Hollister, San Benito County Real Estate Market Update for March 29, 2014

Solds for the Week of 03-29-14

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-None, Short Sales-None
Hollister-36 of which REO/Bank Owned-None, Short Sales-None
Pendings
San Benito County-103 of which REO/Bank Owned-3 or 3%, Short Sales-25 or 24%
Hollister-83 of which REO/Bank Owned-3 or 4%, Short Sales-21 or 25%
Absorption Rate
San Benito County-.74 months supply of inventory or 22-days
Hollister-.43 months supply of inventory or 13-days
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Solds for the Week: 10
High: $829,900, Regular Sale, All Cash (Tammy’s Sale!)
Low:  $355,000, Regular Sale, New Conv 1st
Full-Price/Over Asking: 4 or 40%
Average DOM: 50-days
Average Square Footage: 2361sf
Average Price/Square Foot: $211.29/sf
Average Sale Price: $484,090.00
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Sale Type
Regular Sale: 10 or 100%
REO/Bank Owned: None
Short Sales: None
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Financing Type
New Conv 1st: 6 or 60%
All Cash: 3 or 30%
FHA Loan: 1 or 10%
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20% of the Solds this week were Tammy’s including the high sale of the week, WTG!
Wow! Seller’s now is your time to cash in on the low inventory!!! I don’t recall the inventory
ever being as low as it is right now, only 36 single family homes…Something to think about…
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