Hollister, San Benito County Real Estate Market Update for June 7th, 2014

Solds for the Week of 06-07-14

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-81 of which REO/Bank Owned-1 or 1%, Short Sales-None
Hollister-41 of which REO/Bank Owned-1 or 2%, Short Sales-None
Pendings
San Benito County-112 of which REO/Bank Owned-2 or 2%, Short Sales-22 or 20%
Hollister-88 of which REO/Bank Owned-2 or 3%, Short Sales-19 or 23%
Absorption Rate
San Benito County-.72 months supply of inventory or 22-days
Hollister-.47 months supply of inventory or 14-days
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Solds for the Week: 2
High: $660,000 FHA Loan, Regular Sale
Low:  $422,000 New Conv 1st, Regular Sale
Full-Price/Over-Asking: 1 or 50%
Average Days on Market: 28-days
Average Square Footage: 1850sf
Price/Square Foot: $294.38/sf
Average Sale Price: $541,000
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Sale Type
Regular Sale: 2 or 100%
REO/Bank Owned: None
Short Sales: None
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Financing Type
New Conv 1st: 1 or 50%
FHA Loan: 1 or 50%
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We are really flirting with uncharted territory with the low inventory!
If you know someone thinking about selling? Now would be a good time!
Prices are up and interest rates remain fabulous….
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