Friday 29 April 2016

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

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

On distressed: Total "distressed" share is down in all of these markets.

Short sales and foreclosures are down in all of 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
Mar-
2016
Mar-
2015
Mar-
2016
Mar-
2015
Mar-
2016
Mar-
2015
Mar-
2016
Mar-
2015
Las Vegas 5.9% 8.3% 7.1% 9.3% 13.0% 17.6% 27.7% 32.4%
Reno** 3.0% 5.0% 3.0% 8.0% 6.0% 13.0%    
Phoenix 2.1% 3.2% 2.3% 4.2% 4.5% 7.4% 24.6% 27.5%
Sacramento 4.5% 5.4% 5.5% 6.9% 10.0% 12.4% 17.3% 19.3%
Minneapolis 2.5% 3.0% 10.9% 12.4% 13.4% 15.4%    
Mid-Atlantic 4.4% 4.7% 13.6% 14.0% 18.0% 18.8% 18.3% 18.2%
So. California* 3.1% 4.0% 3.9% 5.1% 7.0% 9.1% 22.7% 25.2%
Bay Area CA* 2.2% 2.8% 2.5% 2.9% 4.7% 5.7% 24.0% 24.3%
Riverside 2.4% 3.5% 3.2% 5.0% 5.6% 8.5% 18.2% 19.2%
San Bernardino 2.4% 4.1% 3.2% 5.2% 5.6% 9.3% 20.7% 21.8%
Florida SF 2.7% 3.9% 12.0% 21.0% 14.7% 25.0% 32.0% 38.8%
Florida C/TH 1.6% 2.5% 9.5% 15.3% 11.1% 17.8% 62.0% 66.2%
Miami MSA SF 3.9% 6.6% 13.9% 19.6% 17.7% 26.2% 32.9% 40.0%
Miami MSA C/TH 1.9% 3.0% 12.6% 19.1% 14.5% 22.1% 64.2% 69.6%
Spokane         11.5% 18.1%    
Chicago (city)         19.6% 21.9%    
Hampton Roads         18.2% 22.7%    
Spokane         11.5% 18.1%    
Northeast Florida         19.9% 30.9%    
Spokane         11.5% 18.1%    
Rhode Island         14.0% 17.3%    
Toledo             30.6% 32.7%
Tucson             25.8% 32.0%
Knoxville             22.1% 22.9%
Peoria             21.6% 23.7%
Georgia***             21.0% 23.2%
Omaha             16.3% 16.1%
Pensacola         17.0% 28.0% 28.3% 33.4%
Richmond VA MSA     9.8% 11.9%     17.3% 18.0%
Memphis****     15.0% 15.3%     32.3% 37.6%
Springfield IL**     11.2% 12.1%     18.1% N.A.
*share of existing home sales, based on property records
**Single Family Only
***GAMLS


from
http://feedproxy.google.com/~r/CalculatedRisk/~3/QR0L1drtHcQ/lawlerupdated-table-of-distressed-sales.html

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