Time for our monthly stats preview now that July is behind us. Most of the charts below are based on broad county-wide data that is available through a simple search of King County Records and Snohomish County 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 the county:
Warranty Deeds plummetted 31% from June to July, (compared to just a 3% MOM increase June to July 2009). YOY Warranty Deeds were down 22%. If the recent relationship between WD and NWMLS closed sales holds, we can expect to see about 1,250 closed SFH sales in King County this month. That would be the slowest July on record.
Here’s a long-range view of King County Warranty Deeds, to give you a little more context:
Here’s a look at Snohomish County Deeds, but keep in mind that Snohomish County files Warranty Deeds and Trustee Deeds together under the category of “Deeds (except QCDS),” so this chart is not as good a measure of plain vanillla sales as the Warranty Deed only data we have in King County.
Similar drop in Snohomish County.
Next, here’s Notices of Trustee Sale, which are an indication of the number of homes currently in the foreclosure process:
Month-to-month increase in King, decrease in Snohomish, but both came in well over where they were a year ago.
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.”
New high in actual foreclosure repossessions in King County.
Lastly, here’s an approximate guess at where the month-end inventory was, based on our sidebar inventory tracker (powered by Estately):
Looks like King County may surge over 10,000 listings for the first time in two years.
Stay tuned later this month a for more detailed look at each of these metrics as the “official” data is released from various sources.