Hollister, San Benito County Real Estate Market Update for October 2, 2010

Seal of San Benito County, California
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Single Family Residential

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Actives:

San Benito County-200 of which REO/Bank Owned-34 or 17%

Hollister-141 of which REO/Bank Owned-28 or 20%

Pendings:

San Benito County-182 of which REO/Bank Owned-38 or 23%

Hollister-151 of which REO/Bank Owned-32 or 21%

Absorption Rate:

San Benito County-1.1 months supply of inventory or 33 days

Hollister-.93 months supply of inventory or 28 days

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Solds for the week: 18 (4-late reportings 22% … duh)

High: $430,000 Equity Sale, All Cash

Low:  $98,0000 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 9 or 50%

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Sale Type

REO/Bank Owned: 10 or 56%

Equity Sale: 5 or 28% (2 of those were investor flips)

Short Sale: 3 or 17%

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Financing Type

All Cash: 6 or 33%

FHA Loan: 5 or 28%

New Conv 1st: 3 or 17%

VA Loan: 3 or 17%

USDA Loan: 1 or 6%

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