Hollister, San Benito County Real Estate Market Update for May 21, 2011

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Single Family Residential

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Actives:

San Benito County-189 of which REO/Bank Owned-25 or 13%

Hollister-131 of which REO/Bank Owned-21 or 16%

Pendings:

San Bentio County-164 of which REO/Bank Owned-39 or 24%

Hollister-134 of which REO/Bank Owned-31 or 23%

Absorption Rate:

San Benito County-1.15 months supply of inventory or 35 days

Hollister-.98 months supply of inventory or 29 days

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Solds for the week: 11

High: $460,000 Traditional Sale, FHA Loan

Low: 180,000 REO/Bank Owned, All CASH

Full-Price/Over-Asking: 6 or 55%

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Sale Type

REO/Bank Owned: 7 or 66%

Traditional Sale: 3 or 27%

Short Sale: 1 or 9%

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Financing Type

New Conv 1st: 4 or 36%

All CASH: 4 or 36%

FHA Loan: 2 or 18%

USDA Loan: 1 or 9%

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