The number of filings and sales of Colorado foreclosures has a huge impact on the market in general. Over the past several months, we’ve seen a downward trend in both filings and sales. According to a report released today by the Colorado Division of Housing, while the year-over-year numbers are still down (1% decrease compared to the year to date numbers for 2011) foreclosure filings bumped up 7.3 in April when compared with April of 2011.
From the Denver Business Journal:
Foreclosure filings were up 7.3 percent in April from April 2011, while foreclosure auction sales fell 36.2 percent over the same period.
For the first four months of the year, both new foreclosure filings and foreclosure auction sales in Colorado metro areas were down when compared with the same period last year.
Foreclosure filings for the first four months of 2012 are down 1 percent from the same period last year, falling to 8,395 from 8,476.
Over the same period, foreclosure auction sales were down 29 percent, dropping to 4,387 from 6,177.
The entire report and article are worth a read. Colorado foreclosures are always a major topic when computing market stats and this report does a good job of explaining the situation.
Again, the numbers for each region, county and city vary, so if you have specific questions on your area, give our team a call at 303-726-1874 and we can run you a custom report.
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