Foreclosures & Short Sales South Shore Area (Tampa) Hillsborough County Florida

By
Real Estate Agent with RE/MAX South Shore Realty

FAST FACTS

Foreclosures & Short Sales

1st Qtr thru May 2010 

Over 35% of the homes sold nationally in March 2010 were short sales. NAR 

Nationally, 30 day mortgage delinquencies are down 6.57%. That's a drop of about 16,630 delinquent loans and, though modest, it is the first decline in the delinquency rate since early 2006. RealtyTrac 

Nationally, Foreclosure filings - default notices, scheduled auctions and bank repossessions - were reported on 333,837 properties in April, a 9 percent decrease from the previous month and a 2 percent decrease from April 2009, according to RealtyTrac's monthly update. It was the first year-over-year drop since RealtyTrac started tracking foreclosure filings in January 2006.
 
Florida's foreclosures fell 18 percent from March and was down 25 percent from April 2009. Despite the improvement, the state still posted the second highest number of foreclosures in the nation, with 48,384 properties receiving a foreclosure filing during the month.

New foreclosure filings April 2010 for;  Riverview 216, Brandon 137, Valrico 99, Seffner 44, Apollo Beach 41, Ruskin 39, Lithia 32, Gibsonton 21 and Wimuama 10.

Over 33% of the properties currently listed for sale in the South Shore Area are Short Sales. (Apollo Beach, Gibsonton, Riverview, Ruskin, Sun City and Wimauma Florida).

Total Active 1822; Short Sales 604; Bank Owned 60; Traditional/New 1158 

Over 24% of the properties that have sold since January 1, 2010 in the South Shore Area were Total Sold 995; Short Sales 247; Bank Owned 136; Traditional/New 612 

Over 44% of the properties currently listed for sale in Riverview Florida are Short Sales.

Total Active 667; Short Sales 331; Bank Owned 26; Traditional/New 310 

Active Listings for Apollo Beach, Brandon, Gibsonton, Lithia, Riverview, Ruskin, Seffner, Sun City, Valrico and Wimauma Florida.   Total Active 2966;  Short Sales 1035; Bank Owned 115; Traditional/New 1816  

Sold Listings since January 1, 2010 for Apollo Beach, Brandon, Gibsonton, Lithia, Riverview, Ruskin, Seffner, Sun City, Valrico and Wimauma Florida. Total Sold 1716; Short Sales 432; Bank Owned 298; Traditional/New 986 

The good news is that Traditional/New home sales continue to outnumber Short Sales and Bank Owned in almost all categories.

Posted by

Edward L Pichette Jr

 

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RE/MAX South Shore Realty
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