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November Foreclosure Analysis

December 10th, 2010

Foreclosures in Shelby County were down 36% in November compared to the prior year with only 265  recorded for the month.

The average foreclosure amount was up 36% to $84,948 and the average appraisal amount at the time the property foreclosed was up 24% to $129,965.

Foreclosure notices were down 23% from November 2009 with 742 filed.

Fannie Mae remains the leader in foreclosure inventory with 525 properties at the end of November valued at  $67 million. In addition to leading with inventory, Fannie Mae was also the top seller with 78 sales recorded valued at $4.9 million.

Frayser had the most foreclosed properties in their inventory at the end of the month with 294 total, valued at $20.4 million.

Click here  to review all of our Market Trends reports for Shelby, Fayette, Tipton, Davidson, Williamson and Wilson Counties.

Read the latest article from The Daily News.

Join us Tuesday, December 14th from 3:00pm-4:00pm at MAAR’s Education Center for an online demonstration of our latest features including how to prepare a professional comprehensive market analysis report. We will also cover our latest market trend reports for Shelby, Fayette and Tipton Counties!

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