Magnolia TX Foreclosure Trends – October 2012

There were 167 Magnolia TX foreclosure homes in October 2012, according to with 1 in every 705 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $185,183 in October.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 27 new foreclosed homes in October while interest rates fell to 3.38%.

forecl-oct 2012 

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,  0.06% above state figures, and 0.03% above Montgomery County numbers in October.

geo-oct 2012 

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties remained at 9 in October, while the number of auctions increased from at 16 to 18. There is a six month falling trend.

trend-oct 2012 

Are you or someone you know behind on mortgage payments and facing a foreclosure? You do have options. A short sale may be the answer to saving you, your family and even some of your credit. Visit and give us a call for a private consultation.

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Whether you are new to the Magnolia Texas real estate market, thinking of moving up, or you’re an experienced investor, Pam Sitterly has the expertise, proven track record, and resources to help you buy Magnolia TX real estate for sale or market Magnolia TX homes for sale. Enthusiasm, knowledge of the area and personal concern for her client’s interests combine to make Pam an outstanding resource for your real estate transactions.

Pam works extensively to help Buyers and Sellers meet their Magnolia Texas real estate goals. For more information about buying or selling your Magnolia TX home, please call Pam at 281-723-0324 or via email with this convenient contact form.