Specialist · Phoenix, AZ · Member since 2011 · 698 posts · 629 votes
The 2014 annual Tax Lien auction for Yavapai county Arizona ended today. I have the raw results data. There may be some slight changed since the investors have until tomorrow to pay for the liens.
I'll be adding data to the results to break down the property types and the bid counts for each lien in the coming weeks. This year the county limited the investors to only one account to bid. But here are the basic numbers compared to last year where banks and big funds had thousands of accounts to bid.
Number of liens sold to investors:
2014 - 2,575
2013 - 2,382
Total dollar of liens sold:
2014 - $3,015,871.87
2013 - $3,435,014.32
Average rate of return overall:
2014 - 5.86%
2013 - 6.55%
Number of Investors who won liens:
2014 - 116
2013 - 201
Again the 2014 numbers are unofficial and can change if some investors do not pay the amounts owed by tomorrow.
Got the bid data per lien in and wow, what a difference a year makes! By limiting the number of accounts to just one per investor, the number of bids overall was drastically slashed this year:
Total Number of bids for all liens:
2014 - 18,812
2013 - 99,073,789
That's right - from 99 million down to just under 19,000 bids in total.
You bid down the interest rate in 1% increments from 16% down to 0%. Percentage with the most number of bids overall:
2014 - 7% 3,542 bids
2013 - 4% 36,251,623 bids
It seems the institutions backed out. Bidders expected to get higher rates, but the overall interest rate return was lower as shown in my original post above.
Most bids per lien/parcel:
2014 - One lien had 41 bids
2013 - One lien had 470,295 bids
I'll post more on my BP blog (link below in the signature line) in the coming weeks as I add the Property types and start to do Pivot tables showing who invested the most, average returns, etc.
Wow that is a crazy amount of a drop in bids, so apparently the institutional buyers lost the advantage of having multiple accounts bidding and chose not to play on a level playing field.
My bigger surprise was in the small amount of winning bidders
@Richard Faretta They made everybody create new accounts so I believe many people who used to have multiple accounts that won liens in previous years now just had the one account and won all their liens in the single account. That helped reduce the number of investors who won liens. That said, it does look like many of the big players did leave this year. I'll be making a post on my Biggerpockets blog about the winner list in the coming weeks.