Hollister, San Benito County Real Estate Market Update for November 3, 2012

Solds for the Week of 11-03-12

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-79 of which REO/Bank Owned-5 or 6%, Short Sales-10 or 13%
Hollister-51 of which REO/Bank Owned-5 or 10%, Short Sales-8 or 16%
Pendings
San Benito County-172 of which REO/Bank Owned-14 or 8%, Short Sales-100 or 58%
Hollister-129 of which REO/Bank Owned-9 or 7%, Short Sales-82 or 64%
Absorption Rate
San Benito County-.46 months supply of inventory or 14-days
Hollister-.40 months supply of inventory or 12-days
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Solds for the Week: 11
High: $465,000 Short Sale, New Conv 1st
Low:  $169,000 Traditional Sale, New Conv 1st
Full-Price/Over-Asking: 8 or 73%
Average Sales Price: $282,308
Average Square Footage: 1810sf
Average Price/Square Foot: $166/sf
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Sale Type
Traditional Sale: 5 or 45.5%
Short Sale: 4 or 36.5%
REO/Bank Owned: 2 or 18%
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Financing Type
All CASH: 4 or 36.5%
New Conv 1st: 4 or 36.5%
FHA Loan: 2 or 18%
USDA Loan: 1 or 9%
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