Thursday, February 13, 2014

Foreclosures in Mesa County, 2003-2013

We released the 2013 foreclosure numbers today. Foreclosure activity in Mesa County over the past eleven years has changed dramatically. The first graph below shows the foreclosure events for each year:

The peak year in filings was 2010 with 1,672 filings. The peak year for sales was also 2010 with 980 sales. From the peak (as of 2013) filings have fallen 53 percent and sales have fallen 42 percent. But, filings remain up 98 percent from 2007, and sales remain up 422 percent from 2007. 

The second graph shows year-over-year change in foreclosures. Obviously, the big year for growth was 2009 in filings. Both 2009 and 2010 showed big growth in sales. Filings grew 166 percent from 2008 to 2009, and sales grew 223 percent and 172 percent in 2009 and 2010, respectively. From 2012 to 2013, filings fell 37 percent and sales fell 33 percent.