Friday, December 23, 2016

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

by Bill McBride on 12/23/2016 05:26:00 PM

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

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
Nov-
2016
Nov-
2015
Nov-
2016
Nov-
2015
Nov-
2016
Nov-
2015
Nov-
2016
Nov-
2015
Las Vegas4.0%7.1%6.5%6.2%10.5%13.3%26.9%33.2%
Reno**2.0%4.0%3.0%4.0%5.0%8.0%
Phoenix1.5%2.9%2.2%3.8%3.7%6.7%23.4%29.1%
Sacramento2.6%4.4%2.4%3.6%5.0%8.0%12.9%22.9%
Minneapolis1.8%2.6%4.8%9.6%6.6%12.2%12.7%16.6%
Mid-Atlantic3.1%3.9%9.4%11.9%12.6%15.8%17.5%20.9%
Florida SF2.2%3.7%8.1%15.3%10.3%19.0%29.5%37.7%
Florida C/TH1.3%2.4%6.1%13.4%7.4%15.7%57.2%65.4%
Chicago (city)15.5%18.6%
Spokane6.7%9.8%
Northeast Florida13.7%26.2%
Rhode Island9.2%11.2%
Tucson23.1%32.2%
Knoxville21.3%26.0%
Peoria23.2%27.2%
Georgia***19.7%25.2%
Omaha18.1%20.6%
Richmond VA8.8%10.2%17.2%21.0%
Memphis10.9%15.3%
Springfield IL**5.6%8.6%
*share of existing home sales, based on property records
**Single Family Only
***GAMLS