Summer Brings Sales - In Foreclosures XI
As summer finally brings some rainstorms, we find that the foreclosure sales in Pierce County are dropping quite a bit at this time. There were sixteen (16) foreclosure sales found last week in the Tacoma newspaper (TNT), but there were only eleven (11) found this week (that is a drop of about 30 percent.
It looks very much like there is a dip hitting due to the holiday weekend. Though I keep seeing, and hearing about how many foreclosures still hanging on the books out here (and really popping out of the woodwork in some other areas of the country), it would seem the banks here are taking advantage of good summer weather and tight listings count to try to get more money from their foreclosures.
Unlike last week which was split over four dates this week only had two dates. Next week had the least with 3. The other eight were all set for four weeks out on Sept. 27. As is normal, these sales will take place on the 2nd floor plaza of the County-City building at 10 am.
As already noted the numbers may not stay high far into the fall, before they start dropping off to a much lower level (thinking in range of 3-5 listings per week). Which may hit sooner than I thought, based on the 4-5 week notices this time around.
Picture courtesy of Freedigitalphotos.net