RSS Feed by Calculated Risk on 7/25/2016 02:50:00 PM
Monday, July 25, 2016
Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in June
Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in June.
On distressed: Total "distressed" share is down year-over-year in all of these markets.
Short sales and foreclosures are down in all of 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 | |||||
|---|---|---|---|---|---|---|---|---|
| June- 2016 | June- 2015 | June- 2016 | June- 2015 | June- 2016 | June- 2015 | June- 2016 | June- 2015 | |
| Las Vegas | 4.4% | 6.7% | 5.9% | 7.6% | 10.3% | 14.3% | 27.0% | 28.4% |
| Reno** | 3.0% | 5.0% | 2.0% | 3.0% | 5.0% | 8.0% | ||
| Phoenix | 1.6% | 2.8% | 1.9% | 3.6% | 3.4% | 6.4% | 20.9% | 23.1% |
| Sacramento | 2.8% | 5.8% | 2.6% | 4.6% | 5.4% | 10.4% | 16.1% | 17.8% |
| Minneapolis | 1.2% | 2.0% | 3.8% | 5.7% | 5.0% | 7.7% | 10.9% | 12.1% |
| Mid-Atlantic | 2.7% | 3.1% | 8.1% | 8.7% | 10.8% | 11.7% | 14.4% | 15.2% |
| Florida SF | 2.2% | 3.5% | 8.0% | 16.6% | 10.2% | 20.1% | 27.2% | 33.3% |
| Florida C/TH | 1.4% | 2.4% | 7.1% | 14.8% | 8.6% | 17.2% | 54.5% | 60.9% |
| Miami MSA SF | 3.2% | 6.0% | 9.5% | 17.2% | 12.7% | 23.3% | 28.8% | 34.8% |
| Miami MSA C/TH | 1.8% | 2.9% | 10.3% | 19.3% | 12.1% | 22.2% | 58.8% | 62.9% |
| So. California* | 5.3% | 6.9% | ||||||
| Bay Area CA* | 2.2% | 4.3% | ||||||
| Chicago (city) | 9.8% | 12.4% | ||||||
| Spokane | 7.6% | 10.8% | ||||||
| Rhode Island | 9.2% | 10.4% | ||||||
| Northeast Florida | 15.1% | 25.4% | ||||||
| Orlando | 27.9% | 35.8% | ||||||
| Tucson | 23.1% | 26.5% | ||||||
| Toledo | 23.2% | 27.0% | ||||||
| S.C. Wisconsin | 14.1% | 14.3% | ||||||
| Knoxville | 18.9% | 18.9% | ||||||
| Peoria | 15.6% | 16.1% | ||||||
| Georgia*** | 18.1% | 20.3% | ||||||
| Omaha | 15.1% | 14.6% | ||||||
| Pensacola | 25.3% | 31.6% | ||||||
| Richmond VA | 5.6% | 7.6% | 13.5% | 13.8% | ||||
| Memphis | 9.0% | 11.4% | ||||||
| Springfield IL** | 4.7% | 5.6% | ||||||
| *share of existing home sales, based on property records **Single Family Only ***GAMLS | ||||||||
