Magnolia TX Foreclosure Trends – June 2011
There were 148 Magnolia TX foreclosure homes and 20 new foreclosure filings in June 2011, according to RealtyTrac.com. The average sales price of a Magnolia TX home was $271,298 in June while the average sales price of a Magnolia TX foreclosure home was $217,691.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity remained the same with 20 new foreclosed homes in June while interest rates dropped to 4.64%.
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 0.04% below national statistics, 0.03% above state figures, and 0.01% below Montgomery County numbers in June.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties decreased from 11 in May 2011 to 8 in June, while auctions decreased from 16 to 12. There is a six month falling trend.
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