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 ShareForeclosure Sales Share Total "Distressed" ShareAll Cash Share
June-
2016
June-
2015
June-
2016
June-
2015
June-
2016
June-
2015
June-
2016
June-
2015
Las Vegas4.4%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%   
Phoenix1.6%2.8%1.9%3.6%3.4%6.4%20.9%23.1%
Sacramento2.8%5.8%2.6%4.6%5.4%10.4%16.1%17.8%
Minneapolis1.2%2.0%3.8%5.7%5.0%7.7%10.9%12.1%
Mid-Atlantic2.7%3.1%8.1%8.7%10.8%11.7%14.4%15.2%
Florida SF2.2%3.5%8.0%16.6%10.2%20.1%27.2%33.3%
Florida C/TH1.4%2.4%7.1%14.8%8.6%17.2%54.5%60.9%
Miami MSA SF3.2%6.0%9.5%17.2%12.7%23.3%28.8%34.8%
Miami MSA C/TH1.8%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

No comments:

Post a Comment

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