Houston Bank Foreclosure Report | Week 2 July 2007
Posted Sep 6, 2007 @ 9:11 pm, Viewed by 420 Visitors, Read 447 Times.
Bank Foreclosure Report | Week 2 July 2007 |
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| Total Properties Sold | 194 |
| Average Square Footage | 2014 |
| Average Days on Market | 68 |
| Min Sales Price | 12,500 |
| Average Sales Price | 117,944 |
| Max Sales Price | 990,000 |
| Selling Price/Asking Price | 0.96 |
| Average Price/SF | 59 |
| Max Price/SF | 212 |
The activity in the bank foreclosure market picked up in the second week of July with a total of 194 post foreclosure homes sold (up 40% from Week 1). Days on Market were lower in the second week which indicates faster selling times even though average selling price per square foot went up slightly.
Noteworthy Subdivisions and Neighborhoods: Heights, Westhaven Estates, Kelliwood, Memorial Northwest, Olde Oaks, Copperfield
Erion Shehaj is the Chief Investment Advisor at Signature Real Estate - Where we practice a conservative approach to real estate investments that is based on thorough research and extensive knowledge of the market. If you are interested in investing in bank foreclosures in the Greater Houston Area, contact us at 713-952-3200 or check out our company website for houston bank foreclosures
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I have just published a California Home Foreclosure Market Statistics report that details the availability of foreclosure/distressed properties, home price movements, and housing inventory statistics by the different areas of California. For those who are interested to seed out these properties, this should give you some hints of where to find these properties. - Henry California Real Estate Blog