Number Of Foreclosures Remains High in some Spokane neighborhoods
By Robert Henry
(RealTeam Real Estate)
99205 – Number of Foreclosures Remains Highby Robert Henry, Managing Broker at RealTeam Real Estate CenterOctober, 2013 Although Spokane home sales have increased in volume when compared to last year, the number of foreclosure properties still remains high in certain areas. The percentage of foreclosure sales in the Spokane area (Spokane MLS) in 2013 (Year-to-Date as of publication of this article) is approximately 12.4% compared to 19% for the Shadle area (99205 zip code).Here is a historical look at the percentage of Foreclosure sold properties in the Shadle/99205 area: Overall, strong buyer demand has resulted in an increase in the number of homes sold in the Spokane area by 21% (Year-over-Year comparison for 2012 vs 2013). Additionally, this has led to an increase in the sales price...
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