Category Archives: Washington State Foreclosures


Jul

31

2012

Snohomish County: Retail vs. Foreclosure Price Comparison

We wrap up our county-level foreclosure inventory price analysis today by taking a look at Snohomish county. The overall median tax assessed value for Snohomish county’s upcoming inventory was just over $200,000. This median price equates to roughly a 20% price gap between the foreclosure market and the retail market in Snohomish county as shown in the chart below. The six price segments for Snohomish…

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Jul

27

2012

Spike in King County Foreclosure Volume

Refreshing our data for scheduled 11-week foreclosure volume in King County shows a pronounced spike in King County foreclosure volume for the month of August through early September. The total scheduled volume for this period, gleaned using Liberty Capital’s foreclosure data service, is roughly 1200 units, with a peak of 186 properties at auction for the week of September 7th. Average weekly volume for all…

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Jul

25

2012

King County Foreclosure Inventory Price Analysis

In a previous post we looked at the price profile of closed residential home sales in King County based on data from the North West Multiple Listing Service. The median price of sold homes during this one month time period was just over $315,225.* Using Liberty Capital’s proprietary foreclosure data service we can apply a similar analysis to the 12-week scheduled foreclosure volume for King County using…

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Jul

18

2012

Multiple Listing Service Price Analysis: Snohomish County

We continue or county-level price segmentation by taking a look at sold residential homes  for Snohomish County. The data comes from the North West Multiple Listing Service and includes closed residential home sales for the previous 30 days as of July 18. The total volume over the preceding 30 days was 775 homes with a median price of $262,000, putting both  volume and median price a bit…

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Jul

17

2012

FORECLOSURE AUCTION RESEARCH: Days of the Week Minimum Bids Pop for King, Pierce & Snohomish County

Let’s take a look at King County first.  In the week we studied, 36% of the bids had popped by Tuesday (17 of 47 total).  By Wednesday, another 13 bids had popped, bringing the bid total to 30 (represents 65% of total bids meaning about 2/3 of all bids have popped by Wednesday).  By the end of Thursday, 91% of all bids had popped (43…

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Jul

06

2012

Low Housing Inventory Helps Motivate Home Buyers

It’s the most basic law in economics – when supply is low and demand is high, sellers can ask more for their product, and in the real estate market it’s no exception. That’s why Pacific Northwest investors seeking high returns on their investments in distressed properties are so hot to buy now, especially before the rumored new wave of foreclosed properties becomes available this fall….

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Jul

05

2012

Snohomish County Scheduled Summer Foreclosure Volume

The final installment in our Tri-County foreclosure volume report focuses on Snohomish County. In terms of average weekly volume, Snohomish is quite similar to Pierce County, with roughly 75 homes at auction per week. For our analysis Snohomish County has been divided into four regions: South Snohomish includes Bothell, Lynwood, Mukilteo, and Snohomish (37% of weekly inventory). The Everett Metro region consists of the city…

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Jul

03

2012

Pierce County Scheduled Summer Foreclosure Volume

Continuing our spotlight on the upcoming Tri-County scheduled foreclosure volume, today we take a look at the distressed market in Pierce County. Although an overall smaller market than King County, Pierce County still has significant opportunities with an average weekly inventory volume of 73 homes. The bulk of these homes are found in the North Pierce County region which includes central and east Tacoma and…

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Jul

02

2012

King County Scheduled Summer Foreclosure Volume

July is shaping up to be a big month in the Tri-County distressed market (King County, Pierce County, & Snohomish County – Washington). Scheduled foreclosure volume shows a marked uptick for July followed by a leveling off into August and September. King County remains the largest market for foreclosure sales with over 1400 units coming to market in the next 11 weeks; however Snohomish and…

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Jun

14

2012

Foreclosures for Washington Investors – FAQs

Q: What is foreclosure? A: Foreclosure is a process where an owner’s right to a property is terminated, typically due to a default on a loan, and it involves a forced sale of the property where the proceeds are applied towards the mortgage debt. Q: Why would I buy a foreclosure? A: A buyer can save about 33% or more off the fair market value…

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