Foreclosure sales at auction in Colorado’s largest counties fell 13 percent in the first 11 months of the year,  compared to the same period last year, according to a state report released today.

The report by the Department of Local Affairs – Division of Housing, shows that completed foreclosures  declined, but new foreclosure filings rose 12 percent for the period of January to November compared year over year.

There were 32,744 foreclosure filings and 17,160 foreclosure sales from January to November of last year. There were 36,628 filings and 14,975 sales during the same period this year.

Comparing the month of November this year to November last year, foreclosure sales fell 0.5 percent from 1,520 to 1,512, while new foreclosure filings rose 11.8 percent from 2,506 to 2,802.

Foreclosure activity fell from October to November.

Foreclosure sales fell 0.4 percent, and foreclosure filings fell 13.4 percent. Monthly totals peaked in July of this year when foreclosure sales reached 1,869 and foreclosure filings totaled 3,855.

Mesa County reported the largest year-over-year increase in completed foreclosures, with an increase of 181 percent

Boulder County and El Paso County reported increases of 126 percent and 11 percent respectively, while all other counties surveyed reported decreases in the number of completed foreclosures.

Adams County and Arapahoe County reported decreases of 22 percent and 20 percent respectively. Denver County reported the largest decline of 33 percent.

However, no counties reported decreases in new foreclosure filings for the same period. Adams and Denver Counties reported no change in totals, but all other counties surveyed reported increases, with Mesa County and Boulder County reporting the largest increases of 139 percent and 39 percent respectively.

“At this point, it appears very unlikely that the number of completed foreclosures will reach the total set in 2007 and 2008,” said Ryan McMaken, a spokesperson with the Colorado Division of Housing. “November was a relatively light month for foreclosures, but with new foreclosure filings still up compared to last year, foreclosures will continue to be a challenge.”

Foreclosure rates in metropolitan counties vary considerably. Adams County and Weld County tied for the highest foreclosure rate with 61 households per foreclosure completed year to date. Pueblo County reported a rate of 84 households per foreclosure, and Arapahoe County report 85. Boulder County reported the lowest rate among counties surveyed with a rate of 326 households per foreclosure. In spite of recent increases in foreclosure activity, Mesa County reported the second-lowest foreclosure rate of 199 households per foreclosure.

For all counties surveyed, the overall foreclosure rate was 128 households per completed foreclosure.

County	2008	2009	Percent Change
Adams	3232	2515	-22
Arapahoe	3222	2585	-20
Boulder	159	360	126
Broomfield	116	113	-3
Denver	4220	2810	-33
Douglas	998	948	-5
El Paso	2010	2234	11
Jefferson	1746	1508	-14
Larimer	759	727	-4
Mesa	102	287	181
Pueblo	717	719	0
Weld	1449	1448	0
Total	17160	14975	-13

.

County	2008	2009	Percent Change
Adams	5227	5215	0
Arapahoe	5426	5590	3
Boulder	947	1316	39
Broomfield	248	306	23
Denver	5717	5740	0
Douglas	1922	2408	25
El Paso	4179	4886	17
Jefferson	3340	3670	10
Larimer	1493	1947	30
Mesa	442	1058	139
Pueblo	1222	1456	19
Weld	2581	3036	18
Total	32744	36628	12

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Movement in new foreclosure filings was mixed.  Arapahoe, Boulder, Larimer and Mesa Counties all reported sizable increases year over year, while Adams, Denver, Douglas, El Paso, and Weld Counties reported decreases in foreclosure filing activity over the same period.

Decreases were more widespread with foreclosure sales. Sales totals dropped in all counties except Boulder and Mesa Counties. Adams, Arapahoe, and Denver reported year over year decreases of over 30 percent.

Overall, foreclosure sales fell 30 percent, year over year.

Foreclosure filings in several counties.

Foreclosure filings fell 7.1 percent from September to October and foreclosure sales fell 9.8 percent.

Comparing year-over-year, foreclosure sales fell 30.1 percent overall with totals falling from 2,171 to 1,518.

Mesa County reported the largest increases in sales activity with an increase of 225 percent. Foreclosure sales also increased significantly in Boulder County with an increase of 28 percent.

Foreclosure  filings totals fell 7.1 percent overall from September to October of this year, with totals falling from 3,480 to 3,234.

Totals fell in every county except Denver County and Mesa County where they increased 6 percent and 21 percent respectively.

Pueblo reported the largest fall in totals with a decline of 37 percent.

Foreclosure sales totals increased 21 percent overall from September to October of this year, with totals rising from 1,682 to 1,518.

Only Boulder County reported a sizable increase during this period with an increase of 18 percent. All other counties surveyed reported decreases, with the largest decreases occurring in El Paso and Larimer Counties.

Contact John Rebchook at JRCHOOK@gmail.com or 303-945-6865.

Related Posts:

• Foreclosure activity peaked in July
• May-to-June foreclosures not encouraging
• Foreclosures by the numbers
• Foreclosures fall 10.5 percent
• Foreclosure sales down