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

By
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***

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Location:
Washington King County Kirkland Finn Hill
Tags:
foreclosures
short sales
finn hill
market reports

Post a Comment
Spam prevention
Spam prevention
Post a Comment
Spam prevention

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
68,965

Freddy Delgadillo

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

Additional Information