Hollister, San Benito County Real Estate Market Update for April 23, 2011

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Single Family Residential

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Actives:

San Benito County-176 of which REO/Bank Owned-25 or 14%

Hollister-125 of which REO/Bank Owned-25 or 20%

Pendings:

San Benito County-183 of which REO/Bank Owned-38 or 21%

Hollister-143 of which REO/Bank Owned-33 or 23%

Absorption Rate:

San Benito County-.96 months supply of inventory or 29-days

Hollister-.87 months supply of inventory or 26-days

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Solds for the week: 14 (3 late reportings or 21%)

High: $435,000 Short Sale, All CASH

Low:  $160,000 Traditional Sale, All CASH

Full-Price/Over-Asking: 9 or 64%

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Sale Type

REO/Bank Owned: 8 or 57%

Short Sale: 4 or 28%

Traditional Sale: 2 or 14%

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Financing Type

FHA Loan: 5 or 36%

New Conv 1st: 4 or 28%

USDA Loan: 3 or 21%

All CASH: 2 or 14%

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