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Bradenton Foreclosure Filings Up 55 Percent in June

bradenton.patch.comJuly 12, 2013

By Linda Hersey

Here is a closer look at foreclosure filings for Bradenton, courtesy RealtyTrac.

RealtyTrac Foreclosure Findings

Foreclosure filings for Bradenton were up a whopping 55 percent in June, compared to May. That's the bad news.

The silver lining is that the real estate market is much better in Bradenton than a year ago: The number of properties that received a foreclosure filing was actually 47 percent lower in June 2013 compared to June 2012, according to the latest numbers from RealtyTrac.

That is the mixed message that the latest foreclosure report shows from RealtyTrac, which monitors foreclosures nationwide. Florida continues to lead the nation in the number of foreclosure filings, according to statistics for the first half of 2013. Tampa was among the Sunshine State cities with the highest number.

Yet positive signs that the local real estate market is rebounding continue. According to RealtyTrac, Bradenton home sales were up 31 percent in May 2013 compared with a year ago. But they were down 15 percent from last month.

It still is a buyers' market in Bradenton, too. The median sales price of a non-distressed home was $125,000. The median sales price of a foreclosure home was $85,000, or 32% lower than non-distressed home sales.

These five zipcodes have the highest foreclosure rates:

34205 1 in every 216
34212 1 in every 262
34208 1 in every 266
34201 1 in every 277
34207 1 in every 323

 

Back to July 2013 Archive

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