{"id":569,"date":"2011-12-02T15:29:49","date_gmt":"2011-12-02T22:29:49","guid":{"rendered":"https:\/\/mykitsaprealestate.net\/wordpress\/?p=569"},"modified":"2012-02-18T16:09:49","modified_gmt":"2012-02-18T23:09:49","slug":"distressed-home-sales-bank-owned-short-sales-compared-with-total-home-sales-in-kitsap-county-through-november-2011-18-months-of-historical-data","status":"publish","type":"post","link":"https:\/\/mykitsaprealestate.net\/wordpress\/2011\/12\/02\/distressed-home-sales-bank-owned-short-sales-compared-with-total-home-sales-in-kitsap-county-through-november-2011-18-months-of-historical-data\/","title":{"rendered":"Distressed Home Sales (Bank Owned & Short Sales) Compared with Total Home Sales in Kitsap County Through November 2011 & 18 Months of Historical Data"},"content":{"rendered":"
\"Graph<\/a>

Distressed home sales (Bank Owned & Short Sales) in Kitsap County for 18 months, through November 2011<\/p><\/div>\n

(For the most recent data, go here <\/a><\/strong>)<\/em><\/p>\n

As you can see on the graph, for the month of November, there was a 7%\u00a0decrease in distressed property sales in Kitsap County, from 34% of total homes Sold, down to 27%.\u00a0 I don’t believe there have been any fundamental improvements to account for this decrease, and I fully expect to see the percentages increase and trend up in future months.\u00a0\u00a0<\/p>\n

Beginning with the November data, I am showing the number of Short Sales that comprise the distressed properties Sold.\u00a0 So now you can quickly and easily determine the number and percentage that Short Sales comprise of the total amount of distressed homes sold.\u00a0 Of course, you can also then quickly infer the percentage of distressed properties that are Bank Owned Sales.\u00a0 With respect to distressed property sales, the data for Kitsap County has been closely echoing\u00a0the National trends.<\/p>\n

Data from DSNews and other sources indicate a swelling shadow inventory of Bank Owned foreclosed properties.\u00a0 The shadow inventory are properties that have been foreclosed but are just sitting on the banks books and have not yet been put on the market for sale.\u00a0 The other factor which implies a significant ongoing inventory of Bank Owned properties are the latest reports indicating that while new defaults (borrowers who are late with their mortgage payments)\u00a0have decreased slightly, actual foreclosures hit an all time high last month.\u00a0 So, it appears the bank owned inventory of foreclosed homes is growing faster than they are selling them.<\/p>\n

We hope you find this information helpful and we welcome any of your comments below.\u00a0 We’d like to know your thoughts about our Blog, the market or anything Real Estate related.<\/p>\n

Thank You for Visiting,
\nBrian & Jana, Broker & Managing Broker
\nJohn L. Scott Real Estate – Poulsbo<\/em><\/strong><\/span><\/p>\n

\u00a0<\/div>\n","protected":false},"excerpt":{"rendered":"

(For the most recent data, go here ) As you can see on the graph, for the month of November, there was a 7%\u00a0decrease in distressed property sales in Kitsap County, from 34% of total homes Sold, down to 27%.\u00a0 … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[6],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/569"}],"collection":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/comments?post=569"}],"version-history":[{"count":3,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/569\/revisions"}],"predecessor-version":[{"id":577,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/569\/revisions\/577"}],"wp:attachment":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/media?parent=569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/categories?post=569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/tags?post=569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}