Foreclosure Facts: Most DFW Homes Posted for Foreclosure are $200,000 and Below

Published August 31, 2011 by Candy Evans

A few quick facts from Foreclosure Listing Service that should help us catch our breath as we listen to the barrage of depressing national stats coming down the pike. But here in Dallas:

  • “The average Joe is still the one feeling the pains of this foreclosure crisis.”
  • “83% of the homes posted for foreclosure so far this year were valued at under $200,000.”
  • “Homes valued below $100,000 were the only ones to experience an increase in Year-to-Date posting activity with a 7% increase
  • “Among the other five home price categories, posting activity declined compared to one year earlier.”
  • “The largest share of residential posting activity in the Metro so far this year was claimed by homes valued in the $100,000 to $199,999 price range (based on assessed value).  With 23,219 postings filed, around 50% of all the homes posted for foreclosure so far this year fall within the $100,000 to $199,999 price range.”
  • “The second highest share of home postings was 33% found among homes priced below $100,000.”
  • “Just 17% of the homes posted for foreclosure so far this year have a value of $200,000 or more.”
  • “Executive homes, those priced between $300,000 and $499,999, only claimed 2% of the total posting activity with 720 postings.”
  • “Only 227 postings were filed on D/FW luxury homes, which include those priced at $500,000 or more”
— Daily Local Real Estate Dish By Dallas Real Estate Insider — Candy Evans at CandysDirt.com