Magnolia TX Foreclosure Trends – Dec 2012

There were 157 Magnolia TX foreclosure homes in December 2012, according to with 1 in every 951 housing units receiving a foreclosure filing. The average sales price of a Magnolia TX home was $267,130 in December.

Magnolia TX Foreclosure Activity and 30-Year Interest Rate

Magnolia TX foreclosure activity had 20 new foreclosed homes in December while interest rates remained at 3.35%.

forecl-dec 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 0.01% below national statistics,  0.04% above state figures, and 0.03% above Montgomery County numbers in December.

geo-dec 2012

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties decreased from 10 in November to 8 in December. while the number of auctions fell from at 13 to 12. There is a six month falling trend.

trend-dec 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.