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Hollister, San Benito County Real Estate Market Update for March 6th, 2010

Saturday, March 6, 2010 | 6 comments

Seal of San Benito County, California
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Single Family Residential

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Actives:

San Benito County-149 of which REO/Bank Owned-25 or 17%

Hollister-83 of which REO/Bank Owned-16 or 20%

Pendings:

San Benito County-215 of which REO/Bank Owned-47 or 22%

Hollister-182 of which REO/Bank Owned-36 or 20%

Absorption Rate:

San Benito County-.69 months supply of inventory or 21days

Hollister-.46 months supply of inventory or 14days

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Solds for the week: 14

High: $839,000 Short Sale, All CASH

Low:  $155,000 REO/Bank Owned, New Conv. 1st

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

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Sale Type:

REO/Bank Owned-8 or 57%

Equity Sale-4 or 29%

Short Sale-2 or 14%

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Financing Type:

FHA Loan-5 or 36%

New Conv. 1st-4 or 29%

All CASH-3 or 21%

USDA Loan-1 or 7%

Seller Carry-Back-1 or 7%

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Wow! A Seller Carry-Back……the whole world would have us believe that nobody has any equity in their property when I’ve been told a several industry events that 30% of U.S. homes have no mortgage against them….things that make ya go hummmmm…..

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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales, Working By Referral

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6 Responses to “Hollister, San Benito County Real Estate Market Update for March 6th, 2010”

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