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Market Update: Renton WA 98055 & 98057

By
Industry Observer with ARFCO Media

Residential property transfers in Renton, WA 98055 & 98057.
July 1, 2010 through August 23, 2010...

Green = sales by Warranty Deed. (16) (38%)
Blue = sales by Bargain & Sale Deed, REO or Short Sale. (7) (17%)
Red = sales by Trustee Deed, Foreclosures. (19) (45%)

In this 54 day window of time in Renton's central core there were a total of 42 sales. 62% of these title transfers were distressed, made up of Short Sales, REO Sales, and Foreclosures. Out of the 16 Arms Length transactions which were 38% of the total sales in this market, 7 of them were sold at a loss with a purchase price lower than the previous owners who bought in or near the peak in 2004 - 2006.


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Posted by

René Fabre

"Where there's conversation, there's opportunity."

Please Note - The views expressed herein reflect only the individual’s personal views and are not the views of the author’s employer.

The Blackberry Chronicles, a blog by Rene Fabre and his travels around the Greater Pacific Northwest and beyond. Connect w/ Rene Fabre on Google+. Rene Fabre on Twitter. Rene Fabre writes reviews on Yelp. Rene Fabre on Linkedin.com The Audiorium YouTube Channel by Rene Fabre. Facebook.com/renefabre Rene Fabre loves digital photography and here are his shares on Flickr. Rene Fabre is a musician and composer and shares some of his orginal music and recordings on Soundcloud. Rene Fabre shares his interests on Pinterest.
StepStone Realty
StepStone Realty, LLC - Austin, TX
Freedom to Succeed

That's an awful lot of blue and red!  Hopefully the buyers headed to foreclosure will call a real estate agent even if they are underwater.  I'm afraid most of those reds were never listed.

Sep 14, 2010 06:52 AM
Rene Fabre
ARFCO Media - Renton, WA
Practicing Philosophical Eclectic of the Arts

Daniel: More than I thought it was going to be when I first took a look.

Sep 15, 2010 06:27 AM