Finding out how many homes in your zip code sold in 2022 for ALL CASH? (RE agent, disclosure)

[Mike from back east]

There is a way to find out how many homes in your zip code sold for ALL CASH in 2022. Today's WaPo has an interactive map where one puts in their zip code (or hovers over an area of the map) to find the percentage of homes in that zip code sold for all cash. The map is color-coded, the more all cash sales the darker the color. Not all states supplied data, Texas is notably absent, and not all areas within some states supplied data.

In Cape Coral, FL 33908 the percentage was 68% all cash.
In Sebring, FL 33857 the percentage was 88% all cash.
In Upperville, VA 20184 (Hunt Country$$$$) the percentage was 93% all cash. (Billionaires got the bucks!)
The eastern two thirds of Long Island is all dark, percentages in the 70s and 80s.
In Rancho Mirage, CA 92270 the percentage was 65% all cash.
In San Rafael, CA 94956 the percentage was 80% all cash.


The WaPo is a paywall site. Try this: https://wapo.st/3XnVc8e

[Hemlock140]

Interesting, and as expected, the most where cash was paid are the least expensive areas. Here in Sammamish WA where the median is $1.6 million it's 10% in one zip code, 14% in the other. In much less expensive Tacoma and Bremerton median $425k and $460k it's in the 40-50% range. Possibly much of that is investors, buying for rentals.

[kab0906]

38% in my zip code.

I was one of them.

[Mightyqueen801]

31% in my zip code

[Nodpete]

19 % in my zip. A 'cheap' price is around $375,000, most new houses start at $500,000 +.

[spencgr]

Originally Posted by Hemlock140

Interesting, and as expected, the most where cash was paid are the least expensive areas. Here in Sammamish WA where the median is $1.6 million it's 10% in one zip code, 14% in the other. In much less expensive Tacoma and Bremerton median $425k and $460k it's in the 40-50% range. Possibly much of that is investors, buying for rentals.

The average price of home sales in my zip code is $1.6M. It is showing 50% all cash buyers.

[svband76]

Originally Posted by Mike from back east

There is a way to find out how many homes in your zip code sold for ALL CASH in 2022. Today's WaPo has an interactive map where one puts in their zip code (or hovers over an area of the map) to find the percentage of homes in that zip code sold for all cash. The map is color-coded, the more all cash sales the darker the color. Not all states supplied data, Texas is notably absent, and not all areas within some states supplied data.

In Cape Coral, FL 33908 the percentage was 68% all cash.
In Sebring, FL 33857 the percentage was 88% all cash.
In Upperville, VA 20184 (Hunt Country$$$$) the percentage was 93% all cash. (Billionaires got the bucks!)
The eastern two thirds of Long Island is all dark, percentages in the 70s and 80s.
In Rancho Mirage, CA 92270 the percentage was 65% all cash.
In San Rafael, CA 94956 the percentage was 80% all cash.


The WaPo is a paywall site. Try this: https://wapo.st/3XnVc8e

Thank you so much for this. Very informative.

[rrah]

I looked at the Indianapolis metro area. I can guarantee some of the areas shown as 80-100% cash buyers are not accurate. They are lower income, rural areas. Yes, the housing is less expensive there, but so are incomes.

They are using data from Redfin. It's been a few years, but the MLS in these areas did not require agents to indicate the type of financing on properties that were sold. The state sales disclosure form that is completed at closing also dos not require one to list the type of financing unless it's a land contract. At least for my region and state, it's bad data.

[MortonR]

Originally Posted by rrah

I looked at the Indianapolis metro area. I can guarantee some of the areas shown as 80-100% cash buyers are not accurate. They are lower income, rural areas. Yes, the housing is less expensive there, but so are incomes.

They are using data from Redfin. It's been a few years, but the MLS in these areas did not require agents to indicate the type of financing on properties that were sold. The state sales disclosure form that is completed at closing also dos not require one to list the type of financing unless it's a land contract. At least for my region and state, it's bad data.

I looked at that, too, and found it difficult to believe. I think the numbers were something like 70-80% of homes in Marion County were purchased with cash. No way.

RM

[king john IV]

wow.
i had "heard" that off-shore money
paid a premium in an all-cash deal
for just about anything resembling
a house.
if this website/information
is "close to" correct, then
our local real estate agents
could be in the 1%.