Hollister, San Benito County Real Market Update for February 18, 2012

Solds for the week 02-18-12

Single Family Residential
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Actives:
San Benito County-113 of which REO/Bank Owned-18 and Short Sales-27 or 24%
Hollister-72 of which REO/Bank Owned-13 or 18% and Short Sales-23 or 32%
 
Pendings:
San Benito County-177 of which REO/Bank Owned-24 or 14% and Short Sales-113 or 68%
Hollister-140 of which REO/Bank Owned-17 or 12% and Short Sales-92 or 64%
 
Absorption Rate:
San Benito County-.64 months supply of inventory or 19-Days
Hollister-.51 months supply of inventory or 15-Days
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Solds for the Week: 12
High: $780,000 Short Sale, New Conv. 1st
Low:  $65,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 7 or 58%
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Sale Type:
Short Sales: 7 or 58%
REO/Bank Owned: 4 or 33%
Traditional Sale: 1 or 8%
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Financing Type:
New Conv. 1st: 5 or 42%
FHA Loan: 2 or 16.5%
USDA Loan: 2 or 16.5%
All CASH: 2 or 16.5%
Seller Financing: 1 or 8%
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