Florida Foreclosure Listings

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Florida Foreclosures for Sale

Located in the southeastern region of North America, Florida sits on the border of the Gulf of Mexico and the North Atlantic Ocean. The state's economic stability relies heavily on the agricultural industry, which focuses mainly on products such as greenhouse plants, oranges, cattle and tomatoes. Besides these main areas of production, poultry, eggs and several other crops also contribute strongly to the revenues Florida receives from its agricultural sector. The mining industry garners its profits largely from oil, limestone, petroleum (among other clays) and perhaps most importantly, phosphate rock, which is the state's biggest contributor towards growing profits and the overall economy. Other sectors include the fishing industry, local businesses such as real estate, various law firms and service centers, along with a strong focus on wholesale trading as well.

The largest city in Florida is Jacksonville, with a population of over 800,000; this is then followed by Miami (just under 400,000), Tampa (over 335,000), St. Petersburg (just under 250,000) and Hialeah (over 220,000). Jacksonville's vibrant atmosphere encapsulates the whole city and has many attractions, including the Jacksonville Jazz Festival, Fourth of July celebrations taking place at Downtown Riverfront, Backwater Fishing, the Veterans Memorial Arena and the Players Golf Championship held at the TPC Sawgrass. Besides its wide array of regular events, Jacksonville is great for families looking for a suitable place to live. With its wide range of public schools, colleges, universities and private schools to choose from, the education options for new families looking to purchase Florida home foreclosures are well catered for.

Jacksonville's current demographic statistics show a rate of over half of the population with households having married couples, along with a median age of over 30. The city's housing market displays a decrease in home values over the past few years, currently sitting at $97,600, a percentile decrease of nearly 20 percent in contrast to the previous year. On the contrary, median sales prices have also slipped, currently sitting at $116,800, a decrease of 11.1 percent during the first quarter of last year. Similar trends can be compared to Miami, where median sales prices have slipped 8.4 percent, making an average price of approximately $194,300, with home values decreasing at 5.4 percent over the past year.