakdown
October 2016 foreclosure rates in Duval County are around 41% lower than in October 2015
- Jacksonville: 1 in every 677
- Atlantic Beach: 1 in every 1160
- Neptune Beach: 1 in every 1195
- Jacksonville Beach: 1 in every 2741
More Local Information
If you live in Northeast Florida and would like to learn more about your local foreclosure rates and other related information, you can contact Alisa Wilkes, Jacksonville real estate attorney.