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July Residential Foreclosure Analysis

August 13th, 2009

Foreclosures were up slightly in July 2009 with 552 total compared to 543 in June.

The area with the highest incidences was Raleigh-38128 up 29% from June with a total of 52 foreclosures in July and an average tax appraisal value of $80,517.

The total number of foreclosure notices issued in Shelby County was fairly consistent with June seeing only a 1% increase, Frayser being issued the most notices (102).

The ZIP Codes with the highest inventory of foreclosed properties include: Frayser (38127), Westwood (38109), Raleigh (38128) and West Person/Elvis Presley (38106) with a combined total of 1,561 properties valued at over $89 million.

Fannie Mae had the most foreclosure inventory at the close of July with 383 properties valued at almost $40 million.

Click here to review all of the Market Trend Reports from Chandler Reports. Contact wendy@chandlerreports.com to receive monthly Foreclosure Analysis Data.

Read the latest article on foreclosures from The Daily News.

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