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 &…
Tag: REO
Bank-Owned Sales Skip Usual Winter Boost
Let’s take another look at what share of the monthly sales are being taken up by bank-owned and short sales. In December 2011 20.3% of the sale of single-family homes in King County were bank-owned. In December 2012 that number was just 6.0%. I keep thinking this number will go up as more traditional sellers…
Bank-Owned Sales Still Slim
Even as we get into the season when non-distressed sales tend to fall off and distressed sales typically make up a larger percentage of sales, the share of monthly closed sales that were bank-owned homes held flat again, coming in at 6.6 percent in November. I had been expecting this to increase in November, but…
Bank-Owned Sales Bounce Along Near Low
After plunging from 23 percent of sales in February to 6.3 percent in August, the share of single-family home sales that were bank-owned in King County has been bumping along near that level for the last three months, coming in at 6.9 percent in October. If 2010 and 2011 are any indication, this number will…
Bank-Owned Sales Edged Up in September
The share of single-family home sales in King County that were bank-owned edged up slightly in September, increasing to 7.5% of sales. It’s a good bet that due to seasonality this number will continue to rise through the end of the year and into the first couple months of 2013. I doubt we’ll get back…