Hollister, San Benito County Real Estate Market Update for January 9th, 2010

Single Family Residential

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Active:

  San Benito County-134 of which REO/Bank Owned-25 or 19%

  Hollister-70 of which REO/Bank Owned-16 or 23%

Pending:

  San Benito County-215 of which REO/Bank Owned-50 or 23%

  Hollister-180 of which REO/Bank Owned-40 or 22%

Absorption Rate:

  San Benito County-.62 month’s supply of inventory or 19days

  Hollister-.39 month’s supply of inventory or 12days

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Solds for the week: 7 (a light week for closings)

  High-$524,700  REO/Bank Owned, New Conv. 1st

  Low-$210,000 Short Sale, FHA Loan

Full Price or Over Asking: 5 or 71%

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Sale Type

REO/Bank Owned-2 or 29%

Short Sale-4 or 57%

Equity Sale-1 or 14%

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Financing Type

New Conv. 1st-4 or 57%

FHA Loan-3 or 43%

All Cash-none this week

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