In Depth Analysis: CalculatedRisk Newsletter on Real Estate (Ad Free) Read it here.

Wednesday, November 23, 2016

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

by Calculated Risk on 11/23/2016 05:12:00 PM

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

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

Short sales and foreclosures are down in 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
Oct-
2016
Oct-
2015
Oct-
2016
Oct-
2015
Oct-
2016
Oct-
2015
Oct-
2016
Oct-
2015
Las Vegas5.1%6.3%5.6%7.3%10.7%13.6%27.4%30.9%
Reno**1.0%4.0%2.0%3.0%3.0%7.0%   
Phoenix1.8%2.7%2.0%3.6%3.8%6.3%21.0%24.6%
Sacramento2.3%4.0%2.0%3.5%4.3%7.5%14.4%17.8%
Minneapolis1.2%2.3%3.9%7.8%5.1%10.1%12.7%15.5%
Mid-Atlantic2.8%3.7%8.9%11.9%11.8%15.6%16.6%19.3%
Florida SF2.3%3.6%8.0%15.6%10.4%19.3%28.6%34.2%
Florida C/TH1.5%2.1%6.7%13.5%8.2%15.7%55.5%61.6%
Miami MSA SF3.5%5.7%8.3%17.1%11.8%22.8%29.6%33.8%
Miami MSA CTH1.6%2.5%9.1%16.5%10.6%19.0%58.8%63.9%
Chicago (city)        13.0%18.3%   
Spokane        7.2%12.3%   
Northeast Florida        13.9%25.6%   
Orlando            29.0%36.5%
Toledo            25.6%30.4%
Tucson            23.4%28.1%
Knoxville            22.6%25.4%
Peoria            23.3%20.8%
Georgia***            20.1%23.1%
Omaha            16.1%15.5%
Pensacola               
Rhode Island        9.9%9.6%   
Richmond VA    8.0%9.3%    16.3%17.1%
Memphis    9.3%15.5%       
Springfield IL**            7.6%7.8%
*share of existing home sales, based on property records
**Single Family Only
***GAMLS