Total "distressed" share is down in all of these markets, mostly because of a sharp decline in short sales.
Foreclosures are down in most of these areas too, although foreclosures are up in some judicial foreclosure areas and also in Las Vegas (there was a state law change that slowed foreclosures dramatically in Nevada at the end of 2011).
The All Cash Share (last two columns) is mostly declining year-over-year.
Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
---|---|---|---|---|---|---|---|---|
Apr-14 | Apr-13 | Apr-14 | Apr-13 | Apr-14 | Apr-13 | Apr-14 | Apr-13 | |
Las Vegas | 12.4% | 32.5% | 11.4% | 10.0% | 23.8% | 42.5% | 41.4% | 59.3% |
Reno** | 15.0% | 33.0% | 6.0% | 8.0% | 21.0% | 41.0% | ||
Phoenix | 4.0% | 12.7% | 6.5% | 11.3% | 10.5% | 24.1% | 32.2% | 42.0% |
Sacramento | 7.5% | 8.8% | 9.5% | 23.1% | 17.0% | 31.9% | 21.9% | 37.2% |
Minneapolis | 5.0% | 7.4% | 15.9% | 24.0% | 20.9% | 31.4% | ||
Mid-Atlantic | 5.9% | 9.9% | 10.0% | 8.6% | 15.9% | 18.5% | 19.5% | 19.4% |
Orlando | 9.1% | 21.2% | 23.7% | 20.5% | 32.9% | 41.8% | 42.4% | 54.8% |
California * | 5.5% | 16.1% | 6.7% | 13.5% | 12.2% | 29.6% | ||
Bay Area CA* | 3.8% | 11.8% | 3.6% | 8.4% | 7.4% | 20.2% | 22.9% | 28.3% |
So. California* | 5.4% | 16.6% | 5.9% | 12.4% | 11.3% | 29.0% | 26.7% | 34.4% |
Florida SF | 6.9% | 14.8% | 21.1% | 16.2% | 28.0% | 31.0% | 43.4% | 47.9% |
Florida C/TH | 4.5% | 10.2% | 15.6% | 12.0% | 20.1% | 22.3% | 70.9% | 73.8% |
Miami MSA SF | 10.5% | 18.5% | 16.5% | 10.8% | 27.0% | 29.3% | 44.4% | 47.1% |
Miami MSA C/TH | 5.6% | 12.8% | 17.5% | 12.0% | 23.1% | 24.7% | 73.4% | 78.9% |
Sarasota | 3.8% | 9.5% | 12.8% | 12.5% | 16.6% | 22.0% | ||
Northeast Florida | 38.1% | 39.5% | ||||||
Hampton Roads | 24.4% | 27.8% | ||||||
Toledo | 33.4% | 40.8% | ||||||
Des Moines | 17.1% | 19.6% | ||||||
Peoria | 21.2% | 24.4% | ||||||
Tucson | 30.5% | 33.5% | ||||||
Omaha | 22.3% | 17.4% | ||||||
Pensacola | 35.6% | 34.5% | ||||||
Georgia*** | 34.3% | NA | ||||||
Houston | 6.1% | 10.4% | ||||||
Memphis* | 16.6% | 24.7% | ||||||
Birmingham AL | 16.8% | 24.1% | ||||||
Springfield IL** | 13.2% | 14.4% | ||||||
*share of existing home sales, based on property records **Single Family Only ***GAMLS |
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