Hollister, San Benito County Real Estate Market Update for November 23, 2013

Solds for the Week of 11-23-13

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-90 of which REO/Bank Owned-1 or 1%, Short Sales-9 or 10%
Hollister-52 of which REO/Bank Owned-1 or 2%, Short Sales-7 or 14%
Pendings
San Benito County-85 of which REO/Bank Owned-2 or 2%, Short Sales-28 or 33%
Hollister-60 of which REO/Bank Owned-1 or 2%, Short Sales-22 or 37%
Absorption Rate
San Benito County-1.05 months supply of inventory or 32-days
Hollister-.87 months supply of inventory or 26-days
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Solds for the Week: 14
High: $810,500 Regular Sale, VA Loan
Low:  $277,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 8 or 57%
Average DOM: 47
Average Square Footage: 2068sf
Average Price/Square Foot: $226.39
Average Sale Price: $457,671.00
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Sale Type
Regular Sale: 11 or 79%
Short Sale: 3 or 21%
REO/Bank Owned: None
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Financing Type
FHA Loan: 5 or 36%
New Conv 1st: 4 or 29%
All CASH: 3 or 21%
VA Loan: 2 or 14%
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Big week for closed transactions…
Seems there’s more room for VA borrowers in the marketplace lately since
we’re not seeing as many multiple offer situations.
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