Distressed Sales, May 2015

DISTRESSEDSALESPRESS RELEASE

June 22, 2015

SHARE OF EQUITY SALES HAS REMAINED NEAR 90%SINCE THE MID OF 2014

92.6%

3.4%3.6%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

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

Equity Sales Short Sale REO

SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

OVER NINE OF TEN SALES WERE EQUITY SALES

REOs, 3.6%

Short Sales,3.4%

OtherDistressed Sales(Not Specified),

0.4%

Equity Sales,92.6%


California: May 2015

SHARE OF EQUITY SALES HAS REMAINED NEAR 90%SINCE THE MID OF 2014

4% 3%

93%

4% 4%

92%

5% 6%

89%

0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%

REOs Short Sales Equity Sales

May-15 Apr-15 May-14


Type of Sale May-15 Apr-15 May-14

Equity Sales 92.6% 91.8% 88.8%

Total Distressed Sales 7.4% 8.2% 11.2%

REOs 3.6% 4.1% 4.8%

Short Sales 3.4% 3.8% 5.9%

Other Distressed Sales (Not Specified) 0.4% 0.4% 0.5%

All Sales 100.0% 100.0% 100.0%

SHARE OF DISTRESSED SALES DIPPED TOTHE LOWEST LEVEL SINCE LATE 2007


DISTRESSED SALES

Percent of Total Sales, Bay Area: May 2015

3%

2%2%

4%

3%

1%1%

9%

3%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

Alameda ContraCosta

Marin Napa SanFrancisco

San Mateo SantaClara

Solano Sonoma


DISTRESSED SALES

Percent of Total Sales, Southern California: May 2015

7%

4%

10%10%

5%

0%

2%

4%

6%

8%

10%

12%

Los Angeles Orange Riverside San Bernardino San Diego


DISTRESSED SALES

Percent of Total Sales, Central Valley: May 2015

11%

8%

13%

5%

16%

6%

10%

6%

10%

8%

14%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%


DISTRESSED SALES

Percent of Total Sales, Rest of California: May 2015

9%

5%

10%

5%

0%

14% 15%

18%

16%

7%

16%

6%

4%

13%

17%

13%

2%

16%

0%

5%

10%

15%

20%


County May-15 Apr-15 May-14

Alameda 3% 3% 2%Amador 9% 16% 15%

Butte 5% 14% 16%Calaveras 10% 15% 13%

Contra Costa 2% 3% 6%El Dorado 5% 9% 12%

Fresno 11% 12% 17%Glenn 0% 5% 18%

Humboldt 14% 7% 12%Kern 8% 8% 12%Kings 13% 24% 31%Lake 15% 16% 25%

Los Angeles 7% 8% 11%Madera 5% 14% 20%

SHARE OF DISTRESSED SALES BY COUNTY

Percent of Total Sales: 1 of 3



Percent of Total Sales: 2 of 3County May-15 Apr-15 May-14

Marin 2% 3% 3%Mariposa 18% 11% 27%

Mendocino 16% 7% 22%Merced 16% 8% 12%

Monterey 7% 5% 12%Napa 4% 6% 8%

Orange 4% 6% 6%Placer 6% 8% 10%

Plumas 16% 24% 37%Riverside 10% 11% 14%

Sacramento 10% 12% 15%San Benito 6% 12% 13%

San Bernardino 10% 11% 18%San Diego 5% 6% 6%

San Francisco 3% 2% 3%SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS



San Joaquin 10% 13% 17%San Luis Obispo 6% 6% 5%

San Mateo 1% 1% 3%Santa Clara 1% 3% 3%Santa Cruz 4% 2% 6%

Shasta 13% 12% 15%Siskiyou 17% 13% 19%Solano 9% 9% 16%

Sonoma 3% 5% 6%Stanislaus 8% 11% 14%

Sutter 13% 11% 17%Tulare 14% 16% 21%Yolo 2% 7% 12%Yuba 16% 11% 23%

California 7% 8% 11%


REO & SHORT SALES

Percent of Total Sales, Bay Area: May 2015

1% 1% 1%

4%

2%

1% 1%

5%

2%

2%0% 1%

1%

1%

1% 1%

4%

1%

0%

1%

2%

3%

4%

5%

6%

7%

8%

9%

10%

Alameda ContraCosta

Marin Napa SanFrancisco

San Mateo SantaClara

Solano Sonoma

REO Sales Short Sales


REO & SHORT SALES


3%1%

5% 5%

1%

4%

3%

4% 4%

3%

0%

2%

4%

6%

8%

10%

12%

Los Angeles Orange Riverside San Bernardino San Diego

REO Sales Short Sales


REO & SHORT SALES


6%5%

7%4%

8%

3%5%

2%5% 5%

10%

5%

