Hollister, San Benito County Real Estate Market Update for May 14th, 2011

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Single Family Residential

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Actives:

San Benito County-192 of which REO/Bank Owned-26 or 13%

Hollister-138 of which REO/Bank Owned-21 or 15%

Pendings:

San Benito County-164 of which REO/Bank Owned-41 or 25%

Hollister-130 of which REO/Bank Owned-33 or 25%

Absorption Rate:

San Benito County-1.17 months supply of inventory or 35-days

Hollister-1.06 months supply of inventory or 32-days

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Solds for the week: 19 (3-late reportings)

High: $915,000 Traditional Sale, New Conv 1st

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

Full-Price/Over-Asking: 7 or 37%

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Sale Type:

Short Sale-10 or 53%

Traditional Sale-5 or 26%

REO/Bank Owned-4 or 21%

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Financing Type:

New Conv 1st-9 or 47%

FHA Loan-6 or 32%

VA Loan-10%

All CASH-1 or 5%

USDA Loan-1 or 5%

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Wow! Big week for getting those Short Sales closed!

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