by Calculated Risk on 1/31/2017 05:11:00 PM
Tuesday, January 31, 2017
Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in December
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 Vegas | 4.8% | 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% | ||
Phoenix | 1.7% | 3.7% | 2.1% | 2.9% | 3.8% | 6.6% | 23.1% | 23.9% |
Sacramento | 2.3% | 4.0% | 2.6% | 4.0% | 4.9% | 8.0% | 15.3% | 16.2% |
Minneapolis | 1.6% | 2.6% | 5.5% | 9.0% | 7.1% | 11.6% | 12.8% | 13.3% |
Mid-Atlantic | 3.4% | 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 SF | 2.0% | 3.3% | 7.4% | 14.4% | 9.3% | 17.7% | 28.3% | 33.7% |
Florida C/TH | 1.2% | 2.1% | 5.7% | 12.1% | 6.9% | 14.1% | 55.8% | 60.5% |
Miami-Dade Co SF | 3.7% | 6.7% | 11.2% | 28.7% | 14.9% | 35.3% | 27.1% | 34.5% |
Miami-Dade Co CTH | 2.3% | 2.9% | 10.8% | 17.0% | 13.1% | 19.9% | 57.6% | 64.5% |
Northeast Florida | 13.1% | 24.0% | ||||||
Chicago (city) | 14.6% | 17.9% | ||||||
Spokane | 8.4% | 14.4% | ||||||
Chicago (city) | 14.6% | 17.9% | ||||||
Rhode Island | 9.5% | 11.0% | ||||||
Toledo | 25.6% | 33.4% | ||||||
Tucson | 23.7% | 28.0% | ||||||
Knoxville | 21.6% | 25.4% | ||||||
Peoria | 28.3% | 24.0% | ||||||
Georgia*** | 20.7% | 22.7% | ||||||
Omaha | 15.7% | 19.0% | ||||||
Richmond VA | 8.5% | 11.4% | 15.4% | 19.8% | ||||
Memphis | 10.3% | 15.6% | ||||||
*share of existing home sales, based on property records **Single Family Only ***GAMLS |