Hollister, San Benito County Real Estate Market Update for June 14, 2014

Solds for the Week of 06-14-14

Official seal of County of San Benito
Official seal of County of San Benito (Photo credit: Wikipedia)

 

Single Family Residential

_______________________________
Actives
San Benito County-81 of which REO/Bank Owned-2 or 3%, Short Sales-None
Hollister-39 of which REO/Bank Owned-2 or 5%, Short Sales-None
Pendings
San Benito County-112 of which REO/Bank Owned-2 or 2%, Short Sales-20 or 18%
Hollister-87 of which REO/Bank Owned-2 or 2%, Short Sales-17 or 20%
Absorption Rate
San Benito County-.72 months supply of inventory or 22-days
Hollister-.45 months supply of inventory or 13-days
______________________________
Solds for the Week: 10
High: $1,375,000 Regular Sale, All Cash
Low:  $315,000 Short Sale, New Conv 1st
Full-Price/Over-Asking: 5 or 50%
Average DOM: 60-days
Average Square Footage: 1868sf
Average Price/Square Foot: $263.69/sf
Average Sale Price: $486,190.00
______________________________
Sale Type
Regular Sale: 8 or 80%
Short Sale: 2 or 20%
REO/Bank Owned: None
_____________________________
Financing Type
New Conv 1st: 5 or 50%
All Cash: 3 or 30%
FHA Loan: 2 or 20%
_____________________________
Can’t remember how long it’s been since the
inventory in Hollister dipped into the 30’s…..
If you’re thinking of selling now is good time!
You won’t have much competition.