local real estate news, statistics, and commentary without the sales spin.
As promised earlier this week, it’s time to check up on median home sale prices broken down by distress status: Non-distressed, bank-owned, and short sales. As of June, the non-distressed median price for King County single family home sales sits at $460,000, up 7.0% from a year earlier and up 4.3% from May. Last year…
It’s time for our detailed look at June’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: June 2013 King: 584 NTS, down 9% YOY Snohomish: 349 NTS, down 10% YOY Pierce: 506 NTS, up 24% YOY Just as predicted, we’ve started to flip to year-over-year declines. This…
With the dramatic increase in mortgage interest rates that we’ve seen over the last few weeks, I thought that it now would be a good time to take another look at what the affordability numbers look like. As a reminder, the affordability index is based on three factors: median single-family home price as reported by…
Time to take look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In June 2012 9.4% of the sales of single-family homes in King County were bank-owned. In June 2013 that number was just 5.7%. We’ve now matched the low of 5.7% set in November. Short sales bounched back…
This poll was active 07.07.2013 through 07.13.2013