More positive news on Colorado foreclosures came out yesterday from the Colorado division of housing. While the headlines say that filings are at the lowest level since 2007, the numbers are actually the lowest they have ever been since the state began collecting this type of data.
Keep in mind that this report details new filings for Colorado foreclosures, not sales of Colorado foreclosures. Sales of these home’s are reported by the MLS and we will detail those when they release their next report.
This report details the data for filings in 12 Colorado urban counties for the month of November. So this data includes Denver foreclosures as well as foreclosures for the surrounding areas.
From the Denver Business Journal:
In Denver County, foreclosure filings declined 35.9 percent in November from a year earlier, to 200. Boulder, Douglas and Weld counties all saw year-over-year declines over 50 percent.
Meanwhile, foreclosure auction sales declined 31.8 percent in November from a year earlier, to 880, in the 12 urban counties, the Division of Housing report said.
For the year to date through November, urban-county foreclosure filings were down 6.5 percent from the same months of 2011, and foreclosure sales were down 19.9 percent.
While the number of foreclosure has seen a steep decline over the last year, there are still many great deals for Denver foreclosures and Denver short sales available for buyers looking for a great deal. If you would like more information on available homes, call one of our agents now at 303-726-1874.