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Colorado Foreclosures drop to the lowest rate in 4.5 years

Posted by The Steamboat Group on Wednesday, November 16th, 2011 at 11:03am.

The latest statewide stats show continued improvement in Colorado. People from Denver and front range make up about half of our real estate market in Steamboat Springs so increasing confidence statewide makes more people comfortable to look more seriously in Steamboat. I have 5 people from the front range looking seriously or under contract and most mentioned improvements in their local housing markets as a reason they got serious. While we are not out of the woods yet inflection points in Colorado and other key markets for Steamboat are a great sign and people from these areas have gotten more serious about securing their home in Steamboat as a result.

From the Denver Post "Colorado foreclosures fell more than expected last month to a 42-month low in metropolitan counties.
Colorado Division of Housing spokesman Ryan McMaken says a report released Wednesday shows auction sales were down 28 percent over October last year. McMaken says it appears there is a downward trend in foreclosures that is expected to continue. "

See the article in the Denver Post

If you would like to know more about Steamboat or our local real estate market just let me know, I tell it like it is. Jon Wade 970-879-0879

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