Hollister, San Benito County Real Estate Market Update for November 2, 2013

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

Solds for the Week of 11-02-13

 

Single Family Residential

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Actives
San Benito County-82 of which REO/Bank Owned-1 or 1%, Short Sales-5 or 6%
Hollister-46 of which REO/Bank Owned-1 or 2%, Short Sales-3 or 7%
Pendings
San Benito County-88 of which REO/Bank Owned-3 or 3%, Short Sales-27 or 31%
Hollister-68 of which REO/Bank Owned-2 or 3%, Short Sales-23 or 34%
Absorption Rate
San Benito County-.93 months supply of inventory or 28-days
Hollister-.68 months supply of inventory or 20-days
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Solds for the Week: 8
High: $569,000 New Conv 1st, Regular Sale
Low:  $236,000 New Conv 1st, Regular Sale
Full-Price/Over-Asking: 3 or 38%
Average DOM: 89-days
Average Square Footage: 1914sf
Average Price/Square Foot: $217/sf
Average Sale Price: $388,750.00
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Sale Type
Traditional Sale: 7 or 88%
REO/Bank Owned: 1 or 12%
Short Sale: None
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Financing Type
New Conv 1st: 6 or 75%
FHA Loan: 2 or 25%
All Cash: None

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Our absoprtion rate is back under a one month supply of inventory……
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