Foreclosure auctions sales in Colorado were down nearly 19 percent last year compared to 2011. There were 15,903 foreclosure auctions sales in 2012 down from 18,617 in 2011 according to the Colorado Division of Housing.
Foreclosure sales are opened foreclosures that have proceeded through the full foreclosure process to final sale at public auction.
The Colorado Division of Housing Economist Ryan McMaken says last year’s foreclosures figures [.pdf] were down to 2006 levels.
“There are also many more households now than in 2006, so if you adjust the foreclosure rate for the population growth, we’re almost back at 2005 levels.”
New foreclosure filings also fell last year by 10.6 percent to 28,579 from 31,975 in 2011.
Eleven of the state’s twelve metropolitan counties reported year-over-year declines in the number of foreclosure auction sales from 2011 to 2012.
Only 15 of Colorado’s 64 counties reported increases in completed foreclosures from 2011 to 2012.
