Hollister, San Benito County Real Estate Market Update for June 20th, 2009
Saturday, June 20, 2009 | 1 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.
Home Equity Refinance…
– A mortgage refinancing– Considering refinancing? Posted on June 23rd, 2009 by Mortgage Refinancing News There are several ways to refinance the property, which are deliberated whether to refinance their homes. To help you choose the best route, an o…