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 | ||||||||