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Foreclosure Rankings for Colorado Cities
Colorado has mixed results for foreclosure rankings according to a recent article from John Rebchook and InsideRealEstateNews.com. Some areas are well below the national average while others are not fairing so well and are listed on the 200 cities with the highest foreclosure rates. From a RealtyTrac report John wrote about the following cities and their foreclosure rates.
The United States had 2.87 million properties with foreclosure filings in 2010. A total of 2.23& of housing units. That is 1 of every 45 housing units.
In comparison Boulder was well below the national average with only 1 of every 76 homes with foreclosure filings. That is 1.31% of Boulder housing properties.
The Fort Collins and Loveland area was also below the national average with 1 of every 57 housing units with foreclosure filings for 1.75%. Foreclosure filings in 2010 also dropped a dramatic 11.7% from 2009.
Colorado Springs was near the national average with one in 38 homes with foreclosure filings, so respectively 2.6% of the Colorado Springs housing units.
The Denver-Aurora area had the highest total amount of homes with foreclosure filings with shy of thirty thousand homes - which equates to 2.83% of the housing units. This was above the national average by nearly a third of a percent.
Greeley had the highest foreclosure rates in Colorado and 21st of 206 metropolitan areas in the report. One in every 21 homes had foreclosure filings, or 4.68% of their housing units.
As a perspective on our site COhomefinder.com you can see Greeley real estate and the median home price of Greeley listings at $134,900 compared to all Colorado listings on COhomefinder at $209,900. That's substantial.
As you browse through Greeley properties you will see the foreclosure activity in the listing descriptions of 'foreclosure' and 'short sale.'
Based on the market snapshot for Greeley single family homes it will take 7.1 months to absorb the current inventory with 580 single family homes listed.
Across Colorado homes the market snapshot with COhomefinder listing statistics has 8.3 months to absorb the current inventory.
COhomefinder has great statistics for real estate buyers and sellers to keep in perspective. If you are looking for real estate, whether you're buying a home in Greeley or selling a home in Aurora, a local broker can show you why 8z Real Estate excels with your local real estate needs.
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