Published: Feb 10, 2011 6:37 PM EST
Updated: Feb 10, 2011 2:07 PM EST

LEE COUNTY, Fla.-- The latest figures from Realty Trac paint a promising picture for the Sunshine State.

In January, no Florida metro areas were in the top 20 for foreclosure filings.

That's in sharp contrast to 2010, when 9 Florida metros topped that list.

Previously, the Cape Coral - Fort Myers metro area was second in the nation for foreclosure filings.

Cape Coral - Fort Myers now ranks 52 in the nation for foreclosure rate, with one in every 428 homes in the market facing foreclosure last month.

Florida foreclosure activity decreased on a month-over-month basis for the fourth straight month with nearly 22,000 properties receiving a foreclosure filing in january, a 42-month low.

 

But despite all this promising news, Florida still has the second highest number of properties in some stage of foreclosure, with the 9th highest foreclosure rate nationwide.