Hello from Breckenridge, Colorado!
What’s going on with foreclosures in Summit County? Are there more than ever, or fewer than there were?
Get the quick answer from our 1-minute video, or see the details below.
The short answer is: The wave of foreclosures has clearly crested, and is on the decline. The number of foreclosures in Summit County is half of what it was last year, and only about one-third of what it was in 2011.
The chart below shows the number of properties that went into foreclosure in Summit County:
- All property types (homes, condos, land, commercial, etc) are included except timeshares
- In 2008, there were only 33 foreclosures, county-wide. In 2009: 47. Then a big jump to 104 in 2010, peaking at 145 foreclosures in 2011.
- So far, through the end of November 2013, we’ve had 46, vs 82 last year at this time. So, we are at roughly half the number of foreclosures compared to last year at this time. Good news!
- At the end of November 2011, there were 137 foreclosures. Compare to 46 so far in 2013, we have only one-third the number of foreclosures vs 2011. That’s great news!
The raw data for this chart was provided by Maggie Dew, the Business Development Officer for the Summit County branch of Stewart Title. You can reach her at (970) 393-2536. Thanks, Maggie!
Please contact us if you have any questions about the above information.
Roger & Teresa Moen
Your Mountain Realtors