Hollister, San Benito County Real Estate Market Update for December 6th, 2014

Solds for the Week of 12-06-14

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-109 of which REO/Bank Owned-6 or 6%, Short Sales-5 or 5%
Hollister-94 of which REO/Bank Owned-4 or 4%, Short Sales-4 or 4%
Pendings
San Benito County-85 of which REO/Bank Owned-1 or 1%, Short Sales-17 or 20%
Hollister-65 of which REO/Bank Owned-None, Short Sales-14 or 22%
Absorption Rate
San Benito County-1.28 month’s supply of inventory or 39-days
Hollister-1.44 month’s supply of inventory or 43-days
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Solds for the Week: 5
High: $830,000 Regular Sale, New Conv 1st
Low:  $235,000 Regular Sale, All CASH
Full-Price/Over-Asking: 2 or 40%
Average DOM: 71 days
Average Square Footage: 2093sf
Average Price/Square Foot: $221.81/sf
Average Sale Price: $459,776.00
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Sale Type
Regular Sale: 5 or 100%
REO/Bank Owned: None
Short Sales: None
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Financing Type
New Conv 1st: 4 or 80%
All CASH: 1 or 20%
FHA Loan: None
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Does anybody really believe the unemployment rate is 5.8%?
I don’t! When you un-cook the books and add in the people that have
left the workforce i.e. given up looking it’s more like 10-12%. Then there’s
the people that ran out of unemployment and managed to get transferred
over to permanent disability. They will never re-enter the workforce.
Why would they?