Wednesday, November 23, 2016

Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in October

Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in October.

On distressed: The total "distressed" share is down year-over-year in most of these markets.

Short sales and foreclosures are down in these areas.

The All Cash Share (last two columns) is mostly declining year-over-year. As investors continue to pull back, the share of all cash buyers continues to decline.

  Short
Sales
Share
Foreclosure
Sales
Share
Total
"Distressed"
Share
All
Cash
Share
Oct-
2016
Oct-
2015
Oct-
2016
Oct-
2015
Oct-
2016
Oct-
2015
Oct-
2016
Oct-
2015
Las Vegas5.1%6.3%5.6%7.3%10.7%13.6%27.4%30.9%
Reno**1.0%4.0%2.0%3.0%3.0%7.0%   
Phoenix1.8%2.7%2.0%3.6%3.8%6.3%21.0%24.6%
Sacramento2.3%4.0%2.0%3.5%4.3%7.5%14.4%17.8%
Minneapolis1.2%2.3%3.9%7.8%5.1%10.1%12.7%15.5%
Mid-Atlantic2.8%3.7%8.9%11.9%11.8%15.6%16.6%19.3%
Florida SF2.3%3.6%8.0%15.6%10.4%19.3%28.6%34.2%
Florida C/TH1.5%2.1%6.7%13.5%8.2%15.7%55.5%61.6%
Miami MSA SF3.5%5.7%8.3%17.1%11.8%22.8%29.6%33.8%
Miami MSA CTH1.6%2.5%9.1%16.5%10.6%19.0%58.8%63.9%
Chicago (city)        13.0%18.3%   
Spokane        7.2%12.3%   
Northeast Florida        13.9%25.6%   
Orlando            29.0%36.5%
Toledo            25.6%30.4%
Tucson            23.4%28.1%
Knoxville            22.6%25.4%
Peoria            23.3%20.8%
Georgia***            20.1%23.1%
Omaha            16.1%15.5%
Pensacola               
Rhode Island        9.9%9.6%   
Richmond VA    8.0%9.3%    16.3%17.1%
Memphis    9.3%15.5%       
Springfield IL**            7.6%7.8%
*share of existing home sales, based on property records
**Single Family Only
***GAMLS

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