Hollister, San Benito County Real Estate Market Update for May 12, 2012

Solds_for_the_week_05-12-12[1]

Single Family Residential
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Actives:
San Benito County-82 of which REO/Bank Owned-13 or 16%, Short Sales-13 or 16%
Hollister-43 of which REO/Bank Owned-9 or 21%, Short Sales-12 or 28%
 
Pendings:
San Benito County-191 of which REO/Bank Owned-29 or 15%, Short Sales-121 or 63%
Hollister-157 of which REO/Bank Owned-21 or 13%, Short Sales-102 or 65%
 
Absorption Rate:
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.27 months supply of inventory or 8-Days
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Solds for the week: 9
High:$480,000  FHA Loan, Traditional Sale (new construction)
Low: $185,400 FHA Loan, Traditional Sale
Full-Price/Over-Asking: 5 or 55%
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Sale Type:
Traditional Sale-5 or 55%
Short Sale-3 or 33%
REO/Bank Owned-1 or 11%
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Financing Type:
FHA Loan-5 or 55%
New Conv 1st-3 or 33%
All CASH-1 or 11%