Magnolia TX Foreclosure Trends – Nov 2012
There were 161 Magnolia TX foreclosure homes in November 2012, according to RealtyTrac.com with 1 in every 827 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $267,130 in November.
Magnolia TX Foreclosure Activity and 30-Year Interest Rate
Magnolia TX foreclosure activity had 23 new foreclosed homes in November while interest rates fell to 3.35%.
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 0.02% below national statistics, 0.05% above state figures, and 0.02% above Montgomery County numbers in November.
Magnolia TX Foreclosure Activity by Month
The number of bank-owned properties increased from 9 in October to 10 in November. while the number of auctions fell from at 18 to 13. There is a six month falling trend.
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 CheckOutShortSales.com and give us a call for a private consultation.
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.