Monday, October 24, 2016

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

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

On distressed: Total "distressed" share is down year-over-year in most of these markets.

Short sales and foreclosures are down in most 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
Sep-
2016
Sep-
2015
Sep-
2016
Sep-
2015
Sep-
2016
Sep-
2015
Sep-
2016
Sep-
2015
Las Vegas4.6%6.8%6.0%7.1%10.6%13.9%26.5%26.8%
Reno**3.0%3.0%2.0%3.0%5.0%6.0%   
Phoenix1.7%2.4%2.0%3.5%3.7%5.9%20.2%23.1%
Sacramento1.4%2.9%3.1%4.1%4.5%6.9%16.3%17.6%
Minneapolis1.1%1.9%4.3%6.6%5.4%8.5%12.8%12.5%
Mid-Atlantic3.1%3.9%8.9%11.1%11.9%14.9%16.5%17.5%
Florida SF2.3%3.5%7.8%16.0%10.1%19.4%28.0%34.1%
Florida C/TH1.6%2.1%7.0%14.3%8.6%16.4%55.8%59.7%
Miami MSA SF3.3%5.1%9.4%18.6%12.7%23.7%28.5%33.2%
Miami MSA CTH2.7%2.7%9.5%18.0%12.1%20.7%58.1%63.0%
Chicago (city)        12.1%17.5%   
Spokane        7.8%7.8%   
Northeast Florida        12.9%23.4%   
Orlando            31.3%35.5%
Toledo            28.0%26.5%
Tucson            22.2%25.9%
Peoria            20.5%22.3%
Georgia***            20.8%22.3%
Omaha            15.5%18.1%
Pensacola            29.1%31.4%
Rhode Island        11.1%9.0%   
Richmond VA    8.7%10.5%    18.4%15.2%
Memphis    8.8%13.1%       
Springfield IL**            9.7%10.3%
*share of existing home sales, based on property records
**Single Family Only
***GAMLS