Hollister, San Benito County Real Estate Market Update for February 4th, 2012

Solds for the week 02-04-12

Single Family Residential
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Actives:
San Benito County-121 of which REO/Bank Owned-13 or 11%, Short Sale-33 or 27%
Hollister-77 of which REO/Bank Owned-10 or 13%, Short Sale-27 or 35%
 
Pendings:
San Benito County-174 of which REO/Bank Owned-29 or 16%, Short Sale-111 or 64%
Hollister-137 of which REO/Bank Owned-22 or 16%, Short Sale-89 or 65%
 
Absorption Rate:
San Benito County-.70 months supply of inventory or 21-Days
Hollister-.56 months supply of inventory or 17-Days
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Solds for the week: 7
High: $360,000 Short Sale, New Conv. 1st
Low:  $207,000 Short Sale, USDA Loan
Full-Price/Over-Asking: 2 or 29%
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Sale Type
Short Sale: 5 or 72%
REO/Bank Owned: 1 or 14%
Traditional Sale: 1 or 14%
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Financing Type
New Conv. 1st: 3 or 42%
FHA Loan: 2 or 29%
USDA Loan: 2 or 29%