Distressed Homes (REO & SS) as a percentage of total home sales in Kitsap County

Graph showing distressed properties as a percentage of total home sales

Graph showing distressed properties as a percentage of total monthly home sales in Kitsap County

(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.¬†

In Summary:
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

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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