Distressed Sales - November 2015
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![Page 1: Distressed Sales - November 2015](https://reader034.fdocuments.in/reader034/viewer/2022051402/5695cfff1a28ab9b02907b95/html5/thumbnails/1.jpg)
DISTRESSED SALESPRESS RELEASE
December 22, 2015
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SHARE OF EQUITY SALES DOWN FROM SEP 15,BUT STILL NEAR THE HIGHEST LEVEL IN SIX YEARS
93.4%
2.9%3.3%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Jan‐09
Apr‐09
Jul‐0
9Oct‐09
Jan‐10
Apr‐10
Jul‐1
0Oct‐10
Jan‐11
Apr‐11
Jul‐1
1Oct‐11
Jan‐12
Apr‐12
Jul‐1
2Oct‐12
Jan‐13
Apr‐13
Jul‐1
3Oct‐13
Jan‐14
Apr‐14
Jul‐1
4Oct‐14
Jan‐15
Apr‐15
Jul‐1
5Oct‐15
Equity Sales Short Sale REO
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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OVER NINE OF TEN SALES WERE EQUITY SALES
REOs, 3.3%
Short Sales, 2.9%
Other Distressed Sales (Not Specified),
0.4%
Equity Sales, 93.4%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
California: November 2015
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SHARE OF EQUITY SALES HAS REMAINED ABOVE 90% SINCE THE MID OF 2014
93%
3% 3%
94%
3% 3%
91%
4% 4%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
Equity Sales Short Sales REO Sales
Nov‐15 Oct‐15 Nov‐14
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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Type of Sale Nov‐15 Oct‐15 Nov‐14
Equity Sales 93.4% 93.7% 90.9%
Total Distressed Sales 6.6% 6.3% 9.1%
REOs 3.3% 3.3% 4.2%
Short Sales 2.9% 2.7% 4.5%
Other Distressed Sales (Not Specified) 0.4% 0.3% 0.4%
All Sales 100.0% 100.0% 100.0%
SHARE OF DISTRESSED SALES NEAR THE LOWEST LEVEL SINCE LATE 2007
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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DISTRESSED SALES
Percent of Total Sales, Bay Area: November 2015
3% 3%
1%
3%
1% 1%1%
7%
3%
0%
1%
2%
3%
4%
5%
6%
7%
8%
Alameda ContraCosta
Marin Napa SanFrancisco
San MateoSanta Clara Solano Sonoma
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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DISTRESSED SALES
Percent of Total Sales, Southern California: November 2015
8%
5%
8%
10%
4%
0%
2%
4%
6%
8%
10%
12%
Los Angeles Orange Riverside San Bernardino San Diego
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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DISTRESSED SALES
Percent of Total Sales, Central Valley: November 2015
9%
22%
7%
10%
4%
9%
6%
9% 9%10%
0%
5%
10%
15%
20%
25%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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DISTRESSED SALES
Percent of Total Sales, Rest of California: November 2015
0%
11% 10%9%
28%
11%
5%
0%
11%
3%
10%
3%2%
10%
14%
5%
23%
3%
10%
0%
5%
10%
15%
20%
25%
30%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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County Nov‐15 Oct‐15 Nov‐14
Alameda 3% 3% 4%
Amador 0% 6% 7%
Butte 11% 5% 13%
Calaveras 10% 8% 19%
Contra Costa 3% 3% 3%
El Dorado 9% 5% 7%
Fresno 9% 12% 16%
Glenn 28% 6% 29%
Humboldt 11% 11% 12%
Kern NA 10% 10%
Kings 22% 7% 18%
Lake 5% 7% 19%
Los Angeles 8% 7% 9%
Madera 7% 19% 14%Marin 1% 3% 2%
