Finn Hill home values- comparing short sales, foreclosures and traditional sales for 2011

Real Estate Agent with Judah Realty Group

Finn Hill home values- comparing short sales, foreclosures and traditional sales for 2011 Curious as to what real estate values are in the Finn Hill area?

Here are two graphs that show a picture of what’s going on in your community with a side-by-side comparison between short sales, foreclosure, and traditional sales (“non-distressed”) home values.

Traditional sales (non-distressed) over short sale values fetched 24.66% higher values, and 33.57% compared to foreclosures.

Short sales out performed foreclosure when it comes to retaining a higher sale price by an average of 13.4%. Looks like Banks are leaving money at the table. It’s in the Banks best interest to approve a short sale and avoid foreclosure just by seeing and knowing these numbers.

On the other hand, foreclosures don’t have such a high swing in value difference when comparing original list price to sold price. They absorb a 2.26% loss, were traditional sales come in at 4.45% and short sales take the biggest price drop coming in at 13.36%.

Finn Hill Market Sales Report -2011 (Original Price vs. Sold Price)

Finn Hill real estate market trends 2011 - Kirkland

Finn Hill Market Sales Report -2011 (High, Low, Median Values)

Finn Hill Kirkland real estate market report -2011

Finn Hill is one of the more stable real estate markets in the Eastside (next to Seattle). Values are lower than 2010, but as a whole... they are holding fast.

Check out our other post comparing various cities on the eastside.

*** Information Deemed Reliable But Cannot Be Guranteed. Courtesy of NWMLS***


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Freddy Delgadillo

Real Estate Broker specializing Greater Eastside
What's my home worth in today's real estate market?
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