Last Update on Houston foreclosures

Houston Foreclosure Listings

A search of foreclosure listings in Houston will show that there are 6,701 homes available at below market prices. Particularly, 2,691 are Houston bank foreclosures and 4,010 are on auction. Prices range from $2,921 for a house with three bedrooms and two bathrooms (this is equivalent to a price per square foot of only $2) to $995,543 for a mansion with four bedrooms and six bathrooms.

Latest Foreclosure Homes

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Houston Bank Foreclosures

Houston is Texas' fourth largest city and has a population of over 2 million residents. This city welcomes visitors, tourists, and new residents from all places. Employment opportunities abound in this area of Texas. This is also one of the cities having affordable housing opportunities. In fact, Builder and Hanley Wood Market Intelligence named Houston as the healthiest housing market in Texas in February 2009. No wonder people love to be here. Recently, there are 6,524 foreclosure properties in Houston. Interested buyers can get the best buy of these foreclosed homes since the average price per square foot for homes in Houston is $53.

Houston is a young and vibrant city that attracts people who are full of energy and optimism, and who like to make things happen. With a population of 2.1 million living in a total area of 579 square miles, Houston is the largest city in Texas and the fourth largest in America. It also has the youngest population in the country with 65% under 30 years of age.

Houston is rated as a beta world city. Its economy has a broad industrial base that includes energy, aeronautics, manufacturing and transportation. Ever since the discovery of oil in 1901, Houston has been the energy capital of the world and is a leading builder of oilfield equipment. Houston is famous as the home of NASA where the Johnson Space Center and Mission Control are situated. The city also has one of the largest concentrations of healthcare and research institutions in the world, and the Port of Houston handles the most international waterborne tonnage in the country. Being a major port, Houston is a multicultural city with over 90 different languages being spoken.

For a young family looking for affordable housing and a promising future, Houston is the place to be. For the period ending 23 March 2011, the average price per square foot for homes on sale was just $56. The average listing price was $270,163, while the median sales price in the period of December 2010 to February 2011 was $84,950. The average per capita income is above the state average at $20,100.

Popular neighborhoods include Greater Heights, Great Uptown, Memorial, Clear Lake and Briarforest with prices ranging from $231,276 to $612,182. However, investments with promising returns can also be made in Evergreen Woods, Willowood, Enclave At Olde Oaks Amed (which has a week-on-week, average price list appreciation of +16.3%), Second Ward (+16.0%) and Fourth Ward.