SHARE OF DISTRESSED SALES BY COUNTY
Percent of Total Sales: 1 of 3
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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SHARE OF DISTRESSED SALES BY COUNTY
Percent of Total Sales: 2 of 3
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
County Nov‐15 Oct‐15 Nov‐14
Mariposa 0% 0% 10%
Mendocino 11% 10% 13%
Merced 10% 11% 17%
Monterey 3% 6% 9%
Napa 3% 3% 7%
Orange 5% 4% 5%
Placer 4% 6% 8%
Plumas 10% 3% 13%
Riverside 8% 10% 13%
Sacramento 9% 7% 12%
San Benito 6% 6% 3%
San Bernardino 10% 10% 16%
San Diego 4% 4% 6%
San Francisco 1% 0% 1%San Joaquin 9% 7% 11%
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SHARE OF DISTRESSED SALES BY COUNTY
Percent of Total Sales: 3 of 3
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
County Nov‐15 Oct‐15 Nov‐14
San Luis Obispo 3% 3% 6%
San Mateo 1% 1% 1%
Santa Clara 1% 2% 2%
Santa Cruz 2% 1% 6%
Shasta 10% 11% 19%
Siskiyou 14% 16% 24%
Solano 7% 7% 9%
Sonoma 3% 3% 5%
Stanislaus 9% 7% 10%
Sutter 5% 4% 21%
Tehama 23% 8% 24%
Tulare 10% 12% 17%
Yolo 3% 5% 8%Yuba 10% 12% 16%
California 7% 6% 9%
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REO & SHORT SALES
Percent of Total Sales, Bay Area: November 2015
2%
0%1%
3%
1% 1% 1%
4%
1%
1%
3%
0%
0%
1% 0% 1%
3%
2%
0%
1%
2%
3%
4%
5%
6%
7%
8%
Alameda ContraCosta
Marin Napa SanFrancisco
San MateoSanta Clara Solano Sonoma
REO Sales Short Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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REO & SHORT SALES
Percent of Total Sales, Southern California: November 2015
3%2%
5%5%
1%
4%
2%
3%
5%
3%
0%
2%
4%
6%
8%
10%
12%
Los Angeles Orange Riverside San Bernardino San Diego
REO Sales Short Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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REO & SHORT SALES
Percent of Total Sales, Central Valley: November 2015
6%
14%
7%4% 3% 4% 3% 5% 6% 8%
3%
8%
0%6%
1%
4%3%
3% 2%3%
0%
5%
10%
15%
20%
25% REO Sales Short Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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REO & SHORT SALES
Percent of Total Sales, Rest of California: November 2015
0%
9% 10%
4%
17%
9%5%
0%2% 1% 2%
8%11%
0%
9%
3%
16%
1%
8%
0%
2% 0%
3%
6%
2%
0%
0%
2%1% 0%
2%0%
2%
3%
2%
0%
2%
2%
0%
5%
10%
15%
20%
25%REO Sales Short Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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REO SALES BY COUNTY
Percent of Total Sales: 1 of 3County Nov‐15 Oct‐15 Nov‐14
Alameda 2% 2% 1%
Amador 0% 6% 7%
Butte 9% 4% 11%
Calaveras 10% 6% 16%
Contra Costa 0% 1% 1%
El Dorado 4% 3% 4%
Fresno 6% 8% 9%
Glenn 17% 6% 29%
Humboldt 9% 7% 10%
Kern NA 7% 5%
Kings 14% 5% 7%
Lake 5% 6% 16%
Los Angeles 3% 3% 2%
Madera 7% 19% 14%Marin 1% 2% 1%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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REO SALES BY COUNTY
Percent of Total Sales: 2 of 3
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
County Nov‐15 Oct‐15 Nov‐14
Mariposa 0% 0% 0%
Mendocino 9% 8% 11%
Merced 4% 7% 9%
Monterey 2% 3% 3%
Napa 3% 0% 6%
Orange 2% 1% 1%
Placer 3% 2% 3%
Plumas 10% 3% 9%
Riverside 5% 5% 6%
Sacramento 4% 3% 5%
