Hollister, San Benito County Real Estate Market Update for October 5, 2013

Solds for the Week of 10-05-13

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-104 of which REO/Bank Owned-1 or 1%, Short Sales-9 or 9%
Hollister-61 of which REO/Bank Owned-1 or 2%, Short Sales-7 or 11%
Pendings
San Benito County-75 of which REO/Bank Owned-5 or 7%, Short Sales-22 or 29%
Hollister-62 of which REO/Bank Owned-3 or 5%, Short Sales-19 or 31%
Absorption Rate
San Benito County-1.39 months supply of inventory or 42-days
Hollister-.98 months supply of inventory or 29.5-days
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Solds for the Week: 13
High: $764,000 Regular Sale, VA Loan
Low:  $295,000, Regualr Sale, New Conv 1st
Full-Price/Over-Asking: 9 or 60%
Average Days on Market: 51
Average Square Footage: 2063sf
Average Price/Square Foot: $227/sf
Average Sale Price: $458,768.00
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Sale Type
Traditional Sale: 11 or 85%
Short Sales: 2 or 15%
REO/Bank Owned: None
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Financing Type
New Conv 1st: 6 or 46%
FHA Loan: 4 or 31%
All CASH: 1 or 7.5%
VA Loan: 1 or 7.5%
USDA Loan: 1 or 7.5%
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Interest rates improved this week but the slowdown continues.
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