Contact Info

256-508-0211 direct
Mike@MoveToHuntsville.com

Huntsville Foreclosure Trends – January 2011

By: Huntsville Real Estate Expert Mike Manosky On February 25, 2011

There were 1,365 Huntsville foreclosure homes for sale with 75 new foreclosures in January 2011. One in every 1,237 housing units received a foreclosure filing in January. The average sales price of a Huntsville home was $151,295 and the average foreclosure sales price was $136,297, a $14,998  savings, according to RealtyTrac.com.

Huntsville Foreclosure Activity and30 Year Interest Rate

Huntsville interest rates averaged 4.76% in January while the number of foreclosed homes decreased from 128 to 75.

forecl-jan 2011

Foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or bank repossession – each month. Interest rate is based on the average 30-year fixed rate from Freddie Mac Primary Mortgage Market Survey.

Huntsville Foreclosure Geographical ComparisonHuntsville foreclosure activity was in January was 0.12% below national statistics,the same as  state figures and 0.02% below Madison County statistics.

 

geo-jan 2011

Huntsville Foreclosure Activity by Month
The number of  Bank-Owned properties increased from 28 in December to 29 in January. The number of Auctions decreased from 100 to 46 and there is a 6-month rising trend in Huntwville foreclosure activity.

trend-jan 2011

Are you or someone you know behind on your mortgage payments and facing a Huntsville foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. Give me a call for a private consultation.

Learn more about Huntsville real estate.

Comments (0)

Leave a Reply