Number of distressed Sales compared to total Sales in Kitsap County

 

Ever wonder what portion of the total single family residential sales in Kitsap County are distressed?
This graph tracks the distressed properties as a portion of the total sales in Kitsap County for the past 18 months.  For this review, distressed properties are counted as either bank owned (REO) or Short Sales (SS).   The percentage of Sold Proerties that are considered “distressed” have been remarkably consistent, averaging about 28% of total sales.
Of this 28% of the market, about 75% are Bank Owned (REO’s), while only 25% are Short Sales.

About admin

Presently I'm a full time Real Estate Broker with John L. Scott Real Estate in Poulsbo, WA. In Kitsap County, our team of two earned one of only four "Presidents Elite" awards for Sales in 2010! I received my degee in Electrical Engineering (BSEE) from the University of Washington in 1999 and then worked as a Sr. System Engineer for Cerner Corp. in Kansas City, MO. I worked on IBM/AIX Servers running Oracle Databases, and MS Windows workstations on the client side installing, updating, and educating clients in the Hospital & Healthcare industries. Previous to all this, I co-founded 2 electronics companies which designed and manufactured a variety of electronic products including test equipment for Volve Penta and Volvo Cars of N. America, Marine Sonar equipment and fish finders, and then our own unique non-intrusive unltrasonic tank fluid monitoring system, which found applications in diverse industries including: cosmetics, nuclear, food, chemicals and semi-conductor processing. In these ventures my positions varied from product design, product development management, and marketing. If you haven't see the new Real Estate Site, for my partner Jana Salmans and I, please visit: http://www.JanaAndBrian.com Thank You for visiting, please come back often. -Brian Wilson (admin)
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