[Note: I originally posted this on Tuesday morning, but less than two hours after I posted it, it was pushed down the page by the June NWMLS update. Since I put a lot of work into this map and I thought the content of this post was pretty interesting, I thought it deserved a little more time at the top of the page.]
Here’s an interesting visualization that shows all the listings currently on the market around Seattle, with each zip code in King, Pierce, and Snohomish broken down by “non-distressed,” short sale, and bank-owned.
Not surprisingly, the percentage of distressed listings situation gets noticeably higher as you go further north and south out of central King County.
Looking at just single-family homes, the south Puyallup zip of 98375 seems to be the most distressed area in all three counties, with just under half the homes on the market (48%) being short sales or bank-owned.
Up in Snohomish, Marysville (98270) is the most-distressed area, with 88 short sales and 24 bank-owned homes, adding up to 40% of of the 281 total homes on the market there.
In King County, a number of areas in the south are highly distressed, with Federal Way (98023 & 98003), Lakeland (98001), Pacific (98047) and East Hill-Meridian (98031) all coming in with over 40% of their listings either short sales or bank-owned.
Here are the county-wide breakdowns:
King County
- 13,090 total listings
- 2,116 short sales (16%)
- 726 bank-owned (6%)
- 22% of listings distressed
Snohomish County
- 5,184 total listings
- 1,100 short sales (21%)
- 463 bank-owned (9%)
- 30% of listings distressed
Pierce County
- 5,881 total listings
- 1,162 short sales (20%)
- 452 bank-owned (8%)
- 27% of listings distressed