{"id":24702,"date":"2012-11-12T09:23:28","date_gmt":"2012-11-12T17:23:28","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=24702"},"modified":"2012-11-12T09:23:28","modified_gmt":"2012-11-12T17:23:28","slug":"bank-owned-sales-bounce-along-near-low","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/11\/12\/bank-owned-sales-bounce-along-near-low\/","title":{"rendered":"Bank-Owned Sales Bounce Along Near Low"},"content":{"rendered":"<p>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.<\/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\/11\/KingCoSFHREOPct2012-10.png\" rel=\"lightbox[24702]\"><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\/11\/KingCoSFHREOPct2012-10-600x435.png\" alt=\"Bank-Owned: Share of Total Sales - King County Single-Family\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>If 2010 and 2011 are any indication, this number will most likely shoot up a bit over the next few months as most equity sellers go into hibernation for the winter.<\/p>\n<p>Short sales continued to make up a little over 10 percent of the market, coming in at 12 percent in October:<\/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\/11\/KingCoSFHSSPct2012-10.png\" rel=\"lightbox[24702]\"><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\/11\/KingCoSFHSSPct2012-10-600x435.png\" alt=\"Short Sales: Share of Total Sales - King County Single-Family\" width=\"600\" height=\"435\" \/><\/a><\/p>\n<p>At 18.8%, the total share of sales that were either short sale or bank-owned is at its lowest point since May 2010, and 17 percentage points below where it peaked at 35.9% in February of this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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&#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-24702","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 Bounce Along Near Low \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\/11\/12\/bank-owned-sales-bounce-along-near-low\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bank-Owned Sales Bounce Along Near Low \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"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. 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