Texas Foreclosure Filings, Sales Down In November
Foreclosure activity in Texas was down last month, according to the latest figures from RealtyTrac.
November foreclosure filings for the Lone Star State totaled 10,124, down 24.3 percent from a year ago. Total year-to-date (YTD) filings were at 115,222, down 18.9 percent.
Nationally, there were 224,394 filings, down 14.5 percent from November 2010. Total YTD filings were at 2.5 million, down 30.1 percent.
There were 6,247 posted foreclosure sales in Texas last month, down 19.1 percent from a year ago. YTD postings were down 17.3 percent, at 69,473.
Meanwhile, there were 96,540 posted foreclosure sales nationally last month, down 38.3 percent from last year. YTD postings were at 994,887, down 33.2 percent.
Real Estate Center Research Economist Dr. Jim Gaines said the impact of foreclosure moratoria from the pending agreement with states’ Attorneys General slowed foreclosures for all of 2011. But that will likely mean more foreclosure activity going into the new year.
“The pent-up foreclosure processing is expected to bust loose in 2012, so we expect to see significant percentage increases in the monthly reports for at least the first half of 2012, if not the whole year,” he said.
But that’s nationally. Gaines said Texas should fare better.
“Posted delinquencies here are falling, and Texas is a non-judicial foreclosure state, so many lenders haven’t stopped processing foreclosures, thereby preventing a backlog from forming,” he said.
Read MoreReal Estate Update – November 2011 Review – Episode 285
Evan and Richard of The Matteson Group review and discuss November 2011 in the real estate market in the Rockwall and Heath Texas areas.
- Current Properties for Sale: 495 homes
- Sales: 61
- Sale Price to List Price: 95%
- Average Days on Market: 135 days
- Type of Market:
- 0-120k – Extreme Sellers (6.3 Months)
- 120-150k – Extreme Sellers (4.3 Months)
- 150-250k – Extreme Sellers (6.0 Months)
- 250-400k – Extreme Buyers (9.5 Months)
- 400k-up – Extreme Buyers (16.9 Months)
For more info: www.TheMattesonGroup.com
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
Read MoreTexas’ Existing Home Sales Up 9 Percent In November
Sales of existing single-family Texas homes in November were up 9 percent from a year ago, according to the most recent Multiple Listing Services (MLS) data compiled by the Real Estate Center at Texas A&M University.
More than 15,000 homes were sold, data showed. The median home price was $147,600, up 1 percent from a year ago, and the state’s overall inventory was at 6.6 months.
November 2011 MLS data for many Texas cities are available on the Center’s website. Here is a sampling (data current as of Dec. 15, 2011):
|
|
Sales |
Change from |
Median |
Change from |
Months’ |
|
Abilene |
113 | down 2% | $129,200 | up 47% | 5.6 |
|
Amarillo |
196 | up 45% | $128,100 | down 2% | 5.9 |
|
Arlington |
272 | up 5% | $131,600 | up 4% | 4.8 |
|
Austin |
1,481 | up 12% | $186,400 | up 3% | 4.6 |
|
Bryan- |
124 | up 23% | $156,200 | down 2% | 8.7 |
|
Dallas |
3,254 | up 16% | $151,100 | down 2% | 5.3 |
|
Fort Worth |
574 | down 1% | $107,900 | no change | 5.8 |
|
Houston |
4,343 | up 11% | $153,800 | up 2% | 6.4 |
|
Laredo |
55 | down 30% | $121,400 | down 8% | 7.1 |
|
Longview- |
129 | down 9% | $139,500 | up 14% | 9.8 |
|
Lubbock |
178 | up 5% | $123,500 | up 4% | 7.2 |
|
McAllen |
137 | down 9% | $115,300 | up 9% | 15.3 |
|
Odessa |
81 | up 69% | $125,000 | down 19% | 3.5 |
|
San Antonio |
1,265 | down 3% | $145,400 | down 5% | 7.2 |
|
Texarkana |
75 | up 36% | $92,500 | down 10% | 9.4 |
|
Texas |
15,059 | up 9% | $147,600 | up 1% | 6.6 |
Read More
Real Estate Update – December 5-11th, 2011 – Episode 284
Evan and Richard of The Matteson Group review and discuss December 5-11th, 2011 in the real estate market in the Rockwall and Heath Texas areas.
- Current Properties for Sale: 500 homes
- Sales: 5
- Sale Price to List Price: 89%
- Average Days on Market: 214 days
- Number of Showings: 290
For more info: www.TheMattesonGroup.com
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
Read MoreReal Estate Update – 11/28-12/4, 2011 – Episode 283
Evan and Richard of The Matteson Group review and discuss November 28th to December 4th, 2011 in the real estate market in the Rockwall and Heath Texas areas.
- Current Properties for Sale: 493 homes
- Sales: 20
- Sale Price to List Price: 94%
- Average Days on Market: 138 days
- Number of Showings: 371
For more info: www.TheMattesonGroup.com
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
Read MoreReal Estate Update – November 21-27th, 2011 – Episode 282
Evan and Richard of The Matteson Group review and discuss November 21-27th, 2011 in the real estate market in the Rockwall and Heath Texas areas.
Current Properties for Sale: 491 homes
Sales: 8
Sale Price to List Price: 98%
Average Days on Market: 113 days
Number of Showings: 344
For more info:
www.TheMattesonGroup.com
Coldwell Banker Apex, Realtors
214.405.3640
Your trusted real estate advisors providing a joy filled experience!
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