Lori Uhl McClelland's Blog

Single Family Residential

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Active:

San Benito County-160 of which REO/Bank Owned-25 or 16%

Hollister-101 of which REO/Bank Owned-22 or 22%

Pending:

San Benito County-240 of which REO/Bank Owned-39 or 16%

Hollister-197 of which REO/Bank Owned-29 or 15%

Absorption Rate:

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

Hollister-.51 months supply of inventory or 15-days

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Solds for the week: 11

High-$630,000 REO/Bank Owned, New Conv. 1st

Low- $120,000 REO/Bank Owned, All CASH

Full Price or Over Asking- 6 or 55%

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Sale Type:

REO/Bank Owned-7 or 64%

Short Sale-3 or 27%

Equity Sale-1 or 9%

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Financing Type:

New Conv. 1st-4 or 36%

FHA Loan-4 or 36%

All CASH-3 or 28%

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Top 10 Outdoor Spring-Cleaning Tips

Over The Fence ~ May 2010

http://www.thinkbigworksmall.com/mypage/player/tbws/27305/1079262

MLS Stats 2006-2009

Click on the link above to see the annual average sales prices  for Hollister and San Benito County for the years 2006 to 2009.

MLS Stats 2010 Jan-March

Pay attention…..we’re actually seeing some pricing stability in the most affordable price ranges!

You can make a mortgage payment TODAY for less money than you pay in rent!!! Rates are still hovering around 5%…

Real Estate is ON SALE! Big Time…..we’re talking DISCOUNT Rack….BLUE LIGHT SPECIAL!!!!! Can you say….57-58% discount….holy moly!

Single Family Residential

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Actives:

San Benito County-163 of which REO/Bank Owned-27 or 17%

Hollister-100 of which REO/Bank Owned-20 or 20%

Pendings:

San Benito County-233 of which REO/Bank Owned-38 or 16%

Hollister-193 of which REO/Bank Owned-31 or 16%

Absorption Rate:

San Benito County-.70 months supply of inventory or 21-days

Hollister-.52 months supply of inventory or 16-days

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Solds for the week: 13

High-$825,000 Short Sale, New Conv. 1st

Low- $70,000  REO/Bank Owned, All CASH

Full-Price or Over-Asking-2 or 15%

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Sale Type

REO/Bank Owned-6 or 46%

Short Sale-4 or 31%

Equity Sale-3 or 23%

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 Financing Type

All CASH-5 or 38%

FHA Loan-4 or 31%

New Conv. 1st-3 or 23%

USDA Loan-1 or 8%

http://www.thinkbigworksmall.com/mypage/player/tbws/27001/1079262

http://www.housingwire.com/2010/04/09/peak-house-prices-will-return-to-sand-states-after-2025-fiserv/

http://hosted.cdpe.com/15028/Eligibility.aspx

Single Family Residential

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Actives:

San Benito County-160 of which REO/Bank Owned-29 or 18%

Hollister-96 of which REO/Bank Owned-20 or 21%

Pendings:

San Benito County-231 of which REO/Bank Owned-37 or 16%

Hollister-190 of which REO/Bank Owned-30 or 16%

Absorption Rate:

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

Hollister-.51 months supply of inventory or 15 days

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Solds for the week: 20

High: $605,000 REO/Bank Owned, New Conv. 1st

Low:  $115,000 REO/Bank Owned, All CASH

Full-Price or Over-Asking: 16 or 80%

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Sale Type

REO/Bank Owned: 12 or 60%

Short Sale: 6 or 30%

Equity Sale: 2 or 10%

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Financing Type

New Conv. 1st: 9 or 45%

FHA Loan: 8 or 40%

All CASH: 3 or 15%

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 Wow! Big week for closings…..Inventory appears to be creeeeping up….maybe due to the banks moving forward on more foreclosures that were stalled from last year….there were 54 Notices of Sale in the paper this week, have not seen numbers like that in well over a year.

http://www.thinkbigworksmall.com/mypage/player/tbws/26416/1079262