How are foreclosed houses going to affect values in my neighborhood?

Generally, although the number of foreclosures in Travis County is increasing, they are not yet at a significant level in most neighborhoods to affect value. The areas affected with increasing foreclosures seem to be mostly rural, and the price ranges are generally under $200,000. At any time, foreclosure sales may or may not represent a significant portion of neighborhood sales, and may or may not affect price levels in a neighborhood.

If the foreclosed properties sold in a neighborhood contribute significantly to the value levels in a neighborhood, then they will be considered in our valuation process. These determinations have not been made yet, but will be made by our appraisers during the next several weeks. More.

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