Fife, WA Real Estate Market Dominated by Foreclosures and Short Sales
By Debi Braulik, Selling Maple Valley to Fife WA Homes For Sale
(www.roundrealestate.com)
Every week I pull the sales trends of the cities in my community- Fife, Edgewood, Milton, and Federal Way. And as 2009 draws to a close and we head into 2010, I thought I would share some staggering statistics. At any given week in Fife, WA there are, on average, 42 current, active listings on the Northwest MLS. They range in price from $167,950 to $579,950. Of the 42, seven are owned by and offered for sale by the builder, 10 are owned by and offered for sale by a private party homeowner, and the remaining 25 are either bank owned or require third party approval (and are short sales). That is a whopping 60% of homes on the market that are foreclosures and short sales!! The subdivisions that are hit the hardest are Radiance (all divisions including Sunset) and Saddle Creek. And to make...
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