Hollister, San Benito County Real Estate Market Update for May 8th, 2010

San Benito County map
Image via Wikipedia

Single Family Residential

____________________________________________________________

Active:

San Benito County-152 of which REO/Bank Owned-25 or 16%

Hollister-88 of which REO/Bank Owned-20 or 23%

Pending:

San Benito County-236 of which REO/Bank Owned-38 or 16%

Hollister-198 of which REO/Bank Owned-31 or 16%

Absorption Rate:

San Benito County-.64 months supply of inventory or 19 days

Hollister-.44 months supply of inventory or 13 days

____________________________________________________________

Sold’s for the week: 16

High-$700,000 Short Sale, New Conv. 1st

Low- $163,000 REO/Bank Owned, USDA Loan

Full-Price or Over-Asking- 7 or 44%

____________________________________________________________

Sale Type:

Short Sale-7 or 44%

Equity Sale-6 or 38%

REO/Bank Owned-3 or 19%

____________________________________________________________

Financing Type:

New Conventional 1st-7 or 44%

FHA Loan-6 or 38%

All CASH-2 or 13%

USDA Loan-1 or 6%

____________________________________________________________

Wow! Big week for the Sold’s….Short Sales and Equity Sales dethroned the REO/Bank Owned properties as the big players.

Reblog this post [with Zemanta]