Hollister, San Benito County Real Estate Market Update for July 14th, 2012

Solds for the Week of 07-14-12

Official seal of County of San Benito
Official seal of County of San Benito (Photo credit: Wikipedia)

Single Family Residential

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Actives

San Benito County-90 of which REO/Bank Owned-9 or 10%, Short Sales-15 or 17%

Hollister-47 of which REO/Bank Owned-4 or 9%, Short Sales-14 or 30%

Pendings

San Benito County-178 of which REO/Bank Owned-18 or 10%, Short Sales-115 or 65%

Hollister-140 of which REO/Bank Owned-13 or 9%, Short Sales-97 or 69%

Absorption Rate

San Benito County-.51 months supply of inventory or 15-days

Hollister-.34 months supply of inventory or 10-days

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Solds for the Week: 5

High: $475,550  REO/Bank Owned, All CASH

Low:  $215,000 REO/Bank Owned, FHA Loan

Full-Price/Over-Asking: 3 or 6%

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Sale Type

REO/Bank Owned: 2 or 40%

Short Sale: 2 or 40%

Traditonal Sale: 1 or 20%

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Financing Type

All CASH: 2 or 40%

FHA Loan: 2 or 40%

USDA Loan: 1 or 20%

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