New Denver-area foreclosure filings dropped 8.6 percent in July, year-over-year according to a private marketer of foreclosure properties. Many attribute the increased foreclosure real estate in Denver available is due to a release of a moratorium of selling foreclosed properties.
Real Estate in Denver
In the ten-county Denver metro area, foreclosure filings in July totaled 2,757 properties. This equates to one for every 383 properties, dropping to 8.6%, as compared to the same time period in 2009. In the city of Denver proper, there were 619 foreclosure filings in July, or one for every 448 properties, down 10.9 percent from a year earlier.
Denver Property for Sale
According to recent official state report on foreclosures in Colorado, covering the second quarter of 2010, the Division of Housing said new foreclosure filings in Colorado fell 15.7 percent as compared to the same time period in 2009. Foreclosure sales rose, however, 17.7 percent. Denver officials attribute the Denver property for sale increase due to the moratorium on foreclosure sales that is no longer in effect.
For more information or assistance with real estate decisions, buying or selling a home, contact Dunn and Company, LLC at 720-353-0353.
