Hollister, San Benito County Real Estate Market Update for September 14, 2013

Solds for the Week of 09-14-13

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-94 of which REO/Bank Owned-2 or 2%, Short Sales-4 or 4%
Hollister-58 of which REO/Bank Owned-1 or 2%, Short Sales-4 or 7%
Pendings
San Benito County-92 of which REO/Bank Owned-4 or 4%, Short Sales-29 or 32%
Hollister-74 of which REO/Bank Owned-3 or 4%, Short Sales-24 or 32%
Absorption Rate
San Benito County-1.02 months supply of inventory
Hollister-.78 months supply of inventory or 24-days
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Solds for the Week: 5
High: $749,000 Regular Sale, New Conv 1st
Low:  $270,000 Short Sale, USDA Loan
Full-Price/Over-Asking: 1 or 20%
Average Square Footage: 2001/sf
Average Price/Square Foot: $254.73/sf
Average Sales Price: $490,800.00
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Sale Type
Regular Sale: 4 or 80%
Short Sales: 1 or 20%
REO/Bank Owned: None
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Financing Type
FHA Loan: 2 or 40%
New Conv 1st: 1 or 20%
USDA Loan: 1 or 20%
All Cash: 1 or 20%
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Wow! For the first time in I can’t remember how long….we broke a one month supply of inventory for Single Family Residential for the county.

 

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