Cape Coral-Fort Myers moved up two spots, ranking fourth in the nation for its foreclosure rate in April.
In March, it was in sixth place. It was at No. 2 in February.
Last month, the metro area had a total of 3,479 foreclosure-related filings, or one for every 105 households, according to Irvine, Calif.-based RealtyTrac.
For the rankings, three types of notices are counted for defaults, scheduled auctions and bank repossessions. Defaults are new filings.
Despite moving up in the rankings, Cape Coral-Fort Myers saw its filings decline more than 44 percent from a year ago and more than 12 percent from a month earlier. In March, it had 3,961 filings. In April 2009, it had 6,272.
In Naples-Marco Island, there were 1,129 filings, or one for every 172 households, in April. It ranked 17th in the nation for its foreclosure activity.
The metro has also seen its foreclosure filings decline. In April, activity was down nearly 19 percent from March and it was down about 18 percent from a year ago, when there were 1,382 filings.
Nationally, foreclosure filings were reported on 333,837 properties in April, down 9 percent from a month earlier and down 2 percent from a year ago. One in every 387 U.S. households received a foreclosure-related filing last month.
“There were two important milestones in the April numbers that show foreclosure activity has begun to plateau – but at a very high level that will not drop off in the near future,” said James J. Saccacio, RealtyTrac’s CEO, in a statement. “April was the first month in the history of our report with an annual decrease in U.S. foreclosure activity.”
In April, 103,762 properties received default notices, down 12 percent from the previous month and down 27 percent from a year ago, when they peaked at more than 142,000.
Foreclosure auctions were scheduled on 137,643 properties last month. That was down 13 percent from March, but up 1 percent from April 2009.
Bank repossessions reached a record monthly high of 92,432 properties in April, up 1 percent from March and a 45 percent increase over April 2009.
Nevada had the highest state foreclosure rate for the 40th straight month. Arizona was in second place, followed by Florida.
In Florida, one in every 182 properties received a foreclosure-related notice, despite decreases in foreclosure activity. Activity was down 18 percent from March and down 25 percent from a year ago.
Las Vegas continued to have the highest metro foreclosure rate in April, with one in every 60 households receiving a filing. Coming in second was Modesto, Calif. In third place was Merced, Calif.
Contact Laura Layden at www.naplesnews.com/staff/laura_layden.