Hollister, San Benito County Real Estate Market Update for July 30th, 2011

Official seal of County of San Benito
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Single Family Residential
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Active:
San Benito County-186 of which REO/Bank Owned-25 or 13%
Hollister-128 of which REO/Bank Owned-18 or 14%

Pending:
San Benito County-174 of which REO/Bank Owned-33 or 19%
Hollister-136 of which REO/Bank Owned-25 or 18%

Absorption Rate:
San Benito County-1.06 months supply of inventory or 32-days
Hollister-.94 months supply of inventory or 28-days
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Solds for the week: 15
High: $435,000 Short Sale, FHA Loan
Low:  $112,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 9 or 60%
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Sale Type
REO/Bank Owned: 7 or 47%
Short Sale: 5 or 33%
Traditional Sale: 3 or 20%
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Financing Type
All CASH: 6 or 40%
FHA Loan: 5 or 33%
New Conv 1st: 3 or 20%
USDA Loan: 1 or 6%
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Wow! Cash was king this week….

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