Magnolia TX Foreclosure Statistics – September 2010
There were 247 Magnolia TX foreclosure homes and 50 new foreclosure filings in September 2010, according to RealtyTrac.com. The average sales price of a Magnolia TX home and a Magnolia TX foreclosure home was $205,004.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity increased from 38 to 50 in Sept while interest rates dropped from 4.43% to 4.35%.
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 0.06% above national statistics, 0.20% above state figures, and 0.13% above Montgomery County numbers.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties increased from 13 in August 2010 to 16 in Sept. Auctions increased from 25 to 34. There is a six month rising trend.
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