Magnolia TX Foreclosure Statistics – July 2010
There were 235 Magnolia TX foreclosure homes and 44 new foreclosure filings in July 2010, according to RealtyTrac.com. The average sales price of a Magnolia TX home was $240,518 while the average sales price of a foreclosure home was $205,526, a $34,992 savings.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity decreased from 54 to 44 in July while interest rates dropped from 4.74% to 4.56%.
Magnolia TX foreclosure activity is based on total number of properties that receive foreclosure filings…default notice, foreclosure auction notice or bank repossession…each month. Interest rate is based on average 30-year fixed rate from Freddie Mac’s Primary Mortgage Market Survey.
Magnolia TX Foreclosure Geographical Comparison
Magnolia TX foreclosures were 0.04% above national statistics, 0.17% above state figures, and 0.10% above Montgomery County numbers.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties increased 17 in June 2010 to 23 in July. Auctions dropped from 37 to 21. There is a six month rising trend.
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