West Seattle real estate market sales report 2011

Here is West Seattle real estate market sales report for 2011. Majority of the sales in West Seattle were non-distressed properties, with a sales percentage of 69% compared to Forelcosures at 19% and Short Sales being 12%.

I noticed that non-distressed properties were fetching higher sales prices and were on the market less than distressed properties. I believe its due to Buyers not wanting to wait for a short sale to get approved in 90-120 days and the foreclosures that were selling needed work, therefore forcing Buyers to think twice about fixing a home and being cash poor.

Here is more information on short sales and foreclosures in West Seattle.

See the numbers below and compare the three in market time, price-per-sqft, and median sales price.

West Seattle Market Sales Report-2011 (Sold Prices)

The median sales price for non-distressed properties was $472,420 a 32.5% higher than short sales and 54.12% higher than foreclosures.

West Seattle Market Sales Report-2011 (Avg. Days on Market)

Again, this report shows how non-distressed properties sale much faster and are off the market compared to short sales and foreclosures.

Search for homes for sale in West Seattle that are NOT distressed properties

Search for homes that are Short Sales and Foreclosures in West Seattle.

***Information Deemed Reliable But Cannot Be Guaranteed. Courtesy on NWMLS***