Sun Sentinel Headline - "Foreclosurers May Signal Some Hope"

Posted by Eric Miller on Monday, July 19th, 2010 at 8:33am.

Over the last six months the foreclosure rate in Broward County has dropped by 10% according to this cover story of in the Sun Sentinel on Sunday, July 18th 2010. Even more informative about the foreclosure situation in the Fort Lauderdale Real Estate market is a map they published on the front page showing all the zip codes in Broward County and how many foreclosure's can be found in each of the areas. The map was provided by Realty Trac.

Each one of the coastal areas from South of Fort Lauderdale Airport, North to Oakland Park were included in the lowest category they mentioned which was "less than 500".  The category included 6 zip codes which included most of the Fort Lauderdale area coast. The zip code which is just North 33308, was listed in the next to lowest category of 501 -1000. Looking at the map it is easy to see that 33308 is geographically a much larger zip code, and I can tell you for sure that being it includes many of the high rise buildings of Galt Ocean Mile it is much more densely populated.

I decided to check the numbers in one zip code a randomly selected "33316", which is listed as under 500 foreclosures. The good news is the map is accurate 199 is certainly less than 500.

I decided then do this one more time and check the entire city of Wilton Manors, which was also included in an area under 500. The total 151, once again under 500.  

We all know we are not out of the woods but my headline would say "Fort Lauderdale's Real Estate Market Stabilizing and Its a Great Time to be a Buyer!".

For all your Fort Lauderdale Area Real Estate needs, Eric Miller and Associates, Keller Williams Ft. Lauderdale are here to help, visit us on line at www.FortLauderdaleGroup.com 

 

Eric Miller is an award winning Florida Realtor, salesperson and broker. His website, FortLauderdaleGroup.com provides an up-to-date guide to Fort Lauderdale Condos for sale, and the most complete buyer, seller and investor information for the Fort Lauderdale Real Estate Market.

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