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Distressed Homes (REO & SS) as a percentage of total home sales in Kitsap County

Graph showing distressed properties as a percentage of total home sales

Graph showing distressed properties as a percentage of total monthly home sales in Kitsap County

(For the most recent data, go here )

Distressed homes as a percentage of total homes sold in Kitsap County have remained in a remarkably tight range between 30 – 40% of total home sales; and for the previous 6 months it’s been very close to 30% (+/- 2%).

The percentage of distressed properties comprised of Short Sales has also been relatively steady, averaging 39% of the total distressed property sales for the past 6 months.  During this period there were 2 months where the Short Sales comprised 50% & 58%, but for the previous 3 months, they’ve comprised between 27% & 42% of the total distressed properties Sold. 

In Summary:
As a percentage of the total Homes Sold in Kitsap County over the past year, Short Sales comprised approximately 8 – 15% of the total, while REO’s comprised approximately 20 – 28% of the total number of homes Sold in Kitsap County.

-Brian Wilson, Broker
John L. Scott Real Estate – Poulsbo

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