Hollister, San Benito County Real Estate Market Update for June 16th, 2012

Solds_for_the_week_06-17-12[1]

Single Family Residential
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Actives
San Benito County-93 of which REO/Bank Owned-9 or 10%, Short Sales-16 or 17%
Hollister-46 of which REO/Bank Owned-5 or 11%, Short Sales-11 or 24%
 
Pendings
San Benito County-174 of which REO/Bank Owned-25 or 14%, Short Sales-110 or 63%
Hollister-143 of which REO/Bank Owned-16 or 11%, Short Sales-77 or 54%
 
Absorption Rate
San Benito County-.53 months supply of inventory or 16-Days
Hollister-.32 months supply of inventory or 10-Days
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Solds for the week: 8
High: $509,688.00 Short Sale, New Conv 1st
Low:  $240,000.00 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 5 or 60%
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Sale Type
Short Sale-3 or 37.5%
Traditional Sale-3 or 37.5%
REO/Bank Owned-2 or 25%
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Financing Type
New Conv 1st-2 or 25%
FHA Loan-2 or 25%
All CASH-2 or 25%
USDA Loan-2 or 25%