Monday, October 7, 2013

Through August this year, foreclosures down almost 60 percent in metro counties

According to the latest monthly foreclosure report for metro counties, from the Division of Housing:

During August 2013, foreclosure filings were down, year over year, and foreclosure filings were also down and remained near 7-year lows. Foreclosure sales at auction also remained near 7-year lows. 
August 2013 foreclosure filings were down 54.7 percent from August 2012, dropping from 2,287 to 1,037, year over year.
August 2013 foreclosure sales (completed foreclosures) were down compared to August 2012 with a decrease of 59.7 percent, dropping from 1,341 to 541, year over year.

For the first eight months of the year combined, foreclosure filings were down 46.7 percent in 2013 compared to the same period last year. There were 17,197 foreclosure filings during the eight months of 2012 and 9,171 during the same period this year.

Foreclosure auction sales were down 35.0 percent comparing the first eight months of 2013 to the same period last year. There were 8,541 foreclosure sales during the first five months of last year and 5,553 during the same period this year.
 Filings fell 9.8 percent from July 2013 to August 2013, and auction sales were down 14.3  percent over the same period. 
 Pueblo County reported the highest foreclosure rate during August, while Boulder County reported the lowest rate. (See Table 7.)