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Tuesday, January 31, 2017

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

by Calculated Risk on 1/31/2017 05:11:00 PM

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

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

Short sales and foreclosures are mostly 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
Dec-
2016
Dec-
2015
Dec-
2016
Dec-
2015
Dec-
2016
Dec-
2015
Dec-
2016
Dec-
2015
Las Vegas4.8%6.8%6.2%5.9%11.0%12.7%28.7%28.4%
Reno**1.0%4.0%3.0%2.0%4.0%6.0%
Phoenix1.7%3.7%2.1%2.9%3.8%6.6%23.1%23.9%
Sacramento2.3%4.0%2.6%4.0%4.9%8.0%15.3%16.2%
Minneapolis1.6%2.6%5.5%9.0%7.1%11.6%12.8%13.3%
Mid-Atlantic3.4%4.2%9.3%12.5%12.7%16.7%16.5%18.7%
So. California*4.8%7.0%21.1%21.0%
Florida SF2.0%3.3%7.4%14.4%9.3%17.7%28.3%33.7%
Florida C/TH1.2%2.1%5.7%12.1%6.9%14.1%55.8%60.5%
Miami-Dade Co SF3.7%6.7%11.2%28.7%14.9%35.3%27.1%34.5%
Miami-Dade Co CTH2.3%2.9%10.8%17.0%13.1%19.9%57.6%64.5%
Northeast Florida13.1%24.0%
Chicago (city)14.6%17.9%
Spokane8.4%14.4%
Chicago (city)14.6%17.9%
Rhode Island9.5%11.0%
Toledo25.6%33.4%
Tucson23.7%28.0%
Knoxville21.6%25.4%
Peoria28.3%24.0%
Georgia***20.7%22.7%
Omaha15.7%19.0%
Richmond VA8.5%11.4%15.4%19.8%
Memphis10.3%15.6%
*share of existing home sales, based on property records
**Single Family Only
***GAMLS