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!