Florida ranked seventh in the United States for foreclosure activity in October 2016, with 1 in every 890 homes facing foreclosure action.
Florida foreclosure overview
According to RealtyTrac's October 2016 report, Florida ranked seventh in the U.S. in foreclosure actions compared to housing units. One in every 890 homes in the Sunshine State faced foreclosure actions, with Bradford County leading those numbers.
Overall numbers
October 2016 reported 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 were 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
Learn more about your options on our Jacksonville real estate law page.