Today we continue our foreclosure tour throughout South Florida, with a look at the shadow inventory of foreclosures in Palm Beach County, Florida:

As we cruise through Palm beach County city by city, some of the top foreclosure areas as of 8/1/13 are as follows:

• West Palm Beach  – 4,149 houses and 1,257 condo/townhouse properties in the foreclosure process
• Lake Worth – 2,774 houses and 217 condo/townhouse properties in the foreclosure process
• Boca Raton – 2,604 houses and 812 condo/townhouse properties in the foreclosure process
• Boynton Beach – 2,221 houses and 455 condo/townhouse properties in the foreclosure process
• Delray Beach – 1,194 houses and 531 condo/townhouse properties in the foreclosure process
• Jupiter – 1,062 houses and 180 condo/townhouse properties in the foreclosure process
• Wellington – 1,042 houses and 35 condo/townhouse properties in the foreclosure process

In total, there were in excess of 18,000 single-family homes and 4,000 condo/townhouse units in some stage of foreclosure throughout Palm Beach County in the beginning of August.  It also seems as if the pace of new foreclosure filings is picking-up steam.  Shhhh!  I hope nobody tells the rocket scientist writers in the local paper that maybe we are not in a housing recovery just yet:

And for a look at the trend in the total number of new filings.  Does this look like a recovery?  Keep in mind that this chart represents the new foreclosure filings for single-family homes and condo/townhouse properties.  In 2012, the monthly average of new filings was 914 and so far in 2013 the monthly average is 1,479 monthly.  That represents a 62% increase in the monthly average.  There were 2,045 new filings just in June, so maybe setting new multi-year highs in foreclosure filings is a sign of the housing recovery!

How does Palm Beach County stack-up against Miami-Dade and Broward County?  This next chart shows all three counties and the disturbing new trend of foreclosure filings.  Oh wait, I am still laughing at the articles about “bidding wars” and the housing recovery.  The sound you hear in the background is yet another bubble bursting.