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

Solds for the Week of 07-13-13

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-71 of which REO/Bank Owned-2 or 3%, Short Sales-4 or 10%
Hollister-43 of which REO/Bank Owned-1 or 2%, Short Sales-1 or 2%
Pendings:
San Benito County-102 of which REO/Bank Owned-1 or 1%, Short Sales-46 or 45%
Hollister-87 of which REO/Bank Owned-None, Short Sales-41 or 47%
Absorption Rate:
San Benito County-.70 months supply of inventory or 21-days
Hollister-.50 months supply of inventory or 15-days
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Solds for the Week: 11
High: $1,000,000.00 Traditional Sale, New Conv 1st
Low:  $255,100.00 Short Sale, New Conv 1st
Full-Price/Over-Asking: 8 or 73%
Average Square Footage: 2812sf
Average Price/Square Foot: $185.51/sf
Average Sales Price: $513,500.00
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Sale Type
Traditional Sale: 8 or 73%
Short Sale: 2 or 18%
REO/Bank Owned: 1 or 9%
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Financing Type
New Conv 1st: 8 or 73%
All Cash: 2 or 18%
VA Loan: 1 or 9%
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Just a thought….could we be seeing the beginning of a new trend?
Inventory is up, rates are up…maybe a little micro-cooling of the market or
just a little summer market lull or just a glitch this week….only time will tell.

 

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