Hollister, San Benito County Real Estate Market Update for the last 21 Days

Solds for the last 3 weeks 01-26-13

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

 

 

***  I looked at the sold’s for the last 3 weeks since I was sick on the 12th and then on the cruise ship the 19th.

Single Family Residential
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Actives:
San Benito County-51 of which REO/Bank Owned-1 or 2%, Short Sales-5 or 10%
Hollister-28 of which REO/Bank Owned-None, Short Sales-5 or 18%
Pendings:
San Benito County-148 of which REO/Bank Owned-14 or 9%, Short Sales-82 or 55%
Hollister-126 of which REO/Bank Owned-13 or 10%, Short Sales-71 or 56%
Absorption Rate:
San Benito County-.34 months supply of inventory or 10-days
Hollister-.22 months supply of inventory or 6.5-days
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Solds for the last 21 days: 19
High: $450,000, New Conv 1st, Traditional Sale
Low:  $125,000, New Conv 1st, Traditional Sale
Full-Price/Over-Asking: 11 or 58%
Average Square Footage: 1727sf
Average Sale Price: $289,211.00
Average Price/Square Foot: $172.00
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Sale Type
Traditional Sale: 13 or 68%
Short Sale: 6 or 32%
REO/Bank Owned: None
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Financing Type
FHA Loan: 8 or 43%
New Conv 1st: 7 or 37%
All Cash: 2 or 10%
VA Loan: 1 or 5%
USDA Loan: 1 or 5%
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Looks like our inventory has reached “historic lows” 
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