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Dane County foreclosures increase in August

By Dan Miller

Real Estate Agent with RE/MAX Preferred, Madison, Wisconsin

September 12, 2010 01:31 AM

Dane County foreclosures increased in August after posting decreases in June and July. A total of 153 Dane County foreclosures were filed in August, an increase of 1.3% from the 151 foreclosures filed in August of 2009.

Dane County monthly foreclosures

Foreclosures remain very high by historical standards. This graph shows the number of Dane County foreclosures filed in every August dating back to 2005.

Dane County foreclosures - month of August

August foreclosures are up by 314% from the number of foreclosures filed in August of 2005.

For our full Dane County foreclosure report, please see the economic trends page at DaneCountyMarket.com . Our report also has information on foreclosure filings for the State of Wisconsin.

If you are interested in buying a foreclosed home, you can learn how to create your own foreclosure search here, or try our foreclosure quick search tools, which are already set up to locate foreclosed properties in 13 different Dane County communities.

Have a great Sunday,

Dan Miller, Realtor, Keller Williams Realty and DaneCountyMarket.com

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Dawn Crawley

Dawn Crawley Realty - Pinehurst, NC

Find Pinehurst Homes

At least the rate of increasing foreclosures is declining. Could that suggest a bottom in the real estate market in general?

Sep 12, 2010 01:34 AM

Gita Bantwal

RE/MAX Centre Realtors - Warwick, PA

REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

I am sorry to read that foreclosures have increased in your county.

Dan Miller

RE/MAX Preferred, Madison, Wisconsin - Madison, WI

Helping you Buy and Sell in Madison, Wisconsin

Dawn, I agree it is encouraging the foreclosure growth rate is moderating. Even when foreclosures start a clear downward trend, I do believe there will still be downward pressure on prices. It will take some time for all of the excess inventory to be absorbed back down to more balanced levels.

Sep 12, 2010 01:47 AM

Laura S. Baker

First Weber Inc - Lake Mills, WI

Realtor (920) 728-4118, First Weber Inc

Is there a way us stagers can help that issue? I keep thinking there is more I can do to help people in these situations. More I can do to help the banks properties not loose value. Do you have any ideas? Clearly I have to charge for my services, but I have the expertise to help properties move quicker and I hate that houses are just sitting there depreciating!

Sep 12, 2010 02:25 AM

Dane County foreclosures increase in August

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