Hollister, San Benito County Real Estate Market Update for October 17th, 2009

Single Family Residential
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Actives: SBC-145 of which REO/Bank Owned-24 or 17%
                      HO-76 of which REO/Bank Owned-17 or 22%

Pendings: SBC-236 of which REO/Bank Owned-56 or 24%
                          HO-193 of which REO/Bank Owned-44 or 23%

Absorption Rate: SBC-.61 and HO-.39 month’s supply of inventory
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Solds for the week: 7
  High: $665,000  REO/Bank Owned, Cash
  Low:  $185,000  REO/Bank Owned, FHA Loan
  Full-price or Over Asking: 4 or 57%
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Sale Type

  REO/Bank Owned: 6 or 86%
  Short Sale: 1 or 14%
  Equity Sale: 0

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Financing Type

  New Conv. 1st: 3 or 43%
  FHA Loan: 2 or 28%
  Cash: 2 or 28%
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Wow! Kind of puny on the closings this week. What’s up with that?……