Hollister, San Benito County Real Estate Market Update for February 12, 2011

Black Mountain (San Benito County, California)
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Single Family Residential

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Actives:

San Benito County-221 of which REO/Bank Owned-44 or 20%

Hollister-155 of which REO/Bank Owned-39 or 25%

Pendings:

San Benito County-150 of which REO/Bank Owned-30 or 20%

Hollister-121 of which REO/Bank Owned-25 or 21%

Absorption Rate:

San Benito County-1.47 months supply of inventory or 44-days

Hollister-1.28 months supply of inventory or 38-days

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Solds for the week: 6 (2 were late reporting 33%)

High: $410,000 Short Sale, FHA Loan

Low:  $104,500 REO/Bank Owned, All CASH

Full-Price/Over-Asking: 3 or 50%

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Sale Type

REO/Bank Owned: 4 or 66%

Short Sale: 2 or 33%

Equity Sale: none

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Financing Type

New Conv. 1st: 2 or 33%

FHA Loan: 2 or 33%

All CASH: 2 or 33%

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 Bit of a slow week for the Sold’s when you consider 2 were actually late reportings.

 The banks appear to be back in the game and the assignments are coming.

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