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South Beach condos – foreclosure activity

I just took a quick look at the amount of bank owned South Beach condos and how it changed since Q3 2009

South Beach condos - foreclosure activity

As you can see from this graph is that the amount of foreclosures for sale as well as the amount of foreclosures sold in past couple of months has pretty much doubled. Currently approx. 4% of all South Beach condos for sale and approx. 16% of all South Beach condos sold in June 2010 were bank owned foreclosures.