Hollister, San Benito County Real Estate Market Update for July 10th, 2010

Single Family Residential

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Active Homes:

San Benito County-173 of which REO/Bank Owned-25 or 14%

Hollister-105 of which REO/Bank Owned-21 or 10%

Pending Homes:

San Benito County-195 of which REO/Bank Owned-38 or 19%

Hollister-157 of which REO/Bank Owned-32 or 20%

Absorption Rate:

San Benito County-.89 months supply of inventory or 27-days

Hollister-.67 months supply of inventory or 20-days

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Solds for the week: 13

High-$396,000 Equity Sale, New Conv 1st

Low- $142,000 REO/Bank Owned, FHA Loan

Full-Price/Over-Asking-9 or 71%

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Sale Type:

Equity Sale-5 or 38%

        Investor Flip-2 or 15% of the total solds

REO/Bank Owned-4 or 31%

Short Sale-4 or 31%

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Financing Type:

FHA Loan-6 or 46%

New Conv 1st-5 or 38%

VA Loan-1 or 8%

All Cash-1 or 8%

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