San Benito 3% 4% 0%
San Bernardino 5% 6% 10%
San Diego 1% 1% 2%
San Francisco 1% 0% 1%San Joaquin 5% 4% 5%
![Page 19: Distressed Sales - November 2015](https://reader034.fdocuments.in/reader034/viewer/2022051402/5695cfff1a28ab9b02907b95/html5/thumbnails/19.jpg)
REO SALES BY COUNTY
Percent of Total Sales: 3 of 3
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
County Nov‐15 Oct‐15 Nov‐14
San Luis Obispo 1% 2% 4%
San Mateo 1% 1% 1%
Santa Clara 1% 1% 1%
Santa Cruz 2% 1% 3%
Shasta 8% 10% 13%
Siskiyou 11% 16% 24%
Solano 4% 3% 4%
Sonoma 1% 3% 3%
Stanislaus 6% 4% 6%
Sutter 3% 3% 13%
Tehama 16% 8% 14%
Tulare 8% 9% 12%
Yolo 1% 1% 3%Yuba 8% 9% 5%
California 3% 3% 4%
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SHORT SALES BY COUNTY
Percent of Total Sales: 1 of 3County Nov‐15 Oct‐15 Nov‐14
Alameda 1% 2% 3%
Amador 0% 0% 0%
Butte 2% 1% 2%
Calaveras 0% 2% 3%
Contra Costa 3% 2% 2%
El Dorado 3% 1% 3%
Fresno 3% 4% 7%
Glenn 6% 0% 0%
Humboldt 2% 4% 2%
Kern NA 3% 5%
Kings 8% 2% 11%
Lake 0% 1% 3%
Los Angeles 4% 4% 6%
Madera 0% 0% 0%Marin 0% 0% 1%
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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SHORT SALES BY COUNTY
Percent of Total Sales: 2 of 3
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
County Nov‐15 Oct‐15 Nov‐14
Mariposa 0% 0% 10%
Mendocino 2% 2% 3%
Merced 6% 5% 8%
Monterey 1% 3% 6%
Napa 0% 3% 1%
Orange 2% 2% 3%
Placer 1% 4% 3%
Plumas 0% 0% 3%
Riverside 3% 4% 6%
Sacramento 4% 4% 6%
San Benito 3% 2% 3%
San Bernardino 5% 3% 6%
San Diego 3% 2% 3%
San Francisco 1% 0% 0%San Joaquin 3% 3% 6%
![Page 22: Distressed Sales - November 2015](https://reader034.fdocuments.in/reader034/viewer/2022051402/5695cfff1a28ab9b02907b95/html5/thumbnails/22.jpg)
SHORT SALES BY COUNTY
Percent of Total Sales: 3 of 3
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
County Nov‐15 Oct‐15 Nov‐14
San Luis Obispo 2% 1% 2%
San Mateo 0% 0% 1%
Santa Clara 1% 1% 1%
Santa Cruz 0% 1% 3%
Shasta 2% 0% 6%
Siskiyou 3% 0% 0%
Solano 3% 4% 4%
Sonoma 2% 0% 3%
Stanislaus 2% 3% 5%
Sutter 2% 1% 8%
Tehama 0% 0% 3%
Tulare 3% 2% 5%
Yolo 2% 3% 3%Yuba 2% 3% 11%
California 3% 3% 5%
![Page 23: Distressed Sales - November 2015](https://reader034.fdocuments.in/reader034/viewer/2022051402/5695cfff1a28ab9b02907b95/html5/thumbnails/23.jpg)
MEDIAN PRICE OF EQUITY SALES IN NOVEMBER HIGHEST SINCE JULY 2015
$0
$50,000
$100,000
$150,000
$200,000
$250,000
$300,000
$350,000
$400,000
$450,000
$500,000Jan‐09
Apr‐09
Jul‐0
9Oct‐09
Jan‐10
Apr‐10
Jul‐1
0Oct‐10
Jan‐11
Apr‐11
Jul‐1
1Oct‐11
Jan‐12
Apr‐12
Jul‐1
2Oct‐12
Jan‐13
Apr‐13
Jul‐1
3Oct‐13
Jan‐14
Apr‐14
Jul‐1
4Oct‐14
Jan‐15
Apr‐15
Jul‐1
5Oct‐15
Equity Sales Short Sale REO
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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MEDIAN PRICE OF EQUITY SALES INCREASED FROM LAST YEAR
‐20%
‐15%
‐10%
‐5%
0%
5%
10%
15%
20%
25%
30%
Jan‐10
Apr‐10
Jul‐1
0
Oct‐10
Jan‐11
Apr‐11
Jul‐1
1
Oct‐11
Jan‐12
Apr‐12
Jul‐1
2
Oct‐12
Jan‐13
Apr‐13
Jul‐1
3
Oct‐13
Jan‐14
Apr‐14
Jul‐1
4
Oct‐14
Jan‐15
Apr‐15
Jul‐1
5
Oct‐15
Equity Sales Short Sale REO
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
yty% chg. in Price
