Foreclosures-Foreclosures-Foreclosures ... the housing market has been greatly affected by them for the past 3 years. However, with the controversey of foreclosure paperwork being a "rubber stamped" process at the end of last year and with it still being tweaked, the number of foreclosures on a national scale has continued to decrease. According to RealtyTrac's latest report, February saw a 27% decrease from February 2010. As of the end of February, RealtyTrac has Texas ranked as #23 with a total of 11,562 houses that are in the foreclosure process.
So what does that mean for us in the Lake Ray Hubbard area? Like the national outlook, foreclosures are still affecting our Housing Market and the prices. See below to get a peak of the Foreclosures in your City.
GARLAND
2011 ... 112 Foreclosures are Currently on Market, 88 Pending Sale, & 91 Sold (Average Sale Price / SqFt $43.88) out of the 151 Total Sales (Average Sale Price / SqFt $66.49)
ROWLETT & SACHSE
2011 ... 48 Foreclosures are Currently on Market, 55 Pending Sale, & 49 Sold (Average Sale Price / SqFt $55.97) out of 140 Total Sales (Average Sale Price / SqFt $71.91)
ROCKWALL
2011 ... 19 Foreclosures are Currently on Market, 17 Pending Sale, & 11 Sold (Average Sale Price / SqFt $54.76 ) out of 72 Total Sales (Average Sale Price / SqFt $83.96)
If you'd like to receive foreclosure information on a specific neighborhood let me know & I'll gladly share it with you.
