You don’t have to be a dedicated Real Time reader to know that residential real estate in Palm Beach County has taken a historic tumble in recent years. But while most coverage focuses on a broad view of the market, every neighborhood’s real estate story is unique.
Today we’re starting a series of posts focusing on individual neighborhoods. We’ll look at the sales and price trends through both the boom and bust, review the tax assessment data and give you a current snapshot of the foreclosure situation.
First up is Canyon Isles, a GL Homes-built community of 500 single-family homes west of Boynton Beach in the Ag Reserve. According to data from financial and property information company CoreLogic, 67 of the 500 homes in Canyon Isles are currently in foreclosure. That’s 13.4 percent, or more than one in eight.
via Neighborhood profile: More than 1 in 8 homes in Canyon Isles, west of Boynton Beach, in foreclosure