distressed sales, july 2015
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DISTRESSED SALESPRESS RELEASE
August 24, 2015
SHARE OF EQUITY SALES REACHED THE HIGHEST LEVEL IN THE LAST SIX YEARS
Jan-
09
Jul-0
9
Jan-
10
Jul-1
0
Jan-
11
Jul-1
1
Jan-
12
Jul-1
2
Jan-
13
Jul-1
3
Jan-
14
Jul-1
4
Jan-
15
Jul-1
50%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
93.0%
3.5%
Equity Sales Short Sale REO
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
3.1%
OVER NINE OF TEN SALES WERE EQUITY SALES
REOs; 3.5%
Short Sales; 3.1%
Other Distressed Sales (Not Speci-
fied); 0.3%
Equity Sales; 93.0%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
California: July 2015
SHARE OF EQUITY SALES HAS REMAINED NEAR 90% SINCE THE MID OF 2014
Equity Sales Short Sales REO Sales0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%93%
3% 4%
92%
4% 4%
90%
5% 4%
Jul-15 Jun-15 Jul-14
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Type of Sale Jul-15 Jun-15 Jul-14
Equity Sales 93.0% 92.4% 90.2%
Total Distressed Sales 7.0% 7.6% 9.8%
REOs 3.5% 3.6% 4.2%
Short Sales 3.1% 3.6% 5.3%
Other Distressed Sales (Not Specified) 0.3% 0.4% 0.3%
All Sales 100.0% 100.0% 100.0%
SHARE OF DISTRESSED SALES DIPPED TO THE LOWEST LEVEL SINCE LATE 2007
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
DISTRESSED SALES
Percent of Total Sales, Bay Area: July 2015
Alam
eda
Contra
Cos
ta
Mar
inNap
a
San
Fran
cisco
San
Mat
eo
Sant
a Cla
ra
Sola
no
Sono
ma
0%
5%
10%
15%
20%
25%
30%
2% 3%5%
14%
1% 2% 3%
24%
8%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
DISTRESSED SALES
Percent of Total Sales, Southern California: July 2015
Los Angeles Orange Riverside San Bernardino
San Diego0%
2%
4%
6%
8%
10%
12%
7%
4%
9%
11%
4%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
DISTRESSED SALES
Percent of Total Sales, Central Valley: July 2015
Fres
noKe
rn
King
s
Mad
era
Mer
ced
Plac
er
Sacr
amen
to
San
Benito
San
Joaq
uin
Stan
islau
s
Tula
re0%
2%
4%
6%
8%
10%
12%
14%
16%
11%
7%
13%
10%
12%
4%
9% 8%9%
11%
13%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
DISTRESSED SALES
Percent of Total Sales, Rest of California: July 2015
Amad
or
Butte
Calav
eras
El D
orad
o
Glenn
Humbo
ldt
Lake
Mar
ipos
a
Men
docin
o
Mon
tere
y
Plum
as
San
Luis
Obisp
o
Sant
a Cru
z
Shas
ta
Sisk
iyou
Sutte
rYo
loYu
ba0%
5%
10%
15%
20%
4%
9%
3%
9%
15%
12%
10%
12%
18%
6%
11%
5%4%
7%
17%
6%8%
