Lori Uhl McClelland's Blog

Single Family Residential

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Actives:

San Benito County-176 of which REO/Bank Owned-28 or 16%

Hollister-106 of which REO/Bank Owned-25 or 24%

Pendings:

San Benito County-207 of which REO/Bank Owned-38 or 18%

Hollister-170 of which REO/Bank Owned-31 or 18%

Absorption Rate:

San Benito County-.85 months supply of inventory or 26-days

Hollister-.62 months supply of inventory or 19-days

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Solds for the week: 12

High-$445,000 Equity Sale, New Conv. 1st

Low- $157,000 REO/Bank Owned, New Conv. 1st

Full-Price/Over-Asking: 9 or 75%

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Sale Type

REO/Bank Owned: 5 or 42%

Equity Sale: 4 or 33% of those 3 were Flips or 25% of total

Short Sale: 3 or 25%

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Financing Type

New Conv 1st: 7 or 58%

FHA Loan: 5 or 42%

No CASH deals this week!

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 Wow! 25% of the total Solds were Investor Flips! There’s a new seller in the neighborhood….better pay attention!