Magnolia TX Foreclosure Statistics – October 2010
There were 272 Magnolia TX foreclosure homes and 37 new foreclosure filings in October 2010, according to RealtyTrac.com. The average sales price of a Magnolia TX home and a Magnolia TX foreclosure home was $209,151.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity decreased from 50 to 37 in October while interest rates dropped from 4.35% to 4.23%.
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 0.02% below national statistics, 0.10% above state figures, and 0.06% above Montgomery County numbers.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties decreased from 16 in Sept 2010 to 12 in Oct. while auctions decreased from 34 to 25. There is a six month rising trend.
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