Lawler: Preliminary Table of Distressed Sales and Cash buyers for Selected Cities in February

Economist Tom Lawler sent me the preliminary table below of short sales, foreclosures and cash buyers for a few selected cities in February.

Thanks to Tom for sharing this with all of us!

On distressed: Total "distressed" share is down in most of these markets mostly due to a decline in short sales (Mid-Atlantic is up year-over-year because of an increase foreclosure as lenders work through the backlog).

Short sales are down in these areas.

The All Cash Share (last two columns) is declining year-over-year. As investors pull back, the share of all cash buyers will probably continue to decline.

	Short Sales Share		Foreclosure Sales Share		Total "Distressed" Share		All Cash Share
	Feb-15	Feb-14	Feb-15	Feb-14	Feb-15	Feb-14	Feb-15	Feb-14
Las Vegas	9.3%	14.0%	9.7%	12.0%	19.0%	26.0%	37.4%	46.8%
Reno**	7.0%	13.0%	7.0%	7.0%	14.0%	20.0%
Phoenix	4.4%	5.3%	5.8%	8.3%	10.1%	13.7%	29.9%	35.4%
Sacramento	6.3%	12.4%	8.6%	7.0%	14.9%	19.4%	19.8%	26.5%
Minneapolis	2.7%	5.0%	15.3%	25.3%	18.1%	30.3%
Mid-Atlantic	5.3%	7.7%	15.1%	10.9%	20.4%	18.6%	21.2%	21.4%
Orlando	5.3%	9.4%	27.0%	23.8%	32.3%	33.2%	42.2%	42.2%
Bay Area CA*	4.8%	6.3%	4.5%	5.0%	9.3%	11.3%	26.7%	28.4%
So. California*	6.1%	9.0%	6.1%	6.7%	12.2%	15.7%	28.0%	31.0%
Chicago (city)					29.9%	40.0%
Hampton Roads					22.6%	30.7%
Northeast Florida					37.6%	44.5%
Tucson							33.7%	37.0%
Des Moines							21.3%	23.3%
Georgia***							27.1%	35.3%
Omaha							19.6%	25.6%
Pensacola							36.7%	41.8%
Knoxville							23.9%	27.4%
Richmond VA			13.9%	22.2%			21.5%	22.2%
Springfield IL**			15.3%	18.3%			21.4%	N/A
*share of existing home sales, based on property records **Single Family Only ***GAMLS