Magnolia TX Foreclosure Trends – Sept 2011
There were 174 Magnolia TX foreclosure homes in Sept 2011, according to RealtyTrac.com with 1 in every 304 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $219,927 in Sept while the average sales price of a Magnolia TX foreclosure home was $131,631, a $80,680 savings.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity had 52 new foreclosed homes in Sept while interest rates dropped to 4.11%.
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 0.16% above national statistics, 0.23% above state figures, and 0.18% above Montgomery County numbers in Sept.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties increased from 6 in August 2011 to 17 in Sept, while the number of auctions increased from 12 to 35. There is a six month rising trend.
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