MAPPING FORECLOSURE SALES 40-62%

Percentage of
30-40%
sales that were
foreclosures in 20-30%
2008, by ZIP
10-20%
code: 105

0-10%
45 59

1960 90
290

8
8
10
610
225
99
146
Galveston
90A
Bay
59
6 45

288
35

SALES Gulf of
Mexico
COMPARISON
Foreclosure properties
have made up a growing
percentage of overall home sales handled by the
Houston Association of Realtors, accounting for 22
percent of sales in 2008. Here is a comparison of sales
prices for single-family homes sold through the Multiple
Listing Service over the past two years:
2007 2008
Non- Non-
foreclosed Foreclosed foreclosed Foreclosed
Number of sales 55,822 11,061 43,752 12,260
Average price $227,821 $116,752 $240,596 $109,558
Median price $165,000 $100,000 $173,028 $90,905
Most expensive $8,500,000 $1,065,000 $9,940,000 $2,650,000

Sales activity
The number of foreclosure home
sales in the Houston area by region: 2003 2007 2008

Inside the Loop 124 293 362

Between Beltway 8 and Loop 610 706 2,152 2,556
Outside the Beltway 2,467 8,616 9,342

Growing market 20 % 21.9%

Foreclosures as a
percentage of 15
total sales
handled 10
by Realtors:
3.8%
5
Source: Crawford Realty
Advisors prepared this
analysis based on sales 0
handled by the Houston ’00 ’01 ’02 ’03 ’04 ’05 ’06 ’07 ’08
Association of Realtors
Multiple Listing Service JAY CARR, LISE OLSEN : C H R O N I C L E