Thursday, November 19, 2009

October 2009 foreclosures down from October 2008

Click here for full report.

The Division of Housing now releases monthly data on foreclosure filings and foreclosure sales in metropolitan counties in Colorado. These reports are a supplement to the Division’s quarterly statewide foreclosure reports available at the Division’s web site: http://dola.colorado.gov/cdh/

Findings:

Comparing year-over-year, foreclosure filings in October increased 6.9 percent overall with totals rising from 3,024 to 3,234.

Movement in new foreclosure filings was mixed. While Arapahoe, Boulder, Larimer and Mesa Counties all reported sizable increases year over year, Adams, Denver, Douglas, El Paso, and Weld Counties reported decreases in foreclosure filing activity over the same period.

Decreases were more widespread with foreclosure sales. Sales totals dropped in all counties except Boulder and Mesa Counties. Adams, Arapahoe, and Denver reported year over year decreases of over 30 percent.

Overall, foreclosure sales fell 30 percent, year over year.
Overall activity fell from September to October in 2009.

Foreclosure filings fell 7.1 percent from September to October and foreclosure sales fell 9.8 percent.