13%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
County Jul-15 Jun-15 Jul-14
Alameda 2% 1% 4%
Amador 4% 8% 15%
Butte 9% 9% 11%
Calaveras 3% 6% 10%
Contra Costa 3% 3% 5%
El Dorado 9% 8% 9%
Fresno 11% 10% 17%
Glenn 15% 27% 25%
Humboldt 12% 16% 9%
Kern 7% 9% 12%
Kings 13% 11% 19%
Lake 10% 18% 20%
Los Angeles 7% 8% 9%
Madera 10% 9% 7%
SHARE OF DISTRESSED SALES BY COUNTY
Percent of Total Sales: 1 of 3
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
SHARE OF DISTRESSED SALES BY COUNTY
Percent of Total Sales: 2 of 3County Jul-15 Jun-15 Jul-14
Marin 5% 4% 2%Mariposa 12% 20% 17%
Mendocino 18% 20% 14%Merced 12% 8% 9%
Monterey 6% 8% 9%Napa 14% 12% 9%
Orange 4% 4% 5%Placer 4% 5% 6%Plumas 11% 18% 5%Riverside 9% 10% 13%
Sacramento 9% 11% 12%San Benito 8% 8% 15%
San Bernardino 11% 12% 16%San Diego 4% 4% 6%
San Francisco 1% 3% 2%SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
SHARE OF DISTRESSED SALES BY COUNTY
Percent of Total Sales: 3 of 3County Jul-15 Jun-15 Jul-14
San Joaquin 9% 12% 14%San Luis Obispo 5% 4% 5%
San Mateo 2% 2% 2%Santa Clara 3% 1% 3%Santa Cruz 4% 4% 7%
Shasta 7% 8% 18%Siskiyou 17% 23% 11%Solano 24% 21% 10%Sonoma 8% 9% 5%
Stanislaus 11% 11% 14%Sutter 6% 12% 14%Tulare 13% 14% 18%Yolo 8% 5% 14%Yuba 13% 18% 24%
CALIFORNIA 7% 8% 10%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
REO & SHORT SALES
Percent of Total Sales, Bay Area: July 2015
Alam
eda
Contra
Cos
ta
Mar
inNap
a
San
Fran
cisco
San
Mat
eo
Sant
a Cla
ra
Sola
no
Sono
ma
0%
5%
10%
15%
20%
25%
30%
1% 2% 3% 5%1% 0% 2%
13%
3%1% 1%2%
8%
0% 1%1%
11%
5%
REO Sales Short Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
REO & SHORT SALES
Percent of Total Sales, Southern California: July 2015
Los Angeles Orange Riverside San Bernardino
San Diego0%
2%
4%
6%
8%
10%
12%
3%1%
4%
7%
1%
4%
3%
4%
4%
2%
REO Sales Short Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
REO & SHORT SALES
Percent of Total Sales, Central Valley: July 2015
Fres
noKe
rn
King
s
Mad
era
Mer
ced
Plac
er
Sacr
amen
to
San
Benito
San
Joaq
uin
Stan
islau
s
Tula
re0%
2%
4%
6%
8%
10%
12%
14%
16%
8%
4%
8% 8%6%
1%
4% 5% 5% 5%
10%
4%
3%
4%3%
6%
2%
4%3%
4%5%
4%
REO Sales Short Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
REO & SHORT SALES
Percent of Total Sales, Rest of California: July 2015
Amad
or
Butte
Calav
eras
El D
orad
o
Glenn
Humbo
ldt
Lake
Mar
ipos
a
Men
docin
o
Mon
tere
y
Plum
as
San
Luis
Ob...
