Vashon Homes & Events from Go! Real Estate

Vashon Real Estate: Market Trends

November 20, 2008 at 1:34 am Leave a comment

RealtyTrac’s foreclosure numbers for Octobergrew dramatically, more that tripling in King County from September and the previous October.  Specifically, 935 homes in King County were issued Notices of Trustee Sale.  Compare the numbers to September 2008 (260) and October 2007 (282).  The good news, however, is that the rate of increase is below the national rate.  RealtyTrac suggests that Seattle may be seeing larger increases recently because the foreclosure surge in the region started later than the majority of the country.

October Home Sales

                                                    Seattle Region          Vashon

 Closed Sales 10/2007                               1659                                 6

Closed Sales 10/2008                                1319                                 4

Per cent change                                        -20.5%                            -33.3%  

Median Price 10/2007                              $443,950                       $547,500

Median price 10/2008                              $392,000                       $476,250      

Per cent change                                         -11.7%                           -13.0%

Entry filed under: • Real Estate, Housing Market News, Real Estate Statistics. Tags: Seattle home sales, Seattle real estate, Vashon home sales, Vashon real estate.