Magnolia TX Foreclosure Trends – April 2011
There were 189 Magnolia TX foreclosure homes and 27 new foreclosure filings in April 2011, according to RealtyTrac.com. The average sales price of a Magnolia TX home was $249,893 in April while the average sales price of a Magnolia TX foreclosure home was $192,109.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity decreased from 34 to 27 homes in April while interest rates remained at 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 the same as national statistics, 0.08% above state figures, and 0.03% above Montgomery County numbers in April.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties decreased from 14 in March 2011 to 12 in April, while auctions dropped from 20 to 15. There is a six month falling trend.
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