by Calculated Risk on 1/26/2015 05:05:00 PM
Monday, January 26, 2015
Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in December
Economist Tom Lawler sent me the updated table below of short sales, foreclosures and cash buyers for a few selected cities in December.
On distressed: Total "distressed" share is down in almost all of these markets, mostly due to a decline in short sales.
Short sales are down in these areas (except Sacramento).
Foreclosures are up in a few areas (working through the logjam, mostly in judicial states - especially in Florida).
The All Cash Share (last two columns) is mostly declining year-over-year.
| Short Sales Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Dec-14 | Dec-13 | Dec-14 | Dec-13 | Dec-14 | Dec-13 | Dec-14 | Dec-13 | |
| Las Vegas | 10.0% | 20.7% | 8.0% | 8.5% | 18.0% | 29.2% | 34.1% | 44.4% |
| Reno** | 8.0% | 24.0% | 5.0% | 4.0% | 13.0% | 28.0% | ||
| Phoenix | 4.6% | 9.5% | 5.2% | 7.5% | 9.8% | 17.1% | 29.2% | 34.6% |
| Sacramento | 6.2% | 6.1% | 7.1% | 5.4% | 13.3% | 11.5% | 15.4%** | 19.5%** |
| Minneapolis | 3.7% | 5.5% | 12.6% | 17.1% | 16.3% | 22.7% | ||
| Mid-Atlantic | 4.9% | 8.0% | 11.2% | 9.3% | 16.1% | 17.3% | 20.3% | 19.3% |
| Orlando | 4.8% | 13.5% | 26.7% | 19.1% | 31.5% | 32.7% | 40.0% | 45.0% |
| California * | 6.3% | 10.3% | 5.7% | 6.9% | 12.0% | 17.2% | ||
| Bay Area CA* | 4.0% | 7.9% | 3.7% | 4.6% | 7.7% | 12.5% | 19.0% | 23.5% |
| So. California* | 6.2% | 10.2% | 5.0% | 5.8% | 11.2% | 16.0% | 23.8% | 28.8% |
| Tampa MSA SF | 6.2% | 11.9% | 23.4% | 18.2% | 29.6% | 30.1% | 36.9% | 42.0% |
| Tampa MSA C/TH | 3.3% | 8.4% | 18.4% | 15.8% | 21.7% | 24.2% | 60.3% | 62.8% |
| Tampa MSA C/TH | 3.3% | 8.4% | 18.4% | 15.8% | 21.7% | 24.2% | 60.3% | 62.8% |
| Florida SF | 5.3% | 11.0% | 21.8% | 19.5% | 27.1% | 30.5% | 38.4% | 42.5% |
| Florida C/TH | 3.3% | 9.0% | 17.6% | 16.0% | 20.9% | 25.1% | 65.3% | 68.4% |
| Northeast Florida | 30.6% | 37.9% | ||||||
| Hampton Roads | 21.5% | 29.1% | ||||||
| Tucson | 28.7% | 32.3% | ||||||
| Toledo | 37.9% | 36.5% | ||||||
| Wichita | 26.8% | 30.2% | ||||||
| Des Moines | 20.3% | 23.1% | ||||||
| Peoria | 23.6% | 23.0% | ||||||
| Georgia*** | 25.5% | N/A | ||||||
| Omaha | 20.5% | 23.9% | ||||||
| Pensacola | 33.1% | 35.5% | ||||||
| Knoxville | 25.0% | 25.0% | ||||||
| Memphis* | 15.0% | 21.0% | ||||||
| Rhode Island | 14.7% | 19.1% | ||||||
| *share of existing home sales, based on property records **Single Family Only ***GAMLS | ||||||||


