by Calculated Risk on 3/17/2014 05:56:00 PM

Economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for several selected cities in February.

From CR: Total "distressed" share is down in all of these markets, mostly because of a sharp decline in short sales.

Foreclosures are down in most of these areas too, although foreclosures are up a little in Las Vegas (there was a state law change that slowed foreclosures dramatically in Nevada at the end of 2011 - so it isn't a surprise that foreclosures are up a little year-over-year).  Orlando also saw a slight increase in foreclosures.

The All Cash Share (last two columns) is declining in most areas 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
	Feb-14	Feb-13	Feb-14	Feb-13	Feb-14	Feb-13	Feb-14	Feb-13
Las Vegas	14.0%	37.9%	12.0%	10.2%	26.0%	48.1%	46.8%	59.5%
Reno**	13.0%	37.0%	7.0%	13.0%	20.0%	50.0%
Phoenix	5.3%	15.0%	8.3%	13.8%	13.7%	28.8%	33.6%	46.1%
Sacramento	12.3%	30.3%	7.0%	13.5%	19.3%	43.8%	26.5%	39.5%
Minneapolis	5.0%	11.3%	25.3%	32.7%	30.3%	43.9%
Mid-Atlantic	7.7%	13.6%	10.9%	12.1%	18.6%	25.6%	21.4%	22.8%
Orlando	9.7%	22.0%	24.6%	24.0%	34.3%	46.0%	48.2%	56.3%
California *	9.6%	22.4%	8.2%	17.9%	17.8%	40.3%
Bay Area CA*	7.0%	20.2%	5.4%	13.9%	12.4%	34.1%	26.8%	32.4%
So. California*	9.4%	22.4%	6.8%	16.2%	16.2%	38.6%	30.9%	36.9%
Chicago	12.0%	NA	33.0%	NA	45.0%	49.0%
Hampton Roads					30.7%	34.2%
Charlotte					10.5%	15.9%
Naples					12.2%	22.1%
Georgia***							35.3%	NA
Toledo							41.8%	46.7%
Des Moines							22.4%	21.9%
Peoria							30.9%	26.8%
Tucson							37.0%	39.5%
Pensacola							41.0%	36.1%
Memphis*			22.1%	29.0%
Springfield IL**			17.9%	26.4%
*share of existing home sales, based on property records **Single Family Only ***GAMLS