Magnolia TX Foreclosure Trends – March 2011
There were 184 Magnolia TX foreclosure homes and 34 new foreclosure filings in March 2011, according to RealtyTrac.com. The average sales price of a Magnolia TX home was $242,434 in March while the average sales price of a Magnolia TX foreclosure home was $181,508.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity decreased from 42 to 34 homes in March while interest rates decreased from 4.95% to 4.84%.
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 0.03% above national statistics, 0.10% above state figures, and 0.08% above Montgomery County numbers in March.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties increased from 12 in February 2011 to 14 in March while auctions dropped from 30 to 20. There is a six month falling trend.
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