Hollister, San Benito County Real Estate Market Update for November 19th, 2011

SINGLE FAMILY RESIDENTIAL

ACTIVES

San Benito County-146 of which REO/Bank Owned-26 or 18%  and Short Sale-46 or 32%

Hollister-102 of which REO/Bank Owned-21 or 21% and Short Sale-37 or 36%

PENDINGS

San Benito County-196 of which REO/Bank Owned-27 or 14% and Short Sale-132 or 67%

Hollister-158 of which REO/Bank Owned-23 or 15% and Short Sale-109 or 69%

ABSORPTION RATE

San Benito County-.75 month’s supply of inventory or 22.5 days

Hollister-.65 month’s supply of inventory or 19 days

Sold’s for the week: 12

High: $650,000  Short Sale, New Conv 1st

Low: $90,000   REO/Bank Owned, All CASH

Full-Price/Over-Asking: 3 or 25%

Sale Type

REO/Bank Owned: 5 or 42%

Short Sale: 3 or 25%

Traditional Sale: 4 or 33%

Financing Type

New Conv 1st : 7 or 58%

FHA Loan: 3 or 25%

All CASH: 2 or 17%

Solds for the week 11-19-11

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