{"id":21509,"date":"2012-09-18T09:00:56","date_gmt":"2012-09-18T16:00:56","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=21509"},"modified":"2012-09-18T09:12:56","modified_gmt":"2012-09-18T16:12:56","slug":"bank-owned-sales-fall-to-lowest-point-since-april-09","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/09\/18\/bank-owned-sales-fall-to-lowest-point-since-april-09\/","title":{"rendered":"Bank-Owned Sales Fall to Lowest Point Since April &#8217;09"},"content":{"rendered":"<p>The share of single-family home sales in King County that were bank-owned fell to its lowest point in 40 months in August, as just 6.3% of sales were REO.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Bank-Owned: Share of Total Sales - King County Single-Family\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/09\/KingCoSFHREOPct2012-08.png\" rel=\"lightbox[21509]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" title=\"Bank-Owned: Share of Total Sales - King County Single-Family - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/09\/KingCoSFHREOPct2012-08-600x435.png\" alt=\"Bank-Owned: Share of Total Sales - King County Single-Family\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>This number peaked at 22.8% in February of this year and has been plummeting ever since.<\/p>\n<p>Meanwhile, the share of each month&#8217;s sales that were short sales continues to hold fairly steady at around 10% of the market.<\/p>\n<p style=\"margin: 5px auto; width: 600px; font-size: 0.8em; text-align: center;\"><a title=\"Short Sales: Share of Total Sales - King County Single-Family\" href=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/09\/KingCoSFHSSPct2012-08.png\" rel=\"lightbox[21509]\"><img loading=\"lazy\" decoding=\"async\" style=\"border: 0;\" title=\"Short Sales: Share of Total Sales - King County Single-Family - Click to enlarge\" src=\"http:\/\/seattlebubble.com\/blog\/wp-content\/uploads\/2012\/09\/KingCoSFHSSPct2012-08-600x435.png\" alt=\"Short Sales: Share of Total Sales - King County Single-Family\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>If the recent increase in foreclosure notices translates into an increase in actual bank repossessions, we&#8217;ll probably see this number creep back up again.  Since much of this year&#8217;s surge in the median price was due to the steep decline in sales of bank-owned homes, now that we&#8217;re at such a low level I doubt we&#8217;ll be seeing many more strong median price increases for a while.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The share of single-family home sales in King County that were bank-owned fell to its lowest point in 40 months in August, as just 6.3% of sales were REO. This number peaked at 22.8% in February of this year and has been plummeting ever since. Meanwhile, the share of each month&#8217;s sales that were short&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8,616],"tags":[697,275],"coauthors":[],"class_list":["post-21509","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","tag-reo","tag-short-sales"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank-Owned Sales Fall to Lowest Point Since April &#039;09 \u2022 Seattle Bubble<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/seattlebubble.com\/blog\/2012\/09\/18\/bank-owned-sales-fall-to-lowest-point-since-april-09\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bank-Owned Sales Fall to Lowest Point Since April &#039;09 \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"The share of single-family home sales in King County that were bank-owned fell to its lowest point in 40 months in August, as just 6.3% of sales were REO. This number peaked at 22.8% in February of this year and has been plummeting ever since. 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