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 Share | Foreclosure Sales Share | Total "Distressed" Share | All Cash Share | |||||
---|---|---|---|---|---|---|---|---|
Jul- 2015 | Jul- 2014 | Jul- 2015 | Jul- 2014 | Jul- 2015 | Jul- 2014 | Jul- 2015 | Jul- 2014 | |
Las Vegas | 7.0% | 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% | ||
Phoenix | 2.8% | 3.7% | 3.5% | 5.9% | 6.3% | 9.6% | 23.4% | 24.8% |
Sacramento | 4.7% | 5.7% | 4.6% | 6.3% | 9.3% | 12.1% | 18.1% | 20.9% |
Minneapolis | 1.9% | 3.1% | 5.4% | 9.3% | 7.3% | 12.4% | ||
Mid-Atlantic | 3.4% | 4.3% | 9.4% | 7.7% | 12.8% | 12.1% | 15.8% | 17.1% |
Orlando | 3.7% | 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 SF | 3.3% | 5.9% | 16.3% | 20.7% | 19.6% | 26.6% | 32.8% | 37.7% |
Florida C/TH | 2.4% | 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 |
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