Miami FL Foreclosure Trends - December 2011
There were 18,631 Miami FL foreclosure homes in December 2011, according to RealtyTrac.com with 1 in every 277 housing units receiving a foreclosure filing. The average sales price of a Miami FL home was $241,604 in December while the average sales price of a Miami FL foreclosure home was $143,582, a $98,002 savings.
Miami FL Foreclosure Activity and 30-Year Interest Rate
Miami FL foreclosure activity had 2,393 new foreclosed homes in December while interest rates dropped to 3.96%.

Miami FL foreclosure activity is based on total number of properties that receive foreclosure filings…default notice, foreclosure auction notice or bank repossession…each month. Interest rate is based on average 30-year fixed rate from Freddie Mac’s Primary Mortgage Market Survey.
Miami FL Foreclosure Geographical Comparison
Miami FL foreclosures were 0.20% above national statistics, 0.08% above state figures, and the same as Dade County numbers in December.

Miami FL Foreclosure Activity by Month
The number of bank-owned properties increased from 547 in November 2011 to 626 in December, while the number of auctions increased from 634 to 811. Pre-foreclosure activity dropped from 1,550 to 956. There is a six month rising trend.

Are you or someone you know behind on mortgage payments and facing a foreclosure? You do have options. A short sale may be the answer to saving you, your family and even some of your credit. Visit EllenHelpsHomeowners.com and give us a call for a private consultation.
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The Prestige Properties Team has over 30 years of real estate experience from the US to Canada and speaks seven languages including English, Spanish, Polish, German & Russian. We are a woman owned minority business that does extensive community outreach. We are viewed by ourselves and others as a shining example of an unstoppable team that others are drawn to. We seem to grow and excel beyond all expectations and we value each other and support each other both professionally & personally.
The Prestige Property Team is a leader in the South Florida real estate market. The team assists buyers looking for Miami real estate for sale and aggressively markets South Florida homes for sale. They are also Certified Distressed Property Experts (CDPE), committed to helping families in financial hardship find options to foreclosure. For more information you can visit EllenHelpsHomeowners.com.
You can reach the Prestige Property Team by calling 954-292-6412 or email.
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