Hollister, San Benito County Real Estate Market Update for April 13, 2013

Solds for the Week of 04-13-13

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-68 of which REO/Bank Owned-5 or 7%, Short Sales-5 or 7%
Hollister-45 of which REO/Bank Owned-3 or 7%, Short Sales-5 or 11%
Pendings
San Benito County-137 of which REO/Bank Owned-3 or 2%, Short Sales-63 or 46%
Hollister-107 of which REO/Bank Owned-3 or 3%, Short Sales-54 or 50%
Absorption Rate
San Benito County-.50 months supply of inventory or 15-Days
Hollister-.42 months supply of inventory or 13-Days
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Solds for the Week: 6
High: $825,000 New Conv 1st, Regular Sale
Low:  $230,000 New Conv 1st, Regular Sale
Full-Price/Over-Asking: 3 or 50%
Average Square Footage: 2529sf
Average Price/Square Foot: $205/sf
Average Sales Price: $514,667.00
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Sale Type
Traditional Sale: 6 or 100%
New Conv 1st: none
FHA Loan: none
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Financing Type
FHA Loan: 3 or 50%
New Conv 1st: 2 or 33%
Cash: 1 or 17%
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Well, Cash remains king in the marketplace. Every buyer has a chance in the until the
cash buyer shows up! My neighbors house came on the market this past week. Priced quite
high for the square footage and condition. Felt like I spent all day there showing to my 2 buyer’s
looking for horse property. Tammy showed it to her buyers too. They wanted to write an offer
however the listing agent said never mind I already have an over-list price cash offer…and the
ever popular 20-day close for a cash deal. Thank new neighbor for driving up my property value
about $100,000 like that over night! Maybe NOW I can do a refi……
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