Hollister, San Benito County Real Estate Market Update for February 26th, 2011

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

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Actives

San Benito County-210 of which REO/Bank Owned-34 or 16%

Hollister-143 of which REO/Bank Owned-29 or 20%

Pendings

San Benito County-161 of which REO/Bank Owned-41 or 25%

Hollister-128 of which REO/Bank Owned-35 or 27%

Absorption Rate

San Benito County-1.30 months supply of inventory or 39-days

Hollister-1.11 months supply of inventory or 34-days

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Solds for the week: 15 (3 late reportings or 20%)

High: $620,000 Equity Sale, New Conv. 1st

Low:  $216,500 Short Sale, New Conv. 1st

Full-Price/Over-Asking: 7 or 47%

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Sale Type

Equity Sale: 6 or 40% (most were flippers)

Short Sale: 5 or 33%

REO/Bank Owned: 4 or 27%

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Financing Type

New Conv 1st: 11 or 73%

All Cash: 2 or 13%

FHA Loan: 1 or 7%

USDA Loan: 1 or 7%

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