Hollister, San Benito County Real Estate Market Update for May 7th, 2011

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Single Family Residential

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Actives

San Benito County-186 of which REO/Bank Owned-28 or 15%

Hollister-132 of which REO/Bank Owned-22 or 17%

Pendings

San Benito County-179 of which REO/Bank Owned-40 or 22%

Hollister-143 of which REO/Bank Owned-34 or 24%

Absorption Rate

San Benito County-1.04 months supply of inventory or 31-days

Hollister-.92 months supply of inventory or 28-days

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Sold’s for the week: 12

High:$690,000 Traditional Sale, New Conv 1st

Low: $190,000 REO/Bank Owned, FHA Loan

Full-Price/Over-Asking:5 or 42%

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Sale Type

Tradtional Sale: 6 or 50%

REO/Bank Owned: 3 or 25%

Short Sale: 3 or 25%

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Financing Type

New Conv 1st: 5 or 42%

FHA Loan: 5 or 42%

VA Loan: 1 or 8%

USDA Loan: 1 or 8%

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Well….I can say two of the Sold’s this week closed early because Golden Eagle Mortgage did the buyers loan!!! Thanks Gina and Pauline!!!

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