Foreclosure sales fall to six-year low in August

The number of homes sold at foreclosure auctions fell to a six-year low in August, according to a report released today by the Colorado Division of Housing.

Foreclosure auction sales were down 10.4 percent last month compared to August last year, falling from 1,497 to 1,341, according to the report.

Foreclosure filings also were down, falling 1.6 percent from 2,325 to 2,287 during the same period.

Foreclosure filings for the first eight months of the year were up 4 percent from 2011, but auction sales were down 25.7 percent for the same period.

“With all of the slowdowns and the administrative delays that pushed foreclosure filings down so far last year, I expected a larger increase in filings this year than we’re seeing,” said Ryan McMaken, spokesman for the Division of Housing. “Instead, new foreclosures are only up slightly this year, while completed foreclosures really dropped off, reflecting last year’s big drop in new filings.”

The counties with the largest declines in foreclosure filings were Weld and Boulder counties, where filings decreased by 8.3 percent and 8.6 percent, respectively. Mesa County, however, reported a 26.4 percent increase in foreclosure filings over the same period.




Great schools and great homes from the low $200’s at High Point

As the school year gets into swing, the High Point community is welcoming students to the two charter schools serving the area. Homes are available for families wanting to live nearby.

Families can choose from houses built by Ryland Homes or Richmond American Homes, all priced in the $200,000 range with availability for immediate move-in. They can enroll their children in High Point Academy, an award-winning tuition-free charter school, or Sims-Fayola International Academy, an all-boys charter school serving 6th- and 9th-graders in their first year. Both are just a short walk from The Grove neighborhood.

“Our big focus is on data-driven instruction,” said Annette Sloan, spokeswoman for the academy. “Teachers analyze students’ performance data to make sure they really understand the material.”

Founded seven years ago, High Point Academy offers students an education that focuses not only on high academic standards, but also in character development, community involvement, technology, language and wellness.

Offering pre-school through 8th grade, parents still can enroll their children in half-day kindergarten and the 3rd, 6th, 7th and 8th grades.

A new school to the High Point community is Sims-Fayola International Academy. Located on Argonne Street just north of High Point Boulevard, Sims-Fayola engages students in international studies, leadership and character development, and service-based activities. They will be adding new grades each year, ultimately offering a full middle school and high school curriculum.

High Point is a 1,600-acre mixed-use community in northeast Denver and Aurora. In addition to the homes offered by Ryland and Richmond American, D.R. Horton also has a quick move-in home available.  The Grove neighborhood at High Point already has a private pool and cabana and is the first of many planned parks.

There are now 64 homes occupied at High Point. At full build-out, there will be over 1,700 single-family homes and nearly 500 multi-family units.

The community also will include a business district and up to 500,000 square feet of retail space, including a planned town center.

“When it’s completed, High Point will not only be a great place to live, it also will be a job generator,” said Ed Zebrowski, senior vice president of LNR Property LLC, which is developing High Point.

GETTING TO HIGH POINT: From Denver, take I-70 east to Pena Boulevard, turn right onto Tower Road, then turn left at E. 64th Avenue. From Commerce City or Aurora, take E-470 to Pena Boulevard west, turn left onto Tower Road, then turn left at E. 64th Avenue.