Hollister, San Benito County Real Estate Market Update for July 20, 2013

Solds for the Week of 07-20-13

Official seal of County of San Benito
Official seal of County of San Benito (Photo credit: Wikipedia)

 

Single Family Residential

____________________________________________________
Actives
San Benito County-74 of which REO/Bank Owned-3 or 4%, Short Sales-2 or 3%
Hollister-47 of which REO/Bank Owned-2 or 4%, Short Sales-2 or 4%
Pendings
San Benito County-101 of which REO/Bank Owned-1 or 1%, Short Sales-46 or 46%
Hollister-82 of which REO/Bank Owned-none, Short Sales-40 or 49%
Absorption Rate
San Benito County-.73 months supply of inventory or 22-days
Hollister-.57 months supply of inventory or 17-days
____________________________________________________
Solds for the Week: 8
High: $576,000 Regular Sale, New Conv 1st
Low:  $230,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 8 or 100%
Average Square Footage: 1893sf
Average Price/Square Foot: $205/sf
Average Sales Price: $389,500
____________________________________________________
Sale Type
Regular Sale: 6 or 75%
Short Sale: 2 or 25%
REO/Bank Owned: None
____________________________________________________
Financing Type
New Conv 1st: 4 or 50%
FHA Loan: 2 or 25%
VA Loan: 1 or 12.5%
USDA Loan: 1 or 12.5%
____________________________________________________
Wow! 2 of the Solds this week are Janet’s!! That’s 25% of the Solds. WTG Janet
Inventory continues to creep up so again I have to wonder if it’s the increase in Interest Rates of the last month or is it part of the mid-summer lull in the market that we see every summer….Guess only time will tell.
Enhanced by Zemanta