Short Sale Statistics Report- 2nd Qtr 2012

Distressed property sales were down overall throughout the Puget Sound area in the second quarter of the year, according to the Washington Property Solutions 2nd Quarter Short Sale Statistics Report. The fall was due to a significant drop in the sale of bank-owned properties. Short sales showed moderate gains.

Short sales in King County increased year over year from 11 percent of all home sales (single family homes and condominiums) in the second quarter of 2011 to 13 percent in the second quarter of 2012. Bank-owned sales fell from 23 percent of all home sales in the second quarter of 2011 to 15 percent of all sales in the second quarter of 2012. 

In Snohomish County, short sales grew from 13 percent of all home sales in the second quarter of 2011 to 16 percent in the second quarter of 2012. Bank-owned sales decreased from 35 percent of all home sales in Snohomish County in the second quarter of 2011 to 23 percent of all sales in the second quarter of 2012. 

Pierce County short sales rose from 14 percent of all home sales in the second quarter of 2011 to 15 percent in the second quarter of 2012. Bank-owned sales fell from 38 percent of all home sales in Pierce County in the second quarter of 2011 to 29 percent of all sales in the second quarter of 2012. 

The full report includes historical statistics for both Short Sale and Bank-Owned properties in King, Snohomish, Pierce and Kitsap counties.

Short Sale Statistics Report- 1st Qtr 2012

Short sales and the sale of bank-owned properties showed steady increases in the Puget Sound area in the first quarter of 2012, according to the Washington Property Solutions 1st Qtr 2012 Short Sale Statistics Report.

In the first quarter of 2012, short sales and the sale of bank-owned properties accounted for 40 percent of all home sales (single family homes and condominiums) in King County. That figure was up from 36 percent in the first quarter of 2011.

In Pierce County, the percentage of distressed property sales increased from 43 percent of all home sales in the first quarter of 2011 to 54 percent in the first three months of 2012.

The jump in distressed property sales was particularly high in Snohomish County where the percentage increased from 38 percent of all home sales in the first quarter of 2011 to 51 percent in the first three months of 2012.

The full report includes historical sales data for both Short Sales and Bank-Owned Properties in King, Pierce, Snohomish and Kitsap counties.

Annual Short Sale Statistics Report

Short sales and the sale of bank-owned properties showed steady increases in the Puget Sound area through 2011, according to the Washington Property Solutions Annual Short Sale Statistics Report.

The percentage of single family home sales that were short sales remained fairly consistent from 2010 to 2011. The increase in distressed property sales overall as compared to 2010 is attributed to a steady increase in the number of bank-owned property sales. The report includes historical sales data for both Short Sales and Bank-Owned Properties in King, Pierce, Snohomish and Kitsap counties.