Tuesday, January 31, 2017

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

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

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
Dec-
2016
Dec-
2015
Dec-
2016
Dec-
2015
Dec-
2016
Dec-
2015
Dec-
2016
Dec-
2015
Las Vegas4.8%6.8%6.2%5.9%11.0%12.7%28.7%28.4%
Reno**1.0%4.0%3.0%2.0%4.0%6.0%
Phoenix1.7%3.7%2.1%2.9%3.8%6.6%23.1%23.9%
Sacramento2.3%4.0%2.6%4.0%4.9%8.0%15.3%16.2%
Minneapolis1.6%2.6%5.5%9.0%7.1%11.6%12.8%13.3%
Mid-Atlantic3.4%4.2%9.3%12.5%12.7%16.7%16.5%18.7%
So. California*4.8%7.0%21.1%21.0%
Florida SF2.0%3.3%7.4%14.4%9.3%17.7%28.3%33.7%
Florida C/TH1.2%2.1%5.7%12.1%6.9%14.1%55.8%60.5%
Miami-Dade Co SF3.7%6.7%11.2%28.7%14.9%35.3%27.1%34.5%
Miami-Dade Co CTH2.3%2.9%10.8%17.0%13.1%19.9%57.6%64.5%
Northeast Florida13.1%24.0%
Chicago (city)14.6%17.9%
Spokane8.4%14.4%
Chicago (city)14.6%17.9%
Rhode Island9.5%11.0%
Toledo25.6%33.4%
Tucson23.7%28.0%
Knoxville21.6%25.4%
Peoria28.3%24.0%
Georgia***20.7%22.7%
Omaha15.7%19.0%
Richmond VA8.5%11.4%15.4%19.8%
Memphis10.3%15.6%
*share of existing home sales, based on property records
**Single Family Only
***GAMLS