It’s time yet again to check in on our monthly stats preview for King and Snohomish counties. Most of the charts below are based on broad county-wide data that is available through a simple search of King County and Snohomish County public records. If you have additional stats you’d like to see in the preview, drop a line in the comments and I’ll see what I can do.
First up, total home sales as measured by the number of “Warranty Deeds” filed with King County:
Looks like we didn’t quite hit last year’s peak. Most likely we’ll be looking at lower numbers for the rest of the year.
Here’s a look at Snohomish County Deeds, but keep in mind that Snohomish County files Warranty Deeds (regular sales) and Trustee Deeds (bank foreclosure repossessions) together under the category of “Deeds (except QCDS),” so this chart is not as good a measure of plain vanilla sales as the Warranty Deed only data we have in King County.
Snohomish managed to exceed last year’s peak, but since we’ve got foreclosure repossessions (trustee deeds) in the mix on this chart, we can’t really tell if plain-vanilla sales really beat last year.
Next, here’s Notices of Trustee Sale, which are an indication of the number of homes currently in the foreclosure process:
Still down month-to-month in Snohomish, but up a bit from May in King. However, both counties are down big from last year, for the fourth month in a row.
Here’s another measure of foreclosures for King County, looking at Trustee Deeds, which is the type of document filed with the county when the bank actually repossesses a house through the trustee auction process. Note that there are other ways for the bank to repossess a house that result in different documents being filed, such as when a borrower “turns in the keys” and files a “Deed in Lieu of Foreclosure.”
Still ahead of last year, but judging by the trend, it looks like this may be the last month that we beat 2010 on this measure.
Lastly, here’s an update of the inventory charts, updated with the inventory data from the NWMLS.
Both counties got a bit of a a boost from last month, but remain well below their levels from a year ago.
Stay tuned later this month a for more detailed look at each of these metrics as the “official” data is released from various sources.