Economist Tom Lawler sent me an updated table below of short sales, foreclosures and all cash sales for selected cities in March.
On distressed: Total “distressed” share is down in all of these markets.
Short sales and foreclosures are down in all 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 Share | Foreclosure Sales Share | Total “Distressed” Share | All Cash Share | |||||
|---|---|---|---|---|---|---|---|---|
| Mar- 2016 | Mar- 2015 | Mar- 2016 | Mar- 2015 | Mar- 2016 | Mar- 2015 | Mar- 2016 | Mar- 2015 | |
| Las Vegas | 5.9% | 8.3% | 7.1% | 9.3% | 13.0% | 17.6% | 27.7% | 32.4% |
| Reno** | 3.0% | 5.0% | 3.0% | 8.0% | 6.0% | 13.0% | ||
| Phoenix | 2.1% | 3.2% | 2.3% | 4.2% | 4.5% | 7.4% | 24.6% | 27.5% |
| Sacramento | 4.5% | 5.4% | 5.5% | 6.9% | 10.0% | 12.4% | 17.3% | 19.3% |
| Minneapolis | 2.5% | 3.0% | 10.9% | 12.4% | 13.4% | 15.4% | ||
| Mid-Atlantic | 4.4% | 4.7% | 13.6% | 14.0% | 18.0% | 18.8% | 18.3% | 18.2% |
| So. California* | 3.1% | 4.0% | 3.9% | 5.1% | 7.0% | 9.1% | 22.7% | 25.2% |
| Bay Area CA* | 2.2% | 2.8% | 2.5% | 2.9% | 4.7% | 5.7% | 24.0% | 24.3% |
| Riverside | 2.4% | 3.5% | 3.2% | 5.0% | 5.6% | 8.5% | 18.2% | 19.2% |
| San Bernardino | 2.4% | 4.1% | 3.2% | 5.2% | 5.6% | 9.3% | 20.7% | 21.8% |
| Florida SF | 2.7% | 3.9% | 12.0% | 21.0% | 14.7% | 25.0% | 32.0% | 38.8% |
| Florida C/TH | 1.6% | 2.5% | 9.5% | 15.3% | 11.1% | 17.8% | 62.0% | 66.2% |
| Miami MSA SF | 3.9% | 6.6% | 13.9% | 19.6% | 17.7% | 26.2% | 32.9% | 40.0% |
| Miami MSA C/TH | 1.9% | 3.0% | 12.6% | 19.1% | 14.5% | 22.1% | 64.2% | 69.6% |
| Spokane | 11.5% | 18.1% | ||||||
| Chicago (city) | 19.6% | 21.9% | ||||||
| Hampton Roads | 18.2% | 22.7% | ||||||
| Spokane | 11.5% | 18.1% | ||||||
| Northeast Florida | 19.9% | 30.9% | ||||||
| Spokane | 11.5% | 18.1% | ||||||
| Rhode Island | 14.0% | 17.3% | ||||||
| Toledo | 30.6% | 32.7% | ||||||
| Tucson | 25.8% | 32.0% | ||||||
| Knoxville | 22.1% | 22.9% | ||||||
| Peoria | 21.6% | 23.7% | ||||||
| Georgia*** | 21.0% | 23.2% | ||||||
| Omaha | 16.3% | 16.1% | ||||||
| Pensacola | 17.0% | 28.0% | 28.3% | 33.4% | ||||
| Richmond VA MSA | 9.8% | 11.9% | 17.3% | 18.0% | ||||
| Memphis**** | 15.0% | 15.3% | 32.3% | 37.6% | ||||
| Springfield IL** | 11.2% | 12.1% | 18.1% | N.A. | ||||
| *share of existing home sales, based on property records **Single Family Only ***GAMLS | ||||||||
lawlerupdated-table-of-distressed-sales-and-all-cash-sales-for-selected-cities-in-march
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