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

 
Single Family Residential
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Active:
San Benito County-88 of which REO/Bank Owned-10 or 19%, Short Sales-22 or 25%
Hollister-50 of which REO/Bank Owned-7 or 14%, Short Sales-17 or 34%
 
Pendings:
San Benito County-205 of which REO/Bank Owned-35 or 17%, Short Sales-115 or 56%
Hollister-171 of which REO/Bank Owned-26 or 15%, Short Sales-101-59%
 
Absorption Rate:
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.29 months supply of inventory or 9-Days
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Solds for the week: 12
High: $552,000, Traditional Sale, All CASH
Low:  $203,000, REO/Bank Owned, USDA Loan
Full-Price/Over-Asking: 8 or 67%
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Sale Type
Traditional Sale: 5 or 42%
Short Sale: 4 or 33%
REO/Bank Owned: 3 or 25%
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Financing Type
New Conv 1st: 6 or 50%
All CASH: 2 or 16.6%
FHA Loan: 2 or 16.6%
USDA Loan: 2 or 16.6%
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Wow! A 9 day aborsorption rate….explains the increasingly crazy buyer behavior
we’re seeing in the marketplace!