{"id":59,"date":"2011-04-22T10:28:09","date_gmt":"2011-04-22T17:28:09","guid":{"rendered":"https:\/\/mykitsaprealestate.net\/wordpress\/?p=59"},"modified":"2011-05-04T16:42:26","modified_gmt":"2011-05-04T23:42:26","slug":"kitsap-county-distressed-real-estate-sales-compared-to-non-distressed-sales","status":"publish","type":"post","link":"https:\/\/mykitsaprealestate.net\/wordpress\/2011\/04\/22\/kitsap-county-distressed-real-estate-sales-compared-to-non-distressed-sales\/","title":{"rendered":"Kitsap County Distressed Real Estate Sales Compared to Non-Distressed Sales"},"content":{"rendered":"<div id=\"attachment_67\" style=\"width: 310px\" class=\"wp-caption aligncenter\"><a href=\"https:\/\/mykitsaprealestate.net\/wordpress\/wp-content\/uploads\/2011\/04\/Distressed_vs_NonDis_TTL-Sales_19Mo1.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-67\" class=\"size-medium wp-image-67\" title=\"Distressed Residential Real Estate Sales Compared to Non-Distressed Sales in Kitsap County\" src=\"https:\/\/mykitsaprealestate.net\/wordpress\/wp-content\/uploads\/2011\/04\/Distressed_vs_NonDis_TTL-Sales_19Mo1-300x202.jpg\" alt=\"\" width=\"300\" height=\"202\" srcset=\"https:\/\/mykitsaprealestate.net\/wordpress\/wp-content\/uploads\/2011\/04\/Distressed_vs_NonDis_TTL-Sales_19Mo1-300x202.jpg 300w, https:\/\/mykitsaprealestate.net\/wordpress\/wp-content\/uploads\/2011\/04\/Distressed_vs_NonDis_TTL-Sales_19Mo1-1024x691.jpg 1024w, https:\/\/mykitsaprealestate.net\/wordpress\/wp-content\/uploads\/2011\/04\/Distressed_vs_NonDis_TTL-Sales_19Mo1.jpg 1260w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-67\" class=\"wp-caption-text\">Distressed Residential Real Estate Sales Compared to Non-Distressed Sales in Kitsap County<\/p><\/div>\n<p>\u00a0This graph shows the monthly distressed single family residential sales (SFR)\u00a0compared to total SFR\u00a0for all of Kitsap\u00a0County.\u00a0 REO is an acronym for &#8220;Real Estate Owned&#8221; which are Bank Owned Properties and SS is an acronym for &#8220;Short Sales&#8221;. Total distressed Sales in my data are comprised of\u00a0both REO and SS properties.\u00a0 Of these two types, REO\u00a0comprised\u00a0about 75%, while SS is about 25%.\u00a0 So on average in Kitsap\u00a0County, Short Sales comprise about 8% of the total closed SFR sales, and REO are about 22%.<\/p>\n<p>Another interesting fact derived from the graph\/data is how remarkably consistent the monthly total distressed property sales have been as a percentage of total sales for over 1.5 years.\u00a0 To me this implies central planning and control of the rate of distressed sales being allowed on the market, most likely to control the negative impact distressed properties have on resale home prices.<\/p>\n<p>In Kitsap\u00a0County last month (March 2011), the total percentage of sales that were distressed jumped nearly 10% from all previous months, going back over 1.5 years.\u00a0\u00a0 For the most part, this recent monthly increase is consistent with National Data for total percentage of properties sold that are distressed, as reported by DSNews.com in a recent article.<\/p>\n<p>From recent conversations I&#8217;ve had with several Real Estate Brokers; in the previous month through this week, we have been seeing more appraisals coming in below the agreed upon terms between a willing buyer and willing seller.\u00a0 If this continues, we will see prices decline on average.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>\u00a0This graph shows the monthly distressed single family residential sales (SFR)\u00a0compared to total SFR\u00a0for all of Kitsap\u00a0County.\u00a0 REO is an acronym for &#8220;Real Estate Owned&#8221; which are Bank Owned Properties and SS is an acronym for &#8220;Short Sales&#8221;. Total distressed &hellip; <a href=\"https:\/\/mykitsaprealestate.net\/wordpress\/2011\/04\/22\/kitsap-county-distressed-real-estate-sales-compared-to-non-distressed-sales\/\">Continue reading <span class=\"meta-nav\">&rarr;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ngg_post_thumbnail":0,"footnotes":""},"categories":[6],"tags":[15,16],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/59"}],"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\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/comments?post=59"}],"version-history":[{"count":8,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/59\/revisions"}],"predecessor-version":[{"id":76,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/posts\/59\/revisions\/76"}],"wp:attachment":[{"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/media?parent=59"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/categories?post=59"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mykitsaprealestate.net\/wordpress\/wp-json\/wp\/v2\/tags?post=59"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}