Friday, September 23, 2016

Lawler: Table of Distressed Sales and All Cash Sales for Selected Cities in August

Economist Tom Lawler sent me the table below of short sales, foreclosures and all cash sales for selected cities in August.

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 (except a minor increase in Springfield).

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
Aug-
2016
Aug-
2015
Aug-
2016
Aug-
2015
Aug-
2016
Aug-
2015
Aug-
2016
Aug-
2015
Las Vegas4.1%6.2%5.5%7.0%9.6%13.2%25.8%28.2%
Phoenix2.1%2.7%2.3%3.4%4.4%6.1%20.3%22.6%
Sacramento2.9%4.3%2.9%3.8%5.8%8.0%15.3%18.8%
Minneapolis1.1%1.7%3.8%6.1%4.9%7.8%12.1%11.7%
Mid-Atlantic2.8%3.2%8.6%10.5%11.4%13.7%16.7%16.5%
Florida SF2.1%3.5%8.0%16.6%10.1%20.2%27.3%33.6%
Florida C/TH1.4%2.3%7.3%15.3%8.6%17.6%55.0%59.7%
Miami MSA SF2.9%5.9%9.5%17.9%12.4%23.8%26.5%32.0%
Miami MSA C/TH1.7%3.0%10.0%19.2%11.7%22.2%56.1%62.9%
Chicago (city)        12.4%15.0%   
Northeast Florida        14.2%25.8%   
Rhode Island        8.0%10.1%   
Spokane        6.1%10.0%   
Toledo            24.9%30.3%
Tucson            20.9%25.8%
Knoxville            22.5%23.4%
Peoria            20.2%17.2%
Georgia***            19.8%21.9%
Omaha            15.2%16.9%
Pensacola            24.3%30.6%
Richmond VA    6.9%9.3%    16.0%16.0%
Memphis    8.6%12.2%       
Springfield IL**    6.8%6.6%       
*share of existing home sales, based on property records
**Single Family Only
***GAMLS

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