Seattle, WA - 4/5/2016. As spring approaches, home sales start to sizzle. According to the Northwest Multiple Listing Service (NWMLS), 4497 homes and condos sold in the city of Seattle in the six month period October 4th, 2015 and April 4th, 2016. During that period, only 2.6% of homes were bank owned and only 1.3% were short sales. Zillow states the value of homes in Seattle has increased from $361,000 in Jan 2012 to $532,000 in Jan 2016, representing a 47% increase in the prior 4 years.
In the entire King County area, Bank Owned Homes (REO, Real Estate Owned) account for 3.6% of the sales and short sales are 2.4%. King County embodies Seattle, Bellevue, Shoreline, Kirkland, Redmond, Issaquah, North Bend, Snoqualmie, Newcastle, Renton, Kent, Burien, West Seattle, Snoqualmie, Carnation, Fall City, Maple Valley, Federal Way, and Bothell.