Hollister, San Benito County Real Estate Market Update for May 16th, 2009

Single Family Residential

Active: SBC~178 of which REO~32 or 18%

                 HO~94  of which REO~27 or 29%

Pending:  SBC~222 of which REO~85 or 38%

                      HO~200 of which REO~79 or 40%

Absorption Rate:  SBC~ .8 

                                       HO~ .47 months supply of inventory

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 Solds for the week: 14

High: $488,000 REO-New Conv. 1st

Low:  $100,000 Probate Sale-Cash

Full-Price or Over: 9 or 64%

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Sale Type:

REO~12 or 86%

Equity Sale~1 or 7%

Probate Sale~1 or 7%

Short Sale~0

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Financing Type:

New Conv. 1st~9 or 64%

FHA Loan~1 or 7%

Cash~ 4 or 29%

Wow! The active inventory continues its downhill march.