The foreclosure data for Colorado's 12 metropolitan counties is now available. Foreclosure filings and foreclosure auction sales were at a eight-year low during February 2014. filings remained up slightly from the all-time lows reached late last year, and auction sales remain near all-time lows. The first graph shows filings and sales for each month since 2007. There were 914 foreclosure filings and 401 foreclosure sales during February:
A six-month moving average gives us a clearer look at the overall trend. Not surprisingly, the trend has been a downward one for some time:
The third graph shows the foreclosure filings total for each month. We see that February's total was the lowest total ever recorded in February since the survey was begun in 2007. It is not an all-time low, however.
The next graph shows the foreclosure auction sales totals for each month. We see here that February's total of 401 sales is just slightly above the all-time recorded low of 386, recorded during November 2013.
Both foreclosure filings and sales are down year over year in February, which means that both filings and sales have been down YOY every month for the past 16 months.
Here are charts showing the breakouts by metropolitan counties.
This chart shows foreclosure filings for February 2013 and February 2014. Total filings were down 21.1 percent over the year.
This chart shows foreclosure auction sales comparing February 2013 and February 2014. The overall total was down 44.7 percent.
This graph shows the month over month change in foreclosure filings. From January 2014 to February 2014, total foreclosure filings fell 4.5 percent.
From January 2014 to February 2014, total foreclosure sales at auction fell 31.5 percent.
The final graph shows the foreclosure rate, based on total occupied households for each county divided by the number of foreclosure auction sales. February 2013 stats on left, and February 2014 stats on right. The lower the number, the worse the foreclosure rate: