New foreclosure filings fell 46.1% in Colorado during the first nine months of 2013, compared to the same period a year prior, the Colorado Division of Housing said.

Furthermore, there were 12,341 foreclosure filings reported from January through September of 2013, compared to 22,894 for the same time last year.

“This foreclosure cycle has largely wound down,” said Ryan McMaken, economist for the Colorado Division of Housing. “We’re looking at a nine- or ten-year low in foreclosure totals for the year.”

“40 percent drops in foreclosure filings were typical all along the Front Range this past quarter,” McMaken said. “And the declines in foreclosures have been seen in every region of the state this year.”