2017 Coconino County Arizona Tax Lien Auction Results

[Jerry K.]

The 2017 online tax lien auction for Coconino county in northern AZ ended last week and here are some unofficial results. Results can change if investors do not make their final payments for their lien purchases.

Dollar amount was about 30% higher than the last two years. However the total number of liens sold to investors was down almost 18% this year for Coconino compared to the last two years. The largest number of investors won liens this year since the 2013 auction.

I eliminated the "Struck to County" liens which are the liens nobody bid on and are now held by the county. There were 1,853 liens that were struck to the county. A total of $1,687,241.99 in liens not sold.

Number of liens sold to investors:

2017 - 630

2016 – 766

2015 - 767
2014 - 1,062
2013 - 1,220

Total dollar of liens sold:

2017 - $1,023,450.05

2016 - $789,139.40
2015 - $752,379.78
2014 - $1,359,566.57
2013 - $1,868,433.33

Average rate of return overall:

2017 – 5.91% (12.19% if you include the Struck to County which all get 16%)

2016 - 4.71% (11.74% if you include the Struck to County which all get 16%)

2015 - 6.52% (12.58% if you include the Struck to County which all get 16%)
2014 - 6.58%
2013 - 6.83%

Number of Investors who won liens:

2017 - 84

2016 - 54
2015 - 68
2014 - 69
2013 - 106

Total Number of bids for all liens:

2017 – 3,601

2016 - 3,348

2015 - 4,311
2014 - 6,254
2013 - 54,255,0890

You bid down the interest rate in 1% increments from 16% down to 0%.
Rate Percent that had the most number of bids overall:

2017 – 5% 688 bids

2016 - 4% 867 bids

2015 - 5% 551 bids
2014 - 7% 1,162 bids
2013 - 7% 18,001,058 bids

Most bids per lien/parcel:

2017 – One lien had 25 bids

2016 - One lien had 21 bids

2015 - One lien had 35 bids
2014 - One lien had 38 bids
2013 - Two liens each had 482,840 bids

Results by Property Type minus the Struck to County (click on image to make larger):

[Jerry K.]

Took a look at who the top ten winners were in the auction based on amount invested. "Struck to County" are the liens that no one bid on that went back to the county, so I took the top 11 rows.

Then did a little deeper look at the top buyer, "Land Listings LLC", since they received over 12.5% on average. First up are the liens they won and I see most are liens on vacant land.

The final image shows their bidding strategy was to bid 0% for almost all the liens. A couple of 1% bids are in there too. Interesting to see that they bid on homes and commercial parcels but won mostly vacant land.

Click on any image to see a larger version: