Hollister, San Benito County Real Estate Market Update for January 7th, 2012

Solds for the week 01-07-12

Single Family Residential
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Actives:
San Benito County- 115 of which REO/Bank Owned-19 or 16.5% and Short Sales-32 or 28%
Hollister-75 of which REO/Bank Owned-15 or 20% and Short Sales-28 or 37%
 
Pendings:
San Benito County-184 of which REO/Bank Owned-24 or 13% and Short Sales-130 or 71%
Hollister-145 of which REO/Bank Owned-18 or 12% and Short Sales-104 or 72%
 
Absorption Rate:
San Benito County-.63 months supply of inventory or 19-Days
Hollister-.52 months supply of inventory or 16-Days
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Solds for the week: 5
High: $342,000 Traditional Sale, All CASH
Low:  $225,999 Short Sale, FHA Loan
Full-Price/Over-Asking: 2 or 40%
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Financing Type
All CASH: 2 or 40%
FHA Loan: 2 or 40%
New Conv. 1st: 1 or 20%
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Sale Type
Traditional Sale: 2 or 40%
Short Sale: 2 or 40%
REO/Bank Owned: 1 or 20%