{"id":24795,"date":"2012-11-20T13:55:07","date_gmt":"2012-11-20T21:55:07","guid":{"rendered":"http:\/\/seattlebubble.com\/blog\/?p=24795"},"modified":"2012-11-20T13:55:07","modified_gmt":"2012-11-20T21:55:07","slug":"bank-owned-sales-now-almost-exclusively-at-the-low-end","status":"publish","type":"post","link":"https:\/\/seattlebubble.com\/blog\/2012\/11\/20\/bank-owned-sales-now-almost-exclusively-at-the-low-end\/","title":{"rendered":"Bank-Owned Sales Now Almost Exclusively at the Low End"},"content":{"rendered":"<p>It&#8217;s been a few months since <a href=\"http:\/\/seattlebubble.com\/blog\/2012\/07\/25\/sales-curve-shifting-to-more-expensive-homes\/\" title=\"Sales Curve Shifting to More Expensive Homes\">I posted the histogram of monthly sales<\/a>.  Let&#8217;s take another look as of October&#8217;s data.<\/p>\n<p>To generate the chart below, I took all the sales data for single-family homes sold in King, Snohomish, and Pierce Counties from the beginning of 2010 through the end of October.  Since my data download puts late-reported sales into the month that the sale actually took place rather than <a href=\"http:\/\/seattlebubble.com\/blog\/2010\/08\/09\/misleading-nwmls-stats-hide-severity-of-sales-dropoff\/\" title=\"Misleading NWMLS Stats Hide Severity of Sales Dropoff\">in the month they were reported<\/a>, there is a slight difference in the number of sales I&#8217;m counting vs. what the NWMLS reports each month.<\/p>\n<p>By default the chart shows just King County sales in October.  Use the controls below to scroll through different months, or to see what the mix looks like for Snohomish or Pierce County.  I&#8217;ve also added color-coding and controls to separate out &#8220;non-distressed&#8221; sales from the sales of bank-owned homes and short sales.<\/p>\n<div style=\"width:600px; height:690px; margin:0 auto;\">\n<script type=\"text\/javascript\" src=\"http:\/\/public.tableausoftware.com\/javascripts\/api\/viz_v1.js\"><\/script><\/p>\n<div class=\"tableauPlaceholder\" style=\"width:604px; height:669px;\"><noscript><a href=\"#\"><img decoding=\"async\" alt=\"Sales Histogram \" src=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ju&#47;Just-Sales-Histogram-Summary&#47;SalesHistogram&#47;1_rss.png\" style=\"border: none\" \/><\/a><\/noscript><object class=\"tableauViz\" width=\"604\" height=\"669\" style=\"display:none;\"><param name=\"host_url\" value=\"http%3A%2F%2Fpublic.tableausoftware.com%2F\" \/><param name=\"site_root\" value=\"\" \/><param name=\"name\" value=\"Just-Sales-Histogram-Summary&#47;SalesHistogram\" \/><param name=\"tabs\" value=\"no\" \/><param name=\"toolbar\" value=\"yes\" \/><param name=\"static_image\" value=\"http:&#47;&#47;public.tableausoftware.com&#47;static&#47;images&#47;Ju&#47;Just-Sales-Histogram-Summary&#47;SalesHistogram&#47;1.png\" \/><param name=\"animate_transition\" value=\"yes\" \/><param name=\"display_static_image\" value=\"yes\" \/><param name=\"display_spinner\" value=\"yes\" \/><param name=\"display_overlay\" value=\"yes\" \/><param name=\"display_count\" value=\"yes\" \/><\/object><\/div>\n<div style=\"width:604px;height:22px;padding:0px 10px 0px 0px;color:black;font:normal 8pt verdana,helvetica,arial,sans-serif;\">\n<div style=\"float:right; padding-right:8px;\"><a href=\"http:\/\/www.tableausoftware.com\/public?ref=http:\/\/public.tableausoftware.com\/views\/Just-Sales-Histogram-Summary\/SalesHistogram\" target=\"_blank\">Powered by Tableau<\/a><\/div>\n<\/div>\n<\/div>\n<p>As you scroll through the months you can see the blue bars representing bank-owned homes getting smaller and smaller.  At $350,000 and above, bank-owned sales have all but disappeared.  Meanwhile, the overall curve continues to shift slightly to the right as the supply of bargain basement homes dries up.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>It&#8217;s been a few months since I posted the histogram of monthly sales. Let&#8217;s take another look as of October&#8217;s data. To generate the chart below, I took all the sales data for single-family homes sold in King, Snohomish, and Pierce Counties from the beginning of 2010 through the end of October. Since my data&#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":[608,149,254,531],"coauthors":[],"class_list":["post-24795","post","type-post","status-publish","format-standard","hentry","category-stats","category-counties","tag-histogram","tag-median","tag-sales","tag-tableau"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.2 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bank-Owned Sales Now Almost Exclusively at the Low End \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\/20\/bank-owned-sales-now-almost-exclusively-at-the-low-end\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Bank-Owned Sales Now Almost Exclusively at the Low End \u2022 Seattle Bubble\" \/>\n<meta name=\"twitter:description\" content=\"It&#8217;s been a few months since I posted the histogram of monthly sales. Let&#8217;s take another look as of October&#8217;s data. To generate the chart below, I took all the sales data for single-family homes sold in King, Snohomish, and Pierce Counties from the beginning of 2010 through the end of October. 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