A recent article here in the Northern Colorado area noted that foreclosure activity in Larimer County is on the decline.
Larimer County includes the communities of Berthoud, Fort Collins, Loveland, Wellington and Windsor.
Continue reading to learn more about this recent development on the Loveland CO area real estate market.
Loveland CO Area Real Estate Market Update
According to a recent report from the Colorado Division of Housing, foreclosure filings and sales fell year over year in Larimer County during the second quarter.
Here?s how that breaks down:
- Filings for Larimer County dropped by 17.6 percent ? from 403 during the second quarter of 2010 to 332 during the second quarter of 2011.
- Foreclosure sales for Larimer County dropped by 9.8 percent ? from 315 in 2010 to 194 this year.
- There were slightly more foreclosure filings during the second quarter of 2011 compared with the first quarter of this year.
Loveland CO real estate analysts agree that part of the reason for the drop in foreclosure filings is because banks have slowed down the foreclosure process in the wake of the robosigning controversy earlier this year.
Larimer County isn?t the only Colorado County that has seen drops in foreclosure rates.
According to state data, foreclosure filings across Colorado dropped by 28.2 percent between the second half of 2010 and the first half of 2011.
And between the first half of 2010 and the first half of 2011, foreclosure sales at auction across the state fell by 13 percent!
Loveland CO Real Estate Homes for Sale
The drop in foreclosures in the Loveland, CO area is good news for interested Loveland CO home sellers.
That?s because foreclosures tend to pull area home values down below true market value.
Thus, with the drop in area foreclosures, Loveland CO area home sellers have a better chance of getting a price they want for their Loveland CO home for sale.
If you?re thinking about selling your Loveland CO area home for sale, you?ll want to work with an experience Loveland real estate expert who can help you get the best price for your home in as little time as possible.
Contact me, Jason Humpal, today to learn more about how I help Loveland CO home sellers everyday on the Loveland CO real estate market.
Until next time,
Jason
Source: http://blog.century21humpal.com/2011/09/08/loveland-co-area-real-estate-foreclosures-down/