Miami-Dade Foreclosure Market Report — July 2026

Executive Summary

Miami-Dade County's foreclosure auction pipeline for July 2026 shows a market defined more by caution than opportunity. With 196 properties scheduled for auction, volume remains measurable, but the data tells a nuanced story: average final judgments are running nearly $2 million, assessed values sit well below that threshold, and the average BIDROI Score™ of 43.6 out of 100 signals that most properties this month require careful scrutiny before committing capital. Selective investors who focus on the roughly 20% of properties scoring 60 or above will find actionable opportunities — but broad, undifferentiated bidding carries meaningful risk.

Market Volume

July 2026 brought 196 properties to the Miami-Dade foreclosure auction calendar, representing 196 active foreclosure cases. This figure provides a solid baseline for analysis, though it is worth noting that auction outcome data for this period had insufficient coverage and is excluded from this report. Volume-based observations are reliable; performance-based conclusions will need to wait for more complete reporting.

Property Mix

The July pipeline skews heavily toward single-family homes, which account for 153 of the 196 properties (78.1%). Condominiums make up the remaining 49 properties (25.0%). Note that these figures include a small overlap in classification, suggesting some properties may carry dual or mixed designations in the source data.

The single-family dominance is consistent with broader Miami-Dade foreclosure trends, where homestead properties and suburban residential inventory continue to cycle through the court system at higher rates than the condo segment. For investors, this mix means more opportunities in traditional residential neighborhoods — but also more exposure to owner-occupant dynamics that can complicate acquisition timelines.

Score Analysis

The average BIDROI Score™ for July 2026 is 43.6 out of 100, based on complete 100% coverage of all 196 properties. This is a below-midpoint reading, indicating that the average property this month does not clear the threshold for straightforward investment merit.

Breaking the distribution down:

• 40 properties (20.4%) scored 60 or above, qualifying as OPPORTUNITY-tier assets. These represent the highest-conviction targets in the pipeline — properties where the combination of judgment size, assessed value, location, and market factors aligns favorably for investors.
• 67 properties (34.2%) scored below 40, flagged as PASS. These carry unfavorable risk/reward profiles and should be deprioritized without significant additional diligence.
• The remaining 89 properties (45.4%) fall in the 40–59 range — a middle tier that warrants case-by-case review depending on an investor's specific strategy and cost basis.

The spread between OPPORTUNITY and PASS properties is notable. With more than a third of the pipeline in PASS territory, July reinforces the importance of score-based filtering before investing time in property-level research.

Judgment vs. Assessed Value Gap

The average final judgment stands at $1,939,867 (99.5% coverage — highly reliable), while the average assessed just value is $541,988 (82.1% coverage). This gap — final judgments running approximately 3.6x assessed value — is a critical signal for investors.

A wide judgment-to-value spread can indicate accumulated interest, attorney's fees, and years of delinquency baked into the final judgment figure, or it can reflect properties where the original loan significantly exceeded current market value. In either case, investors must conduct independent valuation — assessed value is a floor, not a ceiling, but a $1.4 million average gap between what courts are awarding and what the county has on record demands scrutiny. Winning bidders who anchor to assessed value without accounting for this spread may face adverse outcomes.

Top ZIP Codes by Activity

The most active ZIP codes in July 2026 (based on 90.3% coverage) are concentrated in Miami-Dade's southern and southwestern corridors:

These five ZIP codes together account for 45 properties, or roughly 23% of the total pipeline. The 33177 (Kendall area) and 33178 (West Kendall) clusters are established suburban markets with active resale demand. The 33032, 33033, and 33035 corridor (Homestead and Leisure City) reflects continued distress in more affordably priced inventory at the county's southern edge — a segment that can offer different risk/return dynamics than the Kendall market.

Data Notes

Auction outcome metrics — including sale rates and average winning bids — had insufficient data coverage for July 2026 and are excluded from this report. BIDROI does not extrapolate from incomplete samples. All metrics reported above meet the minimum coverage thresholds required for publication. As outcome data improves in subsequent months, performance analysis will be reintroduced.

Data sourced from Miami-Dade County public foreclosure records and BIDROI's proprietary scoring model. Coverage rates reflect verified record matching as of report publication.

Data Coverage

🟢 High (≥70%) · 🟡 Medium (30–69%) · 🔴 Low (<30%)