Wednesday, August 26, 2015

Lawler: Updated Table of Distressed Sales and Cash buyers for Selected Cities in July

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

On distressed: Total "distressed" share is down in most of these markets.  Distressed sales are up in the Mid-Atlantic due to an increase in foreclosures.

Short sales are down in all of these areas.

The All Cash Share (last two columns) is declining year-over-year. As investors pull back, the share of all cash buyers will probably continue to decline.

  Short Sales ShareForeclosure Sales Share Total "Distressed" ShareAll Cash Share
Jul-
2015
Jul-
2014
Jul-
2015
Jul-
2014
Jul-
2015
Jul-
2014
Jul-
2015
Jul-
2014
Las Vegas7.0%11.5%7.7%9.1%14.7%20.6%27.1%35.6%
Reno**3.0%4.0%2.0%8.0%5.0%12.0%   
Phoenix2.8%3.7%3.5%5.9%6.3%9.6%23.4%24.8%
Sacramento4.7%5.7%4.6%6.3%9.3%12.1%18.1%20.9%
Minneapolis1.9%3.1%5.4%9.3%7.3%12.4%   
Mid-Atlantic3.4%4.3%9.4%7.7%12.8%12.1%15.8%17.1%
Orlando3.7%8.3%20.1%24.4%23.8%32.7%34.5%39.3%
Bay Area CA*2.4%2.8%2.4%2.6%4.8%5.4%20.1%20.7%
So. California*3.2%4.3%3.9%4.6%7.1%8.9%21.7%25.1%
Florida SF3.3%5.9%16.3%20.7%19.6%26.6%32.8%37.7%
Florida C/TH2.4%19.1%15.2%19.1%17.6%38.1%59.2%64.3%
Chicago (city)        13.5%17.7%   
Hampton Roads        15.1%17.2%   
Spokane        9.0%12.2%   
Northeast Florida        26.4%31.0%   
Toledo            27.0%32.9%
Tucson            23.7%26.2%
Peoria            15.6%18.4%
Georgia***            20.3%24.1%
Omaha            13.9%17.0%
Knoxville            21.8%25.5%
Richmond VA MSA    8.4%12.1%    18.1%18.4%
Memphis    12.6%13.3%       
Springfield IL**    5.6%7.2%       
*share of existing home sales, based on property records
**Single Family Only
***GAMLS

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.