MAPPING FORECLOSURE SALES

Percentage of sales that were foreclosures in 2010, by ZIP code:
30-40%

105

40% or more

45

59

20-30%
1960 90

10-20% 0-10%

290

8 10 8 610 225 99

No data

146 90A 59 6 288 35 45

Galveston Bay

Gulf of Mexico

SALES COMPARISON

Foreclosure properties accounted for about one in every five sales handled by the Houston Association of Realtors last year. Here is a comparison of sales prices for single-family homes sold through Multiple Listing Service over the past two years:
2009
Nonforeclosed Foreclosed Nonforeclosed

2010
Foreclosed

Number of sales 41,382 Average price $232,790 Median price $173,000 Most expensive $6,325,000

10,712 $105,515 $87,000 $1,685,000

38,981 $243,842 $176,500 $6,480,692

10,067 $105,160 $85,600 $1,915,000

Sales activity
The number of foreclosure home sales in the Houston area by region: Inside the Loop Between Beltway 8 and Loop 610 Outside the Beltway
2008 2009 2010

362 2,556 9,342

330 2,092 8,290 21.9%

268 1,943 8,322

Growing market
Foreclosures as a percentage of total sales handled by Realtors:
Source: Crawford Realty Advisors prepared this analysis based on sales handled by the Houston Association of Realtors Multiple Listing Service

25 % 20 15 10 5 0 3.8%

20.5%

’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08 ’09 ’10
JAY CARR : C H R O N I C L E

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