Sant
a Cru
z
Shas
ta
Sisk
iyou
Sutte
rYo
loYu
ba0%
5%
10%
15%
20%
25%
30%
4%7%
2%6%
13%9%
14%
20%18%
2%
11%
2% 1%5%
23%
10%
1%
12%2%
2%
1%
2%
13%
7%
5%
0% 1%
6%
0%
1% 3%
3%
0%
2%
3%
6%
REO Sales Short Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
REO SALES BY COUNTY
Percent of Total Sales: 1 of 3County Jul-15 Jun-15 Jul-14
Alameda 1% 1% 2%
Amador 2% 4% 13%
Butte 7% 7% 8%
Calaveras 2% 5% 7%
Contra Costa 2% 2% 3%
El Dorado 4% 6% 4%
Fresno 8% 6% 9%
Glenn 10% 13% 19%
Humboldt 11% 9% 6%
Kern 4% 6% 7%
Kings 8% 6% 16%
Lake 8% 14% 14%
Los Angeles 3% 2% 2%
Madera 8% 4% 6%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
REO SALES BY COUNTY
Percent of Total Sales: 2 of 3County Jul-15 Jun-15 Jul-14
Marin 3% 2% 1%Mariposa 6% 20% 17%
Mendocino 11% 18% 12%Merced 6% 2% 4%
Monterey 2% 2% 3%Napa 5% 6% 6%
Orange 1% 1% 1%Placer 1% 2% 3%Plumas 11% 11% 5%Riverside 4% 5% 6%
Sacramento 4% 5% 6%San Benito 5% 4% 9%
San Bernardino 7% 7% 9%San Diego 1% 2% 2%
San Francisco 1% 3% 1%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
REO SALES BY COUNTY
Percent of Total Sales: 3 of 3County Jul-15 Jun-15 Jul-14
San Joaquin 5% 6% 7%San Luis Obispo 2% 2% 2%
San Mateo 0% 1% 1%Santa Clara 2% 0% 0%Santa Cruz 4% 1% 2%
Shasta 6% 5% 14%Siskiyou 17% 23% 11%Solano 13% 9% 4%Sonoma 3% 4% 1%
Stanislaus 5% 6% 8%Sutter 6% 10% 9%Tulare 10% 10% 10%Yolo 4% 1% 7%Yuba 8% 12% 14%
CALIFORNIA 4% 4% 4%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
SHORT SALES BY COUNTY
Percent of Total Sales: 1 of 3County Jul-15 Jun-15 Jul-14
Alameda 1% 1% 2%
Amador 2% 2% 3%
Butte 2% 2% 2%
Calaveras 1% 1% 3%
Contra Costa 1% 1% 2%
El Dorado 5% 2% 5%
Fresno 4% 4% 7%
Glenn 5% 13% 6%
Humboldt 2% 7% 3%
Kern 3% 3% 5%
Kings 4% 5% 3%
Lake 1% 5% 5%
Los Angeles 4% 4% 7%
Madera 3% 6% 0%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
SHORT SALES BY COUNTY
Percent of Total Sales: 2 of 3County Jul-15 Jun-15 Jul-14
Marin 2% 2% 1%Mariposa 0% 0% 0%
Mendocino 7% 1% 2%Merced 6% 6% 4%
Monterey 4% 6% 6%Napa 8% 7% 2%
Orange 3% 3% 4%Placer 2% 4% 4%Plumas 0% 8% 0%Riverside 4% 5% 7%
Sacramento 4% 6% 6%San Benito 3% 4% 6%
San Bernardino 4% 4% 6%San Diego 2% 2% 4%
San Francisco 0% 0% 1%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
SHORT SALES BY COUNTY
Percent of Total Sales: 3 of 3County Jul-15 Jun-15 Jul-14
San Joaquin 4% 5% 7%San Luis Obispo 3% 1% 3%
San Mateo 1% 0% 1%Santa Clara 1% 1% 2%Santa Cruz 1% 3% 5%
Shasta 1% 3% 4%Siskiyou 0% 0% 0%Solano 11% 11% 7%Sonoma 5% 5% 3%
Stanislaus 5% 4% 5%Sutter 0% 2% 4%Tulare 4% 4% 8%Yolo 3% 3% 5%Yuba 5% 6% 10%
CALIFORNIA 3% 4% 5%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
MEDIAN PRICE OF EQUITY SALES IN JULY DIPPED FROM JUNE
Jan-
09
Jul-0
9
Jan-
10
Jul-1
0
Jan-
11
Jul-1
1
Jan-
12
Jul-1
2
Jan-
13
Jul-1
3
Jan-
14
Jul-1
4
Jan-
15
Jul-1
5$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000 Equity Sales Short Sale REO
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
THE MEDIAN PRICE OF EQUITY SALES ONLY INCHED UP SLIGHTLY FROM JULY
2014
Jan-
10
Apr-1
0
Jul-1
0
Oct-1
0
Jan-
11
Apr-1
1
Jul-1
1
