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 fell again in October, representing the 15th straight month to show a year-over-year decrease in filings. October foreclosure filings decreased by 30% from the number of filings registered in October of 2012, according to data maintained by the Wisconsin Circuit Court. A total of 69 new foreclosures were filed in October compared to 99 filings a year ago.
Wisconsin foreclosure filings also decreased, by 23% from the number of filings registered a year ago. A total of 1,485 new foreclosures were filed in October compared to 1,918 in October of 2013.
The graph below shows the number of monthly Dane County foreclosure filings dating back to January, 2005. October was the 15th straight month to register a year-over-year decrease in filings.
This graph shows Dane County foreclosure filings for every October dating back to 2004. As the graph shows, the foreclosure total this past October was the lowest for any October in the last eight years.
The number of new Dane County foreclosure filings initiated year-to-date through the month of October decreased by 36% from the levels of 2012. A total of 752 filings were initiated year-to-date through October compared to 1,176 during the same time period in 2012.
Wisconsin foreclosures decreased by 33% from the levels of 2012. A total of 14,278 filings were initiated year-to-date compared to 21,261 in 2012. The following graph compares Dane County and Wisconsin year-to-date foreclosure growth through the month of October. The growth rates reflect the percent change from the number of foreclosures registered year-to-date through October of 2012.
From the graph below you’ll see Dane County foreclosure activity has decreased for two straight years after increasing for six straight years. Foreclosure volume in 2012 ended the year slightly above the levels from 2008.
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 both 2011 and 2012.
This information is provided courtesy of Dan Miller, Shawn Kriewaldt, Chris Venden, Dasha Shy, and Jodi Shehadi of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact:
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