Hollister, San Benito County Real Estate Market Update for September 26th, 2009

Single Family Residential

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Active:  SBC-148 of which REO/Bank Owned-22 or 15%

                     HO-78 of which REO/Bank Owned-16 or 21%

Pending:  SBC-238 of which REO/Bank Owned-68 or 29%

                         HO-197 of which REO/Bank Owned-54 or 27%

Absorption Rate: SBC-.62

                                            HO-.40 months supply of inventory

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Solds for the week: 12

  High: $485,000 REO/Bank Owned, New Conv 1st

   Low: $135,000 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 8 or 67%

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Sale Type

REO/Bank Owned: 8 or 67%

Short Sale: 2 or 17%

Equity Sale: 2 or 17%

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Financing Type

New Conv 1st: 6 or 50%

FHA: 4 or 33%

All Cash: 2 or 17%

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 Last week Tammy and I both got our CDPE credential.

CDPE ~ Certified Distressed Property Expert. We are the only 2 agents in San Benito County with this designation which makes us uniquely qualified to help distressed homeowners in need of a short sale. CDPE’s close 8 out of 10 short sales while the average agent closes 1 in 10.

If you know of someone in need of our services we’d be happy to help them out. With luck we can match short sale homeowners with buyers we are working with and everyone wins!