Magnolia TX Foreclosure Trends – April 2012
There were 153 Magnolia TX foreclosure homes in April 2012, according to RealtyTrac.com with 1 in every 453 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $235,159 in April 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 42 new foreclosed homes in April while interest rates dropped to 3.91%.
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 0.08% above national statistics, 0.13% above state figures, and 0.08% above Montgomery County numbers in April.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties increased from 17 in March to 19 in April, while the number of auctions decreased from 27 to 23. There is a six month rising trend.
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