Hollister, San Benito County Real Estate Market Update for September 18th, 2010

Seal of San Benito County, California
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Single Family Residential

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Actives:

San Benito County-203 of which REO/Bank Owned-35 or 17%

Hollister-144 of which REO/Bank Owned-29 or 20%

Pendings:

San Benito County-185 of which REO/Bank Owned-42 or 23%

Hollister-154 of which REO/Bank Owned-35 or 23%

 

Absorption Rate:

San Benito County-1.10 months supply of inventory or 33 days

Hollister-.94 months supply of inventory or 28 days

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Solds for the week: 14 (5! were late reportings)

High: $775,000 Equity Sale, New Conv. 1st

Low:  $180,000 Short Sale, FHA Loan

Full-Price/Over-Asking: 6 or 43%

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Sale Type

Equity Sale: 7 or 50%

Short Sale:  4 or 29%

REO/Bank Owned: 3 or 21%

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Financing Type

New Conv. 1st: 6 or 43%

FHA Loan: 6 or 43%

VA Loan:  1 or 7%

All CASH: 1 or 7%

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9 Properties actually closed this week. 5 of the 14 reported solds are late reportings. Are you kidding me! 36%.

What is wrong with people? One of the solds is all the way back to July!

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