~ Hollister, San Benito County Real Estate Market Update for August 15th, 2009 ~

Single Family Residential

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Actives: SBC~163 of which REO/Bank Owned~27 or 17%

                      HO~85 of which REO/Bank Owned~19 or 22%

Pendings: SBC~222 of which REO/Bank Owned~68 or 31%

                          HO~197 of which REO/Bank Owned~63 or 32%

Absorption Rate: SBC~.73

                                           HO~.43 months supply of inventory

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Solds for the week: 15

   High: $349,000   REO/Bank Owned, New Conv. 1st

   Low:  $153,000   REO/Bank Owned, New Conv. 1st

Full-Price or Over-Asking: 11 or 73%

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Sale Type

   REO/Bank Owned: 12 or 80%

   Short Sale: 2 or13%

   Equity Sale: 1 or 7%

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Financing Type

   New Conventional 1st: 8 or 53%

   FHA Loan: 4 or 27%

   Cash: 3 or 20%

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The inventory continues to shrink…..increasing demand resulting in agents reportedly receiving 20-30 offers on the lower priced homes.