by Calculated Risk on 3/14/2012 04:16:00 PM

Economist Tom Lawler sent me the updated table below for several distressed areas. He added Orlando and Southern California today.

Lawler noted that the Reno data is NOT directly from the realtor association/MLS. Also "SoCal shares are not MLS based, but are Dataquick estimates based on property records".

CR Note: This could be very useful data over the next several months (and years) as we try to track the impact of the mortgage servicer settlement and to see if the markets are improving. Obviously fewer distressed sales would indicate a less unhealthy market (except it might be due to process delays right now).

For most of the areas (with the exception of Reno), the distressed share of sales is down from February 2011, the share of short sales has increased and the share of foreclosure sales are down - and down significantly in some areas.

Look at Orlando: Short sales have increased from 23.7% to 33.3%, and foreclosures have declined from almost half of sales (49.9%) to 28.9%.

Note: The table is a percentage of total sales.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share
	12-Feb	11-Feb	12-Feb	11-Feb	12-Feb	11-Feb
Las Vegas	29.3%	26.6%	42.0%	51.6%	71.3%	78.2%
Reno	28.0%	30.0%	42.0%	36.0%	70.0%	66.0%
Phoenix	28.1%	21.1%	23.3%	49.6%	51.4%	70.7%
Sacramento	31.9%	22.1%	33.9%	49.2%	65.8%	71.3%
Minneapolis	15.0%	13.6%	42.3%	47.9%	57.3%	61.5%
Mid-Atlantic (MRIS)	16.4%	14.5%	17.5%	27.2%	33.9%	41.7%
Orlando	33.3%	23.7%	28.9%	49.9%	62.2%	73.6%
Southern California	20.5%	19.7%	32.5%	37.0%	53.0%	56.7%