Federal Way WA Distressed Home Sales Stats

By
Real Estate Agent with Windermere Real Estate / West Campus / Federal Way WA

People ask me all the time "How's the Market?" An important part of any answer to that question would include the percentage of homes on the market that are in a distressed situation. (Foreclosures being homes that are on the market and owned by a bank, or a short sale or pre-forclosure property which is still technically owned by an individual person.)

As of January 15, 2010, in Federal Way:

  • Active Listings For Sale: 40% distressed.
  • Pending Home Sales: 60% distressed.
  • Sold in the past 6 months: 44% distressed.

Why is this important? First of all, buyers use the info to decide where they might look to find a good price for their purchase. Sellers use the info to help determine how to price their home to sell. Appraisers use the info to determine whether there is a trend on values moving up, down or stabilizing .. actually all 3 groups ultimately want to know what the trends are.

If you are curious about listing and sales activity in your area, either email, call or text me at dkawell@windermere.com, text or call 206-794-0844, and you may request my market snapshot service, which is free, comprehensive and in real-time mls market data.

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