Hollister, San Benito County Real Estate Market Update for August 24, 2013

Solds for the Week of 08-24-13

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-91 of which REO/Bank Owned-3 or 3%, Short Sales-3 or 3%
Hollister-56 of which REO/Bank Owned-2 or 4%, Short Sales-3 or 11%
Pendings
San Benito County-101 of which REO/Bank Owned-2 or 2%, Short Sales-35 or 35%
Hollister-81 of which REO/Bank Owned-1 or 1%, Short Sales-29 or 36%
Absorption Rate
San Benito County- .90 months supply of inventory or 27-days
Hollister- .69 months supply of inventory or 21-days
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Solds for the Week: 9
High: $650,000 New Conv 1st, Regular Sale
Low:  $240,000 FHA Loan, Short Sale
Full-Price/Over-Asking: 6 or 67%
Average Square Footage: 2221sf
Average Price/Square Foot: $212.13/sf
Average Sale Price: $457,667.00
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Sale Type
Regular Sale: 6 or 67%
Short Sale: 3 or 33%
REO/Bank Owned: None
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Financing Type
New Conv 1st: 5 or 56%
FHA Loan: 2 or 22%
All CASH: 2 or 22%
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The slow down continues to crawl forward. We have not seen 90+ properties Active on the market in several years!
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