The April foreclosure data for Colorado's 12 metropolitan counties is now available. Foreclosure filings and foreclosure auction sales were near an eight-year low during April 2014, with foreclosure filings dropping 29 percent, year over year, from April 2013 to April 2014. Foreclosure auction sales, over the same period, dropped 38.9 percent in all metros combined.
The first graph shows filings and sales for each month since 2007. There were 876 foreclosure filings and 470 foreclosure sales during April:
A six-month moving average gives us a clearer look at the overall trend. Not surprisingly, the trend has been generally downward for some time, but has flattened out in recent months:
The third graph shows the foreclosure filings total for each month. We see that April's total was the lowest total ever recorded in April since the survey was begun in 2007, and is thus an 8-year low for April.
The next graph shows the foreclosure auction sales totals for each month. We see here that April's total of 470 is still slightly above 2008's April total when a change in the foreclosure process forced a very small number of completed foreclosures.
Both foreclosure filings and sales are down year over year in April, which means that both filings and sales have been down YOY every month for the past 18 months.
This chart shows foreclosure filings for April 2013 and April 2014. Total filings were down 29 percent year over year.
This chart shows foreclosure auction sales comparing April 2013 and April 2014. The overall total was down 38.9 percent.
This graph shows the month over month change in foreclosure filings. From March 2014 to April 2014, total foreclosure filings fell 10.7 percent.
From March 2014 to April 2014, total foreclosure sales at auction rose 16.3 percent.
The final graph shows the foreclosure rate, based on total occupied households for each county divided by the number of foreclosure auction sales. April 2013 stats on left, and April 2014 stats on right. The lower the number, the worse the foreclosure rate: