Early this week, we posted here about a report from the Colorado Division of Housing showing mixed numbers for Colorado foreclosures in April. Yesterday, RealtyTrac released its report, showing a a slightly more positive number. According to this report, year over year numbers for Colorado foreclosures and related filings have dropped 15.5 %.
While the reports don’t match up, its interesting to see that both sources are showing a continued positive trend for both foreclosure filings and sales.
From the Denver Business Journal:
The number of Colorado properties with foreclosure filings fell 0.88 percent in April from March and dropped 15.5 percent from April 2011, according to a monthly report Thursday from RealtyTrac Inc.
The state had 3,709 properties with filings last month, or one out of every 597 housing units statewide, down from the March tally of 3,742 properties, or one in 591 properties, according to RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.
RealtyTrac ranked Colorado 11th among the 50 states for its foreclosure filing rate in April, down from 10th in March.
This continues the trend we’ve been seeing for several months painting a much improved picture for Colorado foreclosures when compared to recent years. In addition, our state tends to be ahead of the nation for both foreclosure recovery and general housing sales.
If you have questions or would like to talk about these numbers, give our team a call at 303-726-1874.
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