Hollister, San Benito County Real Estate Market Update for November 7, 2009

Single Family Residential

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Actives:   

SBC-132 of which REO/Bank Owned-15 or 11%

HO-72 of which REO/Bank Owned-10 or 14%

Pendings:

SBC-244 of which REO/Bank Owned-57 or 23%

HO-198 of which REO/Bank Owned-47 or 24

Absorption Rate:

SBC-.54 months supply of inventory or 16 days

HO-.36 months supply of inventory or 11 days

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Sold’s for the week: 17

High: $435,000 REO/Bank Owned, New 1st

Low:  $120,000 REO/Bank Owned, FHA Loan

Full-Price or Over-Asking: 13 or 76%

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Sale Type

REO/Bank Owned: 10 or 59%

Short Sale: 4 or 23%

Equity Sale: 3 or 18%

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Financing Type

New Conv. 1st: 5 or 29%

FHA Loan: 9 or 53%

 VA Loan: 1 or 6%

 CASH: 2 or 12%

Wow! A very strong week for the Sold’s.  The Short Sales made an impressive showing with 4 closed.

The inventory continues it’s march downward.