Boulder County Has Lowest Foreclosure Rate in Colorado

Our little piece of paradiseMore good news for Boulder County.

It was recently reported that Boulder County has the lowest foreclosure rate in the entire state of Colorado for the first quarter of 2013.  There was one completed foreclosure for every 1,783 households.  Across the state of Colorado the average rate was double that of Boulder’s with one completed foreclosure sale for every 670 households.

Boulder County saw a 15.6% drop in foreclosure filings in the first quarter of 2013 with a total of 124 compared to 147 for the same time last year.  Completed foreclosures are counted when a home is sold in auction and Boulder County had 68 for the first quarter which was a drop of 29% from last year’s 96 completed sales.

This is all good news for homeowners in Boulder County.  Combine this with expected employment growth and continued low mortgage rates, foreclosure rates are expected to continue to drop here in our little piece of paradise.

 

 

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