Hollister, San Benito County Real Estate Market Update for March 19th, 2011

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

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Actives

San Benito County-184 of which REO/Bank Owned-27 or 15%

Hollister-121 of which REO/Bank Owned-22 or 18%

Pendings

San Benito County-180 of which REO/Bank Owned-47 or 26%

Hollister-149 of which REO/Bank Owned-43 or 29%

Absorption Rate

San Benito County- 1.02 months supply of inventory or 31days

Hollister-.81 months supply of inventory or 24days

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Solds for the week: 8

High-$680,000 New Conv 1st, Equity Sale

Low- $199,000 VA Loan, Short Sale (Go…Tammy)

Full-Price/Over-Asking: 3 or 38%

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Sale Type

Equity Sale: 3 or 37.5%

Short Sale: 3 or 37.5%

REO/Bank Owned: 2 or 25%

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Financing Type

New Conv 1st: 3 or 37.5%

FHA Loan: 2 or 25%

All CASH: 1 or 12.5%

VA Loan: 1 or 12.5%

Seller Carry Back: 1 or 12.5%

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Wow! There’s a new lender in town….A Seller Carry Back!

Did you know that 30% of all homes in America HAVE NO MORTGAGE AGAINST THEM! They are owned free and clear!!!

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