Seattle Sales Gain, Cheap South King Sales Slip

Posted on by The Tim

Let’s take an updated look at how King County’s sales are shifting between the different regions around the county, since geographic shifts can and do affect the median price. In order to explore this concept, we break King County down into three regions, based on the NWMLS-defined “areas”: low end: South County (areas 100-130 &…

Non-Distressed Median at Highest Point in Over Four Years

Posted on by The Tim

As promised on Wednesday, 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 May, the non-distressed median price for King County single family home sales sits at $449,000, up 6.9% from a year earlier and up 0.9% from April. Last year the…

Foreclosure Volume Slowly Drifts Back to Earth

Posted on by The Tim

It’s time for our detailed look at May’s foreclosure stats in King, Snohomish, and Pierce counties. First up, the Notice of Trustee Sale summary: May 2013 King: 669 NTS, up 10% YOY Snohomish: 426 NTS, up 42% YOY Pierce: 551 NTS, up 15% YOY Nothing much new in these numbers. Still higher than a year…

Distressed Sales Hit Lowest Point in Over Four Years

Posted on by The Tim

Let’s take another look at what share of the monthly sales are being distressed sales—bank-owned and short sales. In May 2012 12.9% of the sales of single-family homes in King County were bank-owned. In May 2013 that number was just 6.4%. We’re still a little bit above the low of 5.7% set in November, but…