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 were even with the foreclosure total from last December, representing the 17th straight month where filings were at or below the total from the same month of the prior year. December foreclosure filings were even with the number of filings registered in December of 2012, according to data maintained by the Wisconsin Circuit Court. A total of 60 new foreclosures were filed in December compared to 60 filings a year ago.
Wisconsin foreclosure filings decreased, by 14% from the number of filings registered a year ago. A total of 1,218 new foreclosures were filed in December compared to 1,409 in December of 2013.
The graph below shows the number of monthly Dane County foreclosure filings dating back to January, 2005. November was the 17th straight month to register a total at or below the total from the year before.
This graph shows Dane County foreclosure filings for every December dating back to 2004. As the graph shows, the foreclosure total this past December was tied for the lowest total out of any December in the last 9 years.
The number of new Dane County foreclosure filings initiated year-to-date through the month of December decreased by 34% from the levels of 2012. A total of 871 filings were initiated year-to-date through December compared to 1,315 during the same time period in 2012.
Wisconsin foreclosures decreased by over 31% from the levels of 2012. A total of 16,652 filings were initiated year-to-date compared to 24,280 in 2012. The following graph compares Dane County and Wisconsin year-to-date foreclosure growth through the month of December. The growth rates reflect the percent change from the number of foreclosures registered year-to-date through December of 2012.
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.
This information is provided courtesy of Dan Miller, Shawn Kriewaldt, and Chris Venden, of Keller Williams Realty and DaneCountyMarket.com. For more information, please contact:
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