Oct-1
1
Jan-
12
Apr-1
2
Jul-1
2
Oct-1
2
Jan-
13
Apr-1
3
Jul-1
3
Oct-1
3
Jan-
14
Apr-1
4
Jul-1
4
Oct-1
4
Jan-
15
Apr-1
5
Jul-1
5-20%
-15%
-10%
-5%
0%
5%
10%
15%
20%
25%
30% Equity Sales Short Sale REO
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
yty% chg. in Price
UNSOLD INVENTORY INDEX
Equity Sales Short Sales REO Sales0
1
2
3
4
5
6
3.4
4.9
2.2
SERIES: Distressed Unsold Inventory Index, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
UNSOLD INVENTORY INDEX (MONTHS)
California: July 2015
ACTIVE LISTINGS REMAINED AT LOW LEVELS
Equity Sales Short Sales REO Sales0
1
2
3
4
5
2.4 2.2
1.5
SERIES: Distressed Unsold Inventory Index, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
UNSOLD INVENTORY INDEX (MONTHS)
California: July 2015
UNSOLD INVENTORY FOR EQUITY SALES REMAINED NEAR THE LOWEST LEVEL IN LAST
18 MONTHS
Aug-1
1
Oct-1
1
Dec-1
1
Feb-
12
Apr-1
2
Jun-
12
Aug-1
2
Oct-1
2
Dec-1
2
Feb-
13
Apr-1
3
Jun-
13
Aug-1
3
Oct-1
3
Dec-1
3
Feb-
14
Apr-1
4
Jun-
14
Aug-1
4
Oct-1
4
Dec-1
4
Feb-
15
Apr-1
5
Jun-
150.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
3.4
4.9
2.2
Equity Sales Short Sales REO
SERIES: Distressed Months Supply of Inventory, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
UNSOLD INVENTORY INDEX (MONTHS)
EQUITY SALES INCREASED BY DOUBLE-DIGITS FROM LAST YEAR
Raw# of Equity Sales, REO, & Short-Sales
Jan-
09
Jul-0
9
Jan-
10
Jul-1
0
Jan-
11
Jul-1
1
Jan-
12
Jul-1
2
Jan-
13
Jul-1
3
Jan-
14
Jul-1
4
Jan-
15
Jul-1
50
5,000
10,000
15,000
20,000
25,000 Equity Sales Short Sale REO
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
Equity Sales Short Sales REO Sales-30%
-20%
-10%
0%
10%
20%
30%24%
-29%
2%
DISTRESSED SALES CONTINUED TO DECLINE, ESPECIALLY FOR SHORT SALES
(% Change in Sales – Year to Year)
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
DISTRESSED SALES CONTINUED TO DECLINE, ESPECIALLY FOR SHORT SALES
-80%
-60%
-40%
-20%
0%
20%
40%
60%
24.0%
-28.7%
1.5%
Equity Sales Short Sales REO Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
yty% chg in sales
DISTRESSED SALES
Percent of Total Sales: July 2015
CA
El D
orad
o
Fres
no
Los Ang
eles
Mon
tere
y
Orang
e
Plac
er
River
side
Sacr
amen
to
San
Benito
San
Berna
rdin
o
San
Joaq
uin
San
Luis
Obisp
o
San
Mat
eo
Sant
a Cla
ra
Sant
a Cru
z
Stan
islau
s
Tula
reYo
lo
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100% Jul-15 Jan-09
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
DISTRESSED SALES
Percent of Total Sales, Southern California: July 2015
CA Los Angeles Orange Riverside San Bernardino
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
7.0% 6.8%4.1%
8.7% 10.7%
69.5%
62.4%60.3%
79.4% 81.9%Jul-15 Jan-09
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
DISTRESSED SALES
Percent of Total Sales, Central Valley: July 2015
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
7.0%11.5%
4.0%8.8% 8.5% 9.1% 10.5% 13.5%
69.5%
84.2%
68.1%
85.6%89.5%
93.0% 93.6%
45.8%
Jul-15 Jan-09
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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