Magnolia TX Foreclosure Trends – January 2011
There were 272 Magnolia TX foreclosure homes and 57 new foreclosure filings in January 2011, according to RealtyTrac.com. The average sales price of a Magnolia TX home was $162,417 in January while the average sales price of a Magnolia TX foreclosure home was $206,934.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity increased from 38 to 57 homes in January while interest rates increased from 4.71% to 4.76%.
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 0.17% above national statistics, 0.21% above state figures, and 0.11% above Montgomery County numbers in January.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties decreased from 21 in December 2010 to 11 in January while auctions climbed from 17 to 46. There is a six month rising trend.
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