Hollister, San Benito County Real Estate Market Update for June 20th, 2009
Saturday, June 20, 2009 | Add a comment
Single Family Residential
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Actives: SBC~174 of which REO~35 or 20%
HO~93 of which REO~28 or 30%
Pendings: SBC~215 of which REO~67 or 31%
HO~194 of which REO~66 or 34%
Absorption Rate: SBC~.81
HO~.48 months supply of inventory
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Solds for the week: 9
High: $510,000 REO, New Conv. 1st
Low: $250,000 Short Sale, New Conv. 1st
Full Price or Over Asking: 5 or 56%
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Sale Type
REO: 4 or 44%
Short Sale: 4 or 44%
Equity Sale: 1 or 11%
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Financing Type
New Conventional 1st: 3 or 33%
FHA Loan: 3 or 33%
VA Loan: 1 or 11%
Cash: 2 or 22%
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Bit of a light week on the closings. However look at the spread on prices $250 to $500. The inventory remains quite low as far as REO goes. Which explains the multiple offers being seen on a regular basis in the more affordable price ranges. I received 4 offers on a vandalized house just last week and have heard of as many as 20 offers being received on a house in Sunnyslope Village.