Hollister, San Benito County Real Estate Market Update for October 27, 2012

Solds for the Week of 10-27-12

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-84 of which REO/Bank Owned-4 or 5%, Short Sales-14 or 17%
Hollister-51 of which REO/Bank Owned-4 or 8%, Short Sales-9 or 18%
Pendings
San Benito County-173 of which REO/Bank Owned-17 or 10%, Short Sales-99 or 57%
Hollister-133 of which REO/Bank Owned-12 or 9%, Short Sales-82 or 62%
Absorption Rate
San Benito County-.49 months supply of inventory or 14.5-days
Hollister-.38 months supply of inventory or 11.5-days
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Solds for the Week: 11
High: $485,079  REO/Bank Owned, New Conv. 1st
Low:  $199,800  Short Sale, New Conv, 1st
Full-Price/Over-Asking: 8 or 73%
Average Sales Price: $327,680
Average Price/Square Foot: $152
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Sale Type
Short Sales: 6 or 55%
Traditional Sale: 3 or 27%
REO/Bank Owned: 2 or 18%
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Financing Type
New Conv. 1st: 4 or 36%
FHA Loan: 4 or 36%
VA Loan: 2 or 18%
All CASH: 1 or 9%
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