Magnolia TX Foreclosure Trends – August 2013

In August, the number of properties that received a foreclosure filing in Magnolia, TX was 7% lower than the previous month and 50% lower than the same time last year, according to RealtyTrac.com.

Magnolia TX Foreclosure Discount

Median sales price compared to foreclosure median sales price. Foreclosed homes sold for $61,249 or 37.1% less than regular homes in July 2013.

discount-aug-2013

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,  0.04% higher than state figures, and 0.02% higher than Montgomery County numbers in August.

geo-aug-2013

Magnolia TX Foreclosure Activity by Month

The number of bank-owned properties increased 133.3% from July and dropped 46.2% from the previous year. The number of auctions decreased 41.7% from July and 53.3% from the August 2012.

trend-aug-2013

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.

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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.