Friday, December 23, 2016

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

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

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

Short sales and foreclosures are mostly 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
Nov-
2016
Nov-
2015
Nov-
2016
Nov-
2015
Nov-
2016
Nov-
2015
Nov-
2016
Nov-
2015
Las Vegas4.0%7.1%6.5%6.2%10.5%13.3%26.9%33.2%
Reno**2.0%4.0%3.0%4.0%5.0%8.0%
Phoenix1.5%2.9%2.2%3.8%3.7%6.7%23.4%29.1%
Sacramento2.6%4.4%2.4%3.6%5.0%8.0%12.9%22.9%
Minneapolis1.8%2.6%4.8%9.6%6.6%12.2%12.7%16.6%
Mid-Atlantic3.1%3.9%9.4%11.9%12.6%15.8%17.5%20.9%
Florida SF2.2%3.7%8.1%15.3%10.3%19.0%29.5%37.7%
Florida C/TH1.3%2.4%6.1%13.4%7.4%15.7%57.2%65.4%
Chicago (city)15.5%18.6%
Spokane6.7%9.8%
Northeast Florida13.7%26.2%
Rhode Island9.2%11.2%
Tucson23.1%32.2%
Knoxville21.3%26.0%
Peoria23.2%27.2%
Georgia***19.7%25.2%
Omaha18.1%20.6%
Richmond VA8.8%10.2%17.2%21.0%
Memphis10.9%15.3%
Springfield IL**5.6%8.6%
*share of existing home sales, based on property records
**Single Family Only
***GAMLS