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What would be your guess as to how many of the home sales in the last 30 days in the Olympia WA area were bank owned properties?  How about how many were short sales?  You might find the actual count surprising.

Looking at the sold homes within the last 30 days on our NWMLS, and excluding manufactured homes and condos, I found a total of 195 sales reported as closed.  Of these, 35 of the total were bank owned homes that had been foreclosed on and were now being resold.  Another 19 were short sales, where the seller's lender agreed to a sale that did not net enough for the loan balance owed to be paid in full.

So are you surprised that 141 sales closed in the Olympia WA area in the last 30 days were just normal sales from a seller to a buyer, and the seller was not a bank and the sale netted enough money to pay off the seller's loan in full (or the seller was able to make up any difference themselves)?

That's over 70% that were not bank owned or short sales - an encouraging look at our real estate market in the Olympia WA area!

                                                                           

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For Info on the Communities of Olympia, Lacey & Tumwater  WA and the real estate to be found here, just call me, text me, email me!  And I'd love for you to subscribe to my blog.

Nancy Conner, City Realty Inc,    360-701-1086     nancy@cityrealtyinc.net      

 
This post has been included in Washington Real Estate News Thurston County, WA Real Estate News
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Nancy Conner - Olympia/Thurston County WA

Olympia, WA

More about me…

Managing Broker - City Realty Inc

Address: 1800 Cooper Pt Rd SW, Bldg #12, Olympia, WA, 98502

Office Phone: (360) 350-0251

Cell Phone: (360) 701-1086

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A blog about community events in the Olympia/Thurston County area including the real estate market in those communities.
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