Renton Bank Owned Home Sales Numbers Continue to Decline

Renton Bank Owned Home Sales Numbers Continue to Decline

Renton WA Real EstateSingle Family foreclosed properties, sold at Auction and relisted by the Asset Manager or REO company are categorized individually in the NWMLS database.

In 2014, 130 Bank/REO owned properties closed escrow in Renton, WA.

This number is down more than 50% over sales just two years ago.

“In 2012, there were 269 Single Family bank owned homes sold which is more than twice the amount sold last year.”

 

In 2012 the highest priced REO sold was a property held by BECU. It was listed for $639,950 and sold for $780,000

This past year, the highest priced bank owned property sale was a waterfront home on Lake Washington held by JP Morgan Chase. Listed for $1.65 Million, it sold for a little over $2 Million in April.

If you’re interested in current Bank Owned opportunities in Renton, you can view available properties here

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