Hollister, San Benito County Real Estate Market Update for January 4th, 2014

Solds for the Week of 01-04-14

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-79 of which REO/Bank Owned-None, Short Sales-5 or 6%
Hollister-44 of which REO/Bank Owned-None, Short Sales-3 or 7%
Pendings
San Benito County-88 of which REO/Bank Owned-None, Short Sales-30 or 34%
Hollister-67 of which REO/Bank Onwed-None, Short Sales-24 or 36%
Absorption Rate
San Benito County-.90 months supply of inventory or 27-days
Hollister-.65 months supply of inventory or 20-days
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Solds for the Week: 8
High: $711,000 Regular Sale, All CASH
Low:  $190,000 Regular Sale, All CASH
Full-Price/Over-Asking: 1 or 12.5%
Average DOM: 76 days
Average Square Footage: 2506sf
Average Price/Square Foot: $184.80
Average Sales Price: $443,850
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Sale Type
Regular Sale: 6 or 75%
REO/Bank Owned: 1 or 12.5%
Short Sale: 1 or 12.5%
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Financing Type
All CASH: 5 or 62.5%
New Conv 1st: 2 or 25%
FHA Loan: 1 or 12.5
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Wow! That’s all you can say is  WOW…CASH was KING
this week. I’ve never seen such a high percentage of
transactions close with ALL CASH deals!!!
FYI~It’s been YEARS! since we’ve had no Active or Pending
REO/Bank Owned properties on the market.
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