Hollister, San Benito County Real Estate Market Update for September 1st, 2012

Solds for the Week of 09-01-12

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-8 or 9%, Short Sales-15 or 17%
Hollister-46 of which REO/Bank Owned-6 or 13%, Short Sales-8 or 17%
Pendings
San Benito County-180 of which REO/Bank Owned-22 or 12%, Short Sales-111 or 62%
Hollister-145 of which REO/Bank Owned-17 or 12%, Short Sales-96 or 66%
Absorption Rate
San Benito County-.5 months supply of inventory or 15-Days
Hollister-.32 months supply of inventory or 9.5-Days
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Solds for the Week: 8
High: $1,425,000 Traditional Sale, New Conv. 1st
Low:  $186,500    REO/Bank Owned, All CASH
Full-Price/Over-Asking: 3 or 37.5%
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Sale Type
Traditional Sale: 6 or 75%
REO/Bank Owned: 2 or 25%
Short Sales: 0
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Financing Type
New Conv. 1st: 3 or 37.5%
FHA Loan: 3 or 37.5%
All CASH: 2 or 25
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Wow! Not one but two properties closed over a million bucks this week…….
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