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 in the month they were reported, there is a slight difference in the number of sales I’m counting vs. what the NWMLS reports each month.
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’ve also added color-coding and controls to separate out “non-distressed” sales from the sales of bank-owned homes and short sales.
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.
As the premiere real estate investment firm, we are still able to have access to bank owned properties offering our clients an edge in attaining properties that will no longer be accessible to the public. To get started and join one of our upcoming free investment classes, email meredith@heatondainard.com requesting an invitation.
