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.