Default Research, the premier provider of foreclosure real estate data in the Seattle region, is reporting that foreclosures in King, Pierce and Snohomish counties declined by 5% in March of 2008. The total number of Notice of Trustee Sales recorded in March totaled 379 in King, 380 in Pierce and 215 in Snohomish. Less than 1% of total household in these regions had foreclosure activity.
“The outlook for Seattle is relatively good,” said Serdar Bankaci, founder of Default Research. “Home prices have remained stable in the past month and inventories are continuing to climb. With the recent jumbo loan limit changes this should have a positive impact on the economy.”
According to Bankaci, in some regions of the Default Research coverage area, nearly 10 percent of all homes entered into foreclosure. “Seattle continues to be one of the safest real estate markets in the country,” said Bankaci.
The list below breaks down the foreclosure statistics so you can compare how Pierce County homes and specifically Tacoma and Puyallup homes compare to those in other counties. It is important to keep in mind, however, that this still represents less than 1% of all homes in the Puget Sound region.
Pierce: Tacoma 158, Puyallup (61), Spanaway (23), Gig Harbor (20), Sumner (17)
Snohomish: Everett (49), Marysville (32), Snohomish (22), Lynwood (20), Bothell 18
