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June 2014 Dane County Foreclosures


By Dan Miller danielmiller@kw.com
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Monthly Trend

A quick note on how you can search for Dane County and Madison foreclosures: We have six foreclosure search tools to assist you with your bank owned (REO) and short sale property search. All 6 tools are available on our foreclosures and property search menus. Our monthly Dane County foreclosure report follows.

Dane County foreclosures weighed in slightly above the levels from last June.  June foreclosure filings increased by 1 from the number of filings registered in June of 2013, according to data maintained by the Wisconsin Circuit Court. A total of 60 new foreclosures were filed in June compared to 59 filings a year ago.  

Wisconsin foreclosure filings decreased, by 17.5% from the number of filings registered a year ago. A total of 1,032 new foreclosures were filed in June compared to 1,251 in June of 2013.

The graph below shows the number of monthly Dane County foreclosure filings dating back to January, 2005. Foreclosures have been trending lower for the last 3 years.

This graph shows Dane County foreclosure filings for every June dating back to 2004. As the graph shows, the foreclosure total this past month is on par with the number of foreclosures filed in 2006.


Year-to-Date Trend

The number of new Dane County foreclosure filings initiated year-to-date through the month of June decreased by 26.1% from the levels of 2013. A total of 345 filings were initiated year-to-date through June compared to 467 during the same time period in 2013.

Wisconsin foreclosures decreased by 23.9% from the levels of 2013. A total of 6,699 filings were initiated year-to-date compared to 8,799 in 2013. The following graph compares Dane County and Wisconsin year-to-date foreclosure growth through the month of June. The growth rates reflect the percent change from the number of foreclosures registered year-to-date through June of 2013.


Recent History

From the graph below you’ll see Dane County foreclosure activity has decreased for three straight years after increasing for six straight years. Foreclosure volume in 2013 ended the year at the lowest level in the past 7 years. 

The following graph compares Dane County and Wisconsin foreclosure growth dating back to 2001. Prior to 2011, Dane County foreclosure growth had outpaced growth at the statewide level for 5 of the previous 6 years. Foreclosure growth in Dane County was lower than the statewide level in 2011, 2012, and 2013.


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This information is provided courtesy of Dan Miller Shawn Kriewaldt Chris Venden  and Tammy Steiner of Keller Williams Realty and DaneCountyMarket.com.  For more information, please contact:

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