King County Foreclosure Volume Spike in November[break]A quick look at our foreclosure data service shows a marked spike in foreclosure inventory for King County coming in November. The month of November is unique in that it has five weekly foreclosure auctions as opposed to only four weeks for September, October, and December. It is likely that the November volume will actually increase as more recent auctions get postponed to later months.
This spike around the holiday season could be a boon to savvy real estate investors. The holiday season usually coincides with a lull in the retail market, however, the foreclosure market doesn’t necessarily follow this seasonal pattern. With low inventory and listings down – quick fix and flip opportunities could lead to a holiday bonus for investors and real estate pros.
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Veristone does not finance owner-occupied properties.