Hollister, San Benito County Real Estate Market Update for February 15th, 2014

Solds for the Week of 02-15-14

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-76 of which REO/Bank Owned-2 or 3%, Short Sales-5 or 7%
Hollister-44 of which REO/Bank Owned-2 or 5%, Short Sale-3 or 7%
Pendings
San Benito County-84 of which REO/Bank Owned-None, Short Sales-22 or 26%.
Hollister-60 of which REO/Bank Owned-None, Short Sales-18 or 30%
Absorption Rate
San Benito County-.90 months supply of inventory or 27-days
Hollister-.73 months supply of inventory or 22-days
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Solds for the Week: 8
High: $815,000 Regular Sale, All Cash
Low:  $147,000 Regular Sale, All Cash
Full-Price/Over-Asking: 2 or 25%
Average DOM: 85-days
Average Square Footage: 1630sf
Average Price/Square Foot: $219.48/sf
Average Sales Price: $353,125.00
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Sale Type
Regular Sale: 8 or 100%
REO/Bank Owned: None
Short Sales: None
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Financing Type
All CASH: 5 or 62.5%
FHA Loan: 3 or 37.5%
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Wow! What a weird week of closings…
CASH really is king 
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