(For the most recent data, go here )
Distressed homes as a percentage of total homes sold in Kitsap County have remained in a remarkably tight range between 30 – 40% of total home sales; and for the previous 6 months it’s been very close to 30% (+/- 2%).
The percentage of distressed properties comprised of Short Sales has also been relatively steady, averaging 39% of the total distressed property sales for the past 6 months. During this period there were 2 months where the Short Sales comprised 50% & 58%, but for the previous 3 months, they’ve comprised between 27% & 42% of the total distressed properties Sold.
As a percentage of the total Homes Sold in Kitsap County over the past year, Short Sales comprised approximately 8 – 15% of the total, while REO’s comprised approximately 20 – 28% of the total number of homes Sold in Kitsap County.
-Brian Wilson, Broker
John L. Scott Real Estate – Poulsbo