3%

7%

0%

8%

2%

4%

4%

5% 3%

5%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18% REO Sales Short Sales


REO & SHORT SALES

Percent of Total Sales, Rest of California: May 2015

9%

4%6%

4%0%

11%13%

18%

9%

3%

16%

3% 2%

12%14%

11%

1%

10%

0%

2%

4%

1%

0%

3%1%

0%

7%

4%

0%

2%2%

1%

3%

1%

2%

5%

0%

2%

4%

6%

8%

10%

12%

14%

16%

18%

20%REO Sales Short Sales


REO SALES BY COUNTY


Alameda 1% 2% 0%Amador 9% 13% 9%

Butte 4% 8% 13%Calaveras 6% 11% 13%


Fresno 6% 8% 10%Glenn 0% 0% 18%




REO SALES BY COUNTY


Marin 1% 2% 2%Mariposa 18% 5% 27%


Monterey 3% 2% 3%Napa 4% 3% 4%

Orange 1% 2% 1%Placer 3% 4% 4%




San Francisco 2% 2% 1%


REO SALES BY COUNTY







California 4% 4% 5%SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

SHORT SALES BY COUNTY


Alameda 2% 1% 2%Amador 0% 0% 7%

Butte 2% 6% 3%Calaveras 4% 4% 0%


Fresno 5% 4% 8%Glenn 0% 5% 0%






Marin 1% 1% 1%Mariposa 0% 5% 0%


Monterey 4% 3% 8%Napa 1% 2% 4%

Orange 3% 3% 4%Placer 2% 4% 6%




San Francisco 1% 0% 1%









California 3% 4% 6%SERIES: Distressed Sales, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

MEDIAN PRICE OF EQUITY SALES IN MAYDIPPED SLIGHTLY FROM APRIL

$0

$50,000

$100,000

$150,000

$200,000

$250,000

$300,000

$350,000

$400,000

$450,000

$500,000Ja

n-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



THE MEDIAN PRICE OF EQUITY SALES DROPPEDFOR THE FIRST TIME SINCE JUNE 2014

SIGNIFICANTLY SINCE EARLY 2014

-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



yty% chg. in Price

UNSOLD INVENTORY INDEX

0

1

2

3

4

5

6

Equity Sales Short Sales REO Sales

3.5

5.2

2.6

SERIES: Distressed Unsold Inventory Index, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS

UNSOLD INVENTORY INDEX (MONTHS)


ACTIVE LISTINGS REMAINED AT LOW LEVELS

0

1

2

3

4

5


2.42.0

1.5

SERIES: Distressed Unsold Inventory Index, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS



UNSOLD INVENTORY STABILIZED AFTERFALLING FOR 3 CONSECUTIVE MONTHS

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

Equity Sales Short Sales REO

SERIES: Distressed Months Supply of Inventory, Not Seasonally AdjustedSOURCE: CALIFORNIA ASSOCIATION OF REALTORS


EQUITY SALES INCREASED BYDOUBLE-DIGITS FROM LASTYEAR

Raw# of Equity Sales, REO, & Short-Sales

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

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



-40%

-30%

-20%

-10%

0%

10%

20%


12%

-39%

-18%

DISTRESSED SALES CONTINUED TO DECLINE,ESPECIALLY FOR SHORT SALES

(% Change in Sales Year toYear)


DISTRESSED SALES CONTINUED TO DECLINE,ESPECIALLY FOR SHORT SALES

12.4%

-38.9%

-18.3%

-80%

-60%

-40%

-20%

0%

20%

40%

60% Equity Sales Short Sales REO Sales


yty% chg in sales

DISTRESSED SALES

Percent of Total Sales: May 2015

0%

20%

40%

60%

80%

100%

May-15 Jan-09


DISTRESSED SALES


0%

20%

40%

60%

80%

100%

CA Los Angeles Orange Riverside San Bernardino

7.4% 7.3%4.4%

10.4% 10.1%

69.5%62.4% 60.3%

79.4% 81.9%

May-15 Jan-09


DISTRESSED SALES


0%

20%

40%

60%

80%

100%

8.1% 10.9% 5.8% 9.9% 6.1% 10.1% 8.3%14.2%

69.5%

84.2%

68.1%

85.6% 89.5%93.0% 93.6%

45.8%

May-15 Jan-09


Date post:	05-Nov-2015
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Distressed Sales, May 2015

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