Hollister, San Benito County Real Estate Market Update for March 16, 2013

Solds for the Week of 03-16-13

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

 

Single Family Residential

_____________________________________________________________________
Actives
San Benito County-53 of which REO/Bank Owned-2 or 4%, Short Sales-0
Hollister-33 of which REO/Bank Owned-1 or 3%, Short Sales-0
Pendings
San Benito County-140 of which REO/Bank Owned-8 or 6%, Short Sales-72 or 51%
Hollister-111 of which REO/Bank Owned-5 or 5%, Short Sales-64 of 58%
Absorption Rate
San Benito County-.38 months supply of inventory or 11-Days
Hollister-.30 months supply of inventory or 9-Days
_____________________________________________________________________
Solds for the Week: 7
High: $454,000 Traditional Sale, All Cash
Low:  $250,000 Traditional Sale, FHA Loan
Full-Price/Over-Asking: 7 or 100%
Average Sq Ft: 1894
Average Sales Price: $338,129.00
Average Price/Sq Ft: $179.00
_____________________________________________________________________
Sale Type
Traditional Sale: 5 or 71%
Short Sale: 2 or 29%
____________________________________________________________________
Financing Type
FHA Loan: 4 or 57%
All Cash: 2 or 29%
USDA Loan: 1 or 14%
____________________________________________________________________
Wow! This week is a another first since I started tracking our weekly market stat’s. Every property that sold closed for full-price or over-asking!
2 were full-price and 5 were over-asking. How much over? As little as $112 and as much as $49,000! for a 1750sf 4/2 house on Summer Dr, really? All Cash Sale and 16% over list price, WOW! WOW! WOW!
Enhanced by Zemanta