Magnolia TX Foreclosure Trends – Dec 2011
There were 173 Magnolia TX foreclosure homes in December 2011, according to RealtyTrac.com with 1 in every 528 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $235,159 in December while the average sales price of a Magnolia TX foreclosure home was $144,258, a $90,901 savings.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity had 30 new foreclosed homes in December while interest rates dropped to 3.96%.
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 0.05% above Montgomery County numbers in December.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties decreased from 17 in November to 15 in December, while the number of auctions decreased from 33 to 15. There is a six month rising trend.
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