Statistics released by the real estate consulting firm RealtyTrac show a continuing drop in foreclosure sales in Southwest Florida, Florida as a whole and nationwide.

The Cape Coral-Ft. Myers market had 2,509 home foreclosure sales in the second quarter of 2011. This represents a decrease of 5.3% from the first quarter of the year and a whopping 41% decrease from the same period one year ago. The average sales price for foreclosed homes in the Cape Coral-Ft. Myers market is $104,983 which is a discount of 36% when compared with non-distressed home sales.

The Naples-Marco Island area reported 672 foreclosure related home sales in this year’s second quarter, down 15.6% from the first three months of this year and down more then 44% during the same three month period last year. The average sales price was $176,090 which represents a discount of more then 35% from non-distressed home sales in the market.

Florida as a whole logged 34,558 foreclosure related sales during the second quarter of 2011. This was down 5% from this year’s first quarter and down 22.5% year over year.

Nationwide, home foreclosure sales accounted for 31% of all sales. Foreclosures represented 36% of all sales in Cape Coral-Ft. Myers and 21% of all sales in Naples-Marco Island.