Hollister, San Benito County Real Estate Market Update for June 29th, 2013

Solds for the Week of 06-29-13

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-3 or 5%, Short Sales-2 or 3%
Hollister-38 of which REO/Bank Owned-1 or 3%, Short Sales-2 or 5%
Pendings
San Benito County-118 of which REO/Bank Owned-2 or 2%, Short Sales-52 or 44%
Hollister-96 of which REO/Bank Owned-1 or 1%, Short Sales-44 or 46
Absorption Rate
San Benito County-.52 months supply of inventory or 16-days
Hollister-.40 months supply of inventory or 12-days
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Solds for the Week: 3
High: $370,000 Short Sale, New Conv 1st
Low:  $190,000 Short Sale, All Cash
Full-Price/Over-Asking: 3 or 100%
Average Square Footage: 1438sf
Average Price/Square Foot: $190.22
Average Sales Price: $278,333.00
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Sale Type
Short Sales: 2 or 66.6%
Traditional Sale: 1 or 33.3%
REO/Bank Owned: None
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Financing Type
New Conv. 1st: 2 or 66.6%
All Cash: 1 or 33.3%
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Got a call last night from an appraiser. Needed to know a “Pending Sale” Price. He said they’re are finding they need to check on “Pending Sale” Prices to support increasing values in the marketplace. He said most “Pending Sales” have a sale price higher then their list price and they can use that info to support the movement of the market upward.
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