Colorado Bank Owned Homes: Colorado Forecosures Hit 5 Year Low

Some big, positive numbers for came out today from RealtyTrac. According to their report, the number of properties in Colorado with foreclosure filings in September fell over 20% from September of 2011. In addition, the month-over-month nuber fell nearly 8%!

While these number corespond with other reports, these are HUGE improvements and support what we have been saying for over a year: the Colorado housing market, including, but not limited to Colorado foreclosures, is in a slow, steady climb.

From the Denver Business Journal:

The number of Colorado properties with foreclosure filings fell 20.3 percent in September from the same month in 2011, and was down 7.9 percent from August, according to a monthly report Thursday from RealtyTrac Inc.

The state had 3,869 properties with filings last month, or one out of every 572 housing units statewide, said RealtyTrac, an Irvine, Calif.-based private marketer of foreclosure properties.

RealtyTrac ranked Colorado eighth among the 50 states for its foreclosure filing rate in September.

The market for and continues to be in constant change. If you would like information on a certain area or have specific questions, give our team a call at 303-726-1874. We can provide you an up to date list of homes and set you up on daily email alerts so you don't miss any of the great opportunities that are only on the market for a day or two.