Seattle Foreclosure Trends For June
July 28th, 2009
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- June 380 properties Auctioned Vs 123 REO’s
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- 5.42% ave interest rate Vs 503 Filings
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- 53 Foreclosure Sales in June
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- $313,000.00 Foreclosure Price Vs $415,000.00 Retal Price
Average of 24.58% saving when purchasing a foreclosure over a retail property in June. Also to date June was the highest months of foreclosure filing in King County Since the beginning of the fallout. 1490 filling for King County in June Vs 1002 in May. That is up 33%. Wiht the large Majority happening the Southern Part of the County. Also there were far less purchses in June at Auction. So those properties will go back into REO recievership so look for those properties on the market within the next 60 days. I wonder if the reason for that is the foreclosure price was higher than the market value. So the Consumer damand tat the property goes back into recievership, so the bank has to sell it for even less?
22 %
