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

Single Family Residential

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Active:

  San Benito County-140 of which REO/Bank Owned-30 or 21%

  Hollister-80 of which REO/Bank Owned-22 or 28%

Pending:

  San Benito County-209 of which REO/Bank Owned-40 or 19%

  Hollister-173 of which REO/Bank Owned-31 or 18%

Absorption Rate:

  San Benito County-.67 months supply of inventory ~ 20 days

  Hollister-.46 months supply of inventory ~ 14 days

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Sold’s for the week: 14

  High-$565,000 Equity Sale, All Cash

  Low- $69,000 REO/Bank Owned, All Cash

Full-Price or Over-Asking: 7 or 50%

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Sale Type:

  REO/Bank Owned-7 or 50%

  Short Sale-2 or 14%

  Equity Sale-5 or 36%

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Financing Type:

  New Conv. 1st-5 or 36%

  FHA Loan-6 or 43%

  All Cash-2 or 14%

  VA Loan-1 or 7%

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A busy week of closings considering the holidays!