There were 3,239 foreclosed homes in Collin County with an average sales price of $206,001 with 642 new foreclosed homes in July 2009, according to RealtyTrac.com. Foreclosed homes sold 15% less than other homes with the average sales price for all Collin County and Dallas homes being $242,160.
Collin County and Dallas Foreclosure Activity and Home Price Index
Collin County and Dallas foreclosure activity increased dramatically in July with 139 more foreclosures than in June. At the same time, the Home Price Index remained relatively unchaged from June.
Collin County and Dallas foreclosure activity is based on the total number of properties that receive foreclosure filings – default notice, foreclosure auction notice or repossession notice – each month. Home price appreciation is based on month-over-month percentage change of the Home Price Index. The Home Price Index is calculated from home sales records.
Collin County and Dallas Foreclosure Geographical Comparison
Collin County Dallas foreclosure activity is 0.06% lower than national statistics and 0.09% higher than Texas figures.
Collin County and Dallas Foreclosure Activity by Month
The significant increase of Collin County and Dallas auction and bank-owned activity in July indicates we will see many more foreclosures in the coming months.
Are you or someone you know behind on your mortgage payments and facing a Dallas foreclosure? You do have options. A short sale may be the answer to saving you, your family and your home. As a Certified Distressed Property Expert (CDPE), I have the skills and knowledge to help save you your home and your family. Give me a call for a private consultation.
Tags: cdpe, dallas foreclosure, short sale
This entry was posted on Monday, August 31st, 2009 at 1:27 pm and is filed under Dallas Fort Worth, Foreclosure, Home Seller, Money Matters, Real Estate, Tips for Sellers. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.