Hollister, San Benito County Real Estate Market Update for January 28, 2012

Solds for the week 01-28-12

Single Family Residential
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Actives
San Benito County-112 of which REO/Bank Owned-15 or 13%, Short Sales-34 or 30%
Hollister-74 of which REO/Bank Owned-13 or 18%, Short Sales-27 or 36%
 
Pendings
San Benito County-184 of which REO/Bank Owned-26 or 14%, Short Sales-120 or 65%
Hollister-145 of which REO/Bank Owned-18 or 12%, Short Sales-98 or 68%
 
Absorption Rate
San Benito County-.61 months supply of inventory or 18-days
Hollister-.51 months supply of inventory or 15-days
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Solds for the week: 5
High: $650,000 Regular Sale, New Conv 1st
Low:  $225,000 Short Sale, VA Loan
Full-Price/Over-Asking: 2 or 40%
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Sale Type
Short Sale: 3 or 60%
Traditional Sale: 2 or 40%
REO/Bank Owned: None
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Financing Type
New Conv 1st: 2 or 40%
All CASH: 2 or 40%
VA Loan: 1 or 20%