Hollister, San Benito County Real Estate Market Update for July 19th, 2014

Solds for the Week of 07-19-14

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-114 of which REO/Bank Owned-3 or 3%, Short Sales-2 or 2%
Hollister-60 of which REO/Bank Owned-3 or 5%, Short Sales-1 or 2%
Pendings
San Benito County-88 of which REO/Bank Owned-3 or 3%, Short Sales-23 or 26%
Hollister-67 of which REO/Bank Owned-3 or 4%, Short Sales-20 or 30%
Absorption Rate
San Benito County-1.29 months supply of inventory or 39-days
Hollister-.89 months supply of inventory or 27-days
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Solds for the Week: 7
High: $550,000 REO/Bank Owned, New Conv 1st
Low:  $295,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 3 or 46%
Average DOM: 42-days
Average Square Footage: 1864sf
Average Price/Square Foot: $221.66/sf
Average Sale Price: $397,471
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Sale Type
Regular Sale: 5 or 72%
REO/Bank Owned: 1 or 14%
Short Sale: 1 or 14%
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Financing Type
New Conv 1st: 3 or 43%
FHA Loan: 3 or 43%
All Cash: 1 or 14%
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 Nice! Our office had 28% of the sold’s this week