by Calculated Risk on 8/26/2015 03:01:00 PM
Wednesday, August 26, 2015
Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in July
Economist Tom Lawler sent me an updated table below of short sales, foreclosures and cash buyers for selected cities in July.
On distressed: Total "distressed" share is down in most of these markets. Distressed sales are up in the Mid-Atlantic due to an increase in foreclosures.
Short sales are down in all of these areas.
The All Cash Share (last two columns) is declining year-over-year. As investors pull back, the share of all cash buyers will probably continue to decline.
Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
---|---|---|---|---|---|---|---|---|
Jul- 2015 | Jul- 2014 | Jul- 2015 | Jul- 2014 | Jul- 2015 | Jul- 2014 | Jul- 2015 | Jul- 2014 | |
Las Vegas | 7.0% | 11.5% | 7.7% | 9.1% | 14.7% | 20.6% | 27.1% | 35.6% |
Reno** | 3.0% | 4.0% | 2.0% | 8.0% | 5.0% | 12.0% | ||
Phoenix | 2.8% | 3.7% | 3.5% | 5.9% | 6.3% | 9.6% | 23.4% | 24.8% |
Sacramento | 4.7% | 5.7% | 4.6% | 6.3% | 9.3% | 12.1% | 18.1% | 20.9% |
Minneapolis | 1.9% | 3.1% | 5.4% | 9.3% | 7.3% | 12.4% | ||
Mid-Atlantic | 3.4% | 4.3% | 9.4% | 7.7% | 12.8% | 12.1% | 15.8% | 17.1% |
Orlando | 3.7% | 8.3% | 20.1% | 24.4% | 23.8% | 32.7% | 34.5% | 39.3% |
Bay Area CA* | 2.4% | 2.8% | 2.4% | 2.6% | 4.8% | 5.4% | 20.1% | 20.7% |
So. California* | 3.2% | 4.3% | 3.9% | 4.6% | 7.1% | 8.9% | 21.7% | 25.1% |
Florida SF | 3.3% | 5.9% | 16.3% | 20.7% | 19.6% | 26.6% | 32.8% | 37.7% |
Florida C/TH | 2.4% | 19.1% | 15.2% | 19.1% | 17.6% | 38.1% | 59.2% | 64.3% |
Chicago (city) | 13.5% | 17.7% | ||||||
Hampton Roads | 15.1% | 17.2% | ||||||
Spokane | 9.0% | 12.2% | ||||||
Northeast Florida | 26.4% | 31.0% | ||||||
Toledo | 27.0% | 32.9% | ||||||
Tucson | 23.7% | 26.2% | ||||||
Peoria | 15.6% | 18.4% | ||||||
Georgia*** | 20.3% | 24.1% | ||||||
Omaha | 13.9% | 17.0% | ||||||
Knoxville | 21.8% | 25.5% | ||||||
Richmond VA MSA | 8.4% | 12.1% | 18.1% | 18.4% | ||||
Memphis | 12.6% | 13.3% | ||||||
Springfield IL** | 5.6% | 7.2% | ||||||
*share of existing home sales, based on property records **Single Family Only ***GAMLS |