Hollister, San Benito County Real Estate Market Update for June 27th, 2009

Single Family Residential

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Actives:  SBC~180 of which REO/Bank Owned~32 or 18%

                       HO~97 of which REO/Bank Owned~24 or 25%

Pendings: SBC~222 of which REO/Bank Owned~73 or 33%

                          HO~197 of which REO/Bank Owned~70 or 36%

Absorption Rate: SBC~.81  HO~.49 months supply of inventory

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Sold’s for the week: 8

  High: $635,000 Equity Sale, New Conv. 1st

  Low:  $246,000 REO, New Conv. 1st

  Full Price or Over Asking: 7 or 88%

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Sale Type

REO/Bank Owned: 6 or 75%

Short Sale: 1 or 13%

Equity Sale: 1 or 13%

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Financing Type

New Conventional 1st: 5 or 63%

FHA: 3 or 37%

CASH: 0

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 Another light week in the numbers.

After a long dry spell I received a new REO listing this week.