The pace of Seattle pre foreclosures slowed in February and affirmed positive prospects for the Seattle market. In King County, only 342 houses were taken back by banks as foreclosure filings plunged by 33 percent from February 2009.
As the number of Seattle pre foreclosure homes fell in February, the median sales price for single-family houses increased month-over-month to $399,000. Condo prices also jumped up year-over-year by more than 6 percent.
Seattle home auctions slowed in February as the strong local economy contained any further difficulty in the housing sector. Only 342 homes were foreclosed in King County, marking a 33-percent drop from filings in February 2009.
The drop in home prices in March has made Seattle foreclosure investing even more viable. The average price for homes dropped in March to $425,545 in King County, pushing up sales by 60 percent.
Print This Article
Add To Favorites