Attom Data Solutions just released its Q1 2018 reports on institutional investments and cash transactions in real estate. If you’re as interested as I in where and how money is flowing single-family home transactions, this piece is for you.
In Q1 2018, institutional investors accounted for only 1.7% of all home and condominium sales nationwide. Compare this 1.7% this quarter with 3.6% in Q4 2017, 2.0% in Q1 2017 and a whopping 8.9% of all home and condo sales in Q1 2013.
Despite only 1.7% nationwide, Memphis is red hot with institutional investors at 7% of all single-family home transactions and Atlanta jumped from 3.6% in Q1 2017 to 5.5% in Q1 2018. Perhaps Amazon knows something we don’t?
Institutional Investors Buying Where?
Memphis, TN 7%
Birminham-Hoover, AL 5.6%
Atlanta, GE 5.5%
Clarksville, TN-KY 5.4%
Columbia, SC 4.7%
Dayton, OH 4.3%
Indianapolis-Carmel-Anderson, IN 4.3%
Phoenix-Mesa-Scottsdale, AZ 3.9%
Winston-Salem 3.7%
Chicago, IL 3.6%
All cash sales in single-family home transactions average 30% of all real estate transactions.
Where Is Cash King?
Naples-Immokalee, FLA 55.1%
Mobile, AL 54.9%
North Point-Sarasota, FLA 48.4%
Cape Coral-Ft. Meyers, FLA 47.6%
Memphis, TN 47.5%
Atlantic City, NJ 46.5%
Miami-Ft. Lauderdale, FLA 46.5%
Birmingham-Hoover, AL 45.2%
Port St. Lucie, FLA 44.8%
Oklahoma City, OK 43.1%
See any similarities?
