Hollister, San Benito County Real Estate Market Update for May 11th, 2013

Solds for the Week of 05-11-13

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-57 of which REO/Bank Owned-None, Short Sales-4 or 7%
Hollister-36 of which REO/Bank Owned-None, Short Sales-3 or 8%
Pendings
San Benito County-139 of which REO/Bank Owned-8 or 17%, Short Sales-63 or 45%
Hollister-109 of which REO/Bank Owned-5 or 46%, Short Sales-50%
Absorption Rate
San Benito County-.41 months supply of inventory or 12-days
Hollister-.33 months supply of inventory or 10-days
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Solds for the Week: 7
High: $810,000 Traditional Sale, New Conv 1st
Low:  $180,000 Traditional Sale, New Conv 1st
Full-Price/Over-Asking: 3 or 43%
Average Sales Price: $465,986.00
Average Price/Square Foot: $222.00
Average Square Footage: 2129sf
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Sale Type
Traditional Sale: 7 or 100%
REO/Bank Owned: None
Short Sales: None
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Financing Type
New Conv. 1st: 4 or 57%
FHA Loan: 3 or 43%
All CASH: None
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Wow! Another week with NO Active REO/Bank Owned owned properties on the market. Every Sale this week was a Traditional Sale. No Short Sales or REO/Bank Owned closings…that’s a first! Another oddity, No CASH deals this week!
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