distressed sales, july 2015

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%


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


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


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%


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%


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%


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%


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



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®



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%


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


REO & SHORT SALES


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 & SHORT SALES


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 & 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 BY COUNTY


Alameda 1% 1% 2%

Amador 2% 4% 13%

Butte 7% 7% 8%

Calaveras 2% 5% 7%


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%


Madera 8% 4% 6%


REO SALES BY COUNTY


Marin 3% 2% 1%Mariposa 6% 20% 17%


Monterey 2% 2% 3%Napa 5% 6% 6%




San Francisco 1% 3% 1%


REO SALES BY COUNTY






CALIFORNIA 4% 4% 4%


SHORT SALES BY COUNTY


Alameda 1% 1% 2%

Amador 2% 2% 3%

Butte 2% 2% 2%

Calaveras 1% 1% 3%


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%


Madera 3% 6% 0%




Marin 2% 2% 1%Mariposa 0% 0% 0%


Monterey 4% 6% 6%Napa 8% 7% 2%




San Francisco 0% 0% 1%








CALIFORNIA 3% 4% 5%


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


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


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)


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 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®


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


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)


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


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


DISTRESSED SALES


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


DISTRESSED SALES


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


distressed sales, july 2015

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