Hollister, San Benito County Real Estate Market Update for October 31, 2009

Single Family Residential

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Actives: SBC-138 of which REO/Bank Owned-20 or 14%

                     HO-73 of which REO/Bank Owned-15 or 21%

Pendings: SBC-238 of which REO/Bank Owned-56 or 24%

                          HO-194 of which REO/Bank Owned-46 or 24%

Absorption Rate: SBC-.58 or a 17 day supply of inventory

                                            HO-.38 or a 11 day supply of inventory

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Sold’s for the week: 14

  High: $690,000  REO/Bank Owned, FHA Loan

  Low:  $105,000  REO/Bank Owned, All Cash

Full-Price or Over-Asking: 9 or 64%

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Sale Type

  REO/Bank Owned: 11 or 79%

  Short Sale: 1 or 7%

  Equity Sale: 2 or 14%

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Financing Type

  New Conv. 1st: 4 or 28.5%

  FHA Loan: 6 or 43%

  All Cash: 4 or 28.5%

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Another typical week…however the inventory continues its march downward. It is alarmingly low!