Towards the end of last year, Jacksonville foreclosures managed to plunge from 2,630 in October to 1,506 the following month, signaling what some have deemed a glimmer of stability in another volatile market.  It seems like those glimmers may actually prove to be true after recent statistics show a significant drop since November 2010.

Jacksonville foreclosures have in fact fallen to their lowest levels since 2008 and continued to do so into 2011 based on numbers (1,356 notices sent) for the month of February.  These numbers also represent a twelve percent drop from January and a whopping 52 percent drop from February of last year.

While these statistics for Jacksonville foreclosures are impressive, St Johns County also saw welcoming decreases.  Only 174 addresses received notices, leading to a 46 percent drop from January and an even larger 67 percent drop from February 2010.

Whether these steady decreases will continue throughout the rest of this year remains to be seen but it's definitely a refreshing bit of news when the market remains in an unpredictable state.