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UNSOLD INVENTORY INDEX
0
1
2
3
4
5
6
Equity Sales Short Sales REO Sales
4.2
7.0
3.4
SERIES: Distressed Unsold Inventory Index, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
UNSOLD INVENTORY INDEX (MONTHS)
California: November 2015
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ACTIVE LISTINGS REMAINED AT LOW LEVELS
0
1
2
3
4
5
Equity Sales Short Sales REO Sales
3.03.1
2.3
SERIES: Distressed Unsold Inventory Index, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
UNSOLD INVENTORY INDEX (MONTHS)
California: November 2015
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0.0
1.0
2.0
3.0
4.0
5.0
6.0
7.0
8.0
9.0
Aug‐11
Oct‐11
Dec‐11
Feb‐12
Apr‐12
Jun‐12
Aug‐12
Oct‐12
Dec‐12
Feb‐13
Apr‐13
Jun‐13
Aug‐13
Oct‐13
Dec‐13
Feb‐14
Apr‐14
Jun‐14
Aug‐14
Oct‐14
Dec‐14
Feb‐15
Apr‐15
Jun‐15
Aug‐15
Oct‐15
Equity Sales Short Sales REO
UNSOLD INVENTORY INDEX UP FOR ALL SALES TYPES
SERIES: Distressed Months Supply of Inventory, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
UNSOLD INVENTORY INDEX (MONTHS)
7.0
4.2
3.4
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EQUITY SALES INCREASED MODERATELY FROM LAST YEAR
Raw# of Equity Sales, REO, & Short‐Sales
0
5,000
10,000
15,000
20,000
25,000
Jan‐09
Apr‐09
Jul‐0
9
Oct‐09
Jan‐10
Apr‐10
Jul‐1
0
Oct‐10
Jan‐11
Apr‐11
Jul‐1
1
Oct‐11
Jan‐12
Apr‐12
Jul‐1
2
Oct‐12
Jan‐13
Apr‐13
Jul‐1
3
Oct‐13
Jan‐14
Apr‐14
Jul‐1
4
Oct‐14
Jan‐15
Apr‐15
Jul‐1
5
Oct‐15
Equity Sales Short Sale REO
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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‐35%
‐30%
‐25%
‐20%
‐15%
‐10%
‐5%
0%
5%
10%
Equity Sales Short Sales REO Sales
8%
‐32%
‐16%
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®
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DISTRESSED SALES CONTINUED TO DECLINE, ESPECIALLY FOR SHORT SALES
‐80%
‐60%
‐40%
‐20%
0%
20%
40%
60% Equity Sales Short Sales REO Sales
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
yty% chg in sales
7.8%
‐31.8%
‐15.6%
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DISTRESSED SALES
Percent of Total Sales: November 2015
0%
20%
40%
60%
80%
100%
Nov‐15 Jan‐09
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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DISTRESSED SALES
Percent of Total Sales, S.F. Bay Area: November 2015
0%
10%
20%
30%
40%
50%
60%
70%
80%
CA Alameda Contra Costa San Francisco San Mateo Santa Clara
6.6%3.3% 3.2% 1.1% 1.0% 1.4%
69.1%75.7%
68.5%
34.5%
48.2%
68.0%
Nov‐15 Jan‐09
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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DISTRESSED SALES
Percent of Total Sales, Southern California: November 2015
0%
20%
40%
60%
80%
100%
CA Los Angeles Orange Riverside San Bernardino
6.6% 7.7% 5.1% 8.1% 9.9%
69.1%63.2% 60.2%
80.1% 82.8%
Nov‐15 Jan‐09
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®
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DISTRESSED SALES
Percent of Total Sales, Central Valley: November 2015
0%
20%
40%
60%
80%
100%
6.6% 9.2%4.2% 8.6% 6.3% 8.9% 8.8% 10.4%
69.1%
84.2%
68.4%
85.6% 89.5% 93.0% 93.6%
45.8%
Nov‐15 Jan‐09
SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS®