Hollister, San Benito County Real Estate Market Update for March 30, 2013

Solds for the Week of 03-30-13

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-62 of which REO/Bank Owned-4 or 6%, Short Sales-4 or 6%
Hollister-42 of which REO/Bank Owned-3 or 7%, Short Sales-3 or 7%
Pendings
San Benito County-129 of which REO/Bank Owned-7 or 5%, Short Sales-61 or 46%
Hollister-101 of which REO/Bank Owned-5 or 5%, Short Sales-54 or 53%
Absorption Rate
San Benito County-.48 months supply of inventory or 14-days
Hollister-.41 months supply of inventory or 12-days
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Solds for the Week: 16
High: $760,000 REO sold at auction, All Cash (Actual Price Paid $798,0000 buyer had to pay 5% auction commission)
Low:  $150,000 REO, All Cash
Full-Price/Over-Asking: 12 or 75% (1 property sold for 17% over list price for all cash)
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Sale Type
Traditional Sale-7 or 44%
Short Sale-5 or 31%
REO/Bank Owned-4 or 25%
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Financing Type
All Cash: 7 or 44%
New Conv. 1st: 6 or 37.5%
FHA Loan: 2 or 12.5%
VA Loan: 1 or 6%
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This week CASH was still king! Properties that sold for over list priced were anywhere from $5000 to $50,000 yes $50,000 over list!!!
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