Summer Brings Sales - In Foreclosures VII
As summer continues warm, we find that the sales are down a bit now. There were twenty-three (23) foreclosure sales found this week in the Tacoma newspaper (TNT), which is down seven from last week’s thirty (30).
These were split over four dates. Four weeks out on August 30th had the most with nine (not quite half the largest report from last week). Next week had the next most with 8 (same as last week's report). There were also four listings for two weeks out on August 16th. The final two notes were for five weeks out on September 6th. As is normal, these sales will take place on the 2nd floor plaza of the County-City building at 10 am.
It looks like I was a bit off on my estimate of the next couple of weeks will continue to show similar numbers. Though I keep seeing, and hearing about how many foreclosures still hanging on the books out here, and I would think the banks would want to take advantage of good summer weather and tight listings count to try to get more money from their foreclosures.
It will also be interesting to see how far into the fall these numbers will be sustained, before they start dropping off again to a much lower level (thinking in range of 4-5 week).
Picture courtesy of Freedigitalphotos.net