Hollister, San Benito County Real Estate Market Update for May 10th, 2014

Solds for the Week of 05-10-14

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

 

Single Family Residential

________________________________
Actives
San Benito County-101 of which REO/Bank Owned-2 or 2%, Short Sales-2 or 2%
Hollister-58 of which REO/Bank Owned-2 or 3%, Short Sales-2 or 3%
Pendings
San Benito County-90 of which REO/Bank Owned-1 or 1%, Short Sales-20 or 22%
Hollister-70 of which REO/Bank Owned-1 or 1%, Short Sales-18 or 26%
Absorption Rate
San Benito County-1.12 months supply of inventory or 34-days
Hollister-.82 months supply of inventory or 25-days
________________________________
Solds for the Week: 5
High: $450,000 Regular Sale, All Cash
Low: $250,000 Short Sale, USDA Loan?
Full-Price/Over-Asking: 4 or 80%
Average DOM: 33-days
Average Square Footage: 1724sf
Average Price/Square Foot: $219.72/sf
Average Sale Price: $356,000
________________________________
Sale Type
Regular Sale: 3 or 60%
REO/Bank Owned: 1 or 20%
Short Sales: 1 or 20%
________________________________
Financing Type
All Cash: 2 or 40%
New Conv 1st: 1 or 20%
USDA Loan: 1 or 20%
Seller Carried Note: 1 or 20%
_______________________________
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Hollister, San Benito County Real Estate Market Update for May 3rd, 2014

Solds for the Week of 05-03-14

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

 

Single Family Residential

__________________________________
Actives
San Benito County-95 of which REO/Bank Owned-1 or 1%, Short Sales-2 or 2%
Hollister-53 of which REO/Bank Owned-1 or 1%, Short Sales-2 or 4%
Pendings
San Benito County-88 of which REO/Bank Owned-2 or 2%, Short Sales-20 or 23%
Hollister-70 of which REO/Bank Owned-2 or 3%, Short Sales-18 or 26%
Absorption Rate
San Benito County-1.1 months supply of inventory or 32-days
Hollister-.75 month supply of inventory or 23-days
_________________________________
Solds for the Week: 13
High: $879,950 Regular Sale, New Conv 1st
Low:  $315,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 4 or 30%
Average DOM: 38-days
Average Square Footage: 2185sf
Average Price/Square Foot: $233.33/sf
Average Sale Price: $491.03/sf
_________________________________
Sale Type
Regular Sale: 13 or 100%
REO/Bank Owned: None
Short Sales: None
_________________________________
Financing Type
New Conv 1st: 6 or 46%
All Cash: 3 or 23%
FHA Loan: 2 or 15%
VA Loan: 1 or 8%
USDA Loan: 1 or 8%
_________________________________
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Hollister, San Benito County Real Estate Market Update for April 26, 2014

Solds for the Week of 04-26-14

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

 

Single Family Residential

________________________________
Actives
San Benito County-95 of which REO/Bank Owned-1 or 1%, Short Sales-1 or 1%
Hollister-54 of which REO/Bank Owned-1 or 2%, Short Sales-1 or 2%
Pendings
San Benito County-96 of which REO/Bank Owned-2 or 2%, Short Sales-19 or 20%
Hollister-75 of which REO/Bank Owned-2 or 3%, Short Sales-17 or 23%
Absorption Rate
San Benito County-.99 months supply of inventory or 30-days
Hollister-.72 months supply of inventory or 22-days
_______________________________
Solds for the Week: 10
High: $905,000 Regular Sale, New Conv 1st
Low:  $225,000 Regular Sale, All Cash
Full-Price/Over-Asking: 3 or 30%
Average DOM: 196-days (numbers are skewed because 1 property shows 1659-DOM)
Average Square Footage: 1922sf
Average Price/Square Foot: $286.39/sf
Average Sales Price: $530,300
_______________________________
Sale Type
Regular Sale: 10 or 100%
REO/Bank Owned: None
Short Sales: None
_______________________________
Financing Type
New Conv 1st: 8 or 80%
All Cash: 2 or 20%
_______________________________

 

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Hollister, San Benito County Real Estate Market Update for March 22, 2014

Solds for the Week of 03-22-14

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-1 or 1%, Short Sales-1 or 1%

 

Hollister-49 of which REO/Bank Owned-1 -or 2%, Short Sales-1 or 1%

 

 

Pendings

 

San Benito County-100 of which REO/Bank Owned-2 or 2%, Short Sales-24 or 24%

 

Hollister-74 of which REO/Bank Owned-2 or 3%, Short Sales-20 or 27%

 

 

Absorption Rate

 

San Benito County-.81 months supply of inventory or 24-days

 

Hollister-..66 months supply of inventory or 20-days

 

_________________________________

 

Solds for the Week: 4

 

High: $825,000 Regular Sale, All Cash

 

Low: $300,000 Regular Sale, New Conv 1st

 

Full-Price/Over-Asking: 2 or 50%

 

Average DOM: 51 days

 

Average Square Footage: 2792 sf

 

Average Price/Square Foot: $256.13/sf

 

Average Sales Price: $576,625.00

 

________________________________

 

Sale Type

 

Regular Sale: 4 or 100%

 

REO/Bank Owned: None

 

Short Sale: None

 

________________________________

 

Financing Type

 

New Conv 1st: 2 or 50%

 

FHA Loan: 1 or 25%

 

All Cash: 1 or 25%

 

________________________________
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Hollister, San Benito County Real Estate Market Update for February 8th, 2014

Solds for the Week of 02-08-14

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

 

 

 

 

 

 

Single Family Residential

 

___________________________________

 

Actives

 

San Benito County-75 of which REO/Bank Owned-2 or 3%, Short Sales-3 or 4%

 

Hollister-44 of which REO/Bank Owned-2 or 5%, Short Sales-2 or 5%

Pendings
San Benito County-89 of which REO/Bank Owned-None, Short Sales-24 or 27%
Hollister-67 of which REO/Bank Owned-None, Short Sales-19 or 28%
Absorption Rate
San Benito County-.84 months supply of inventory or 25-days
Hollister-.65 months supply of inventory or 20-days
__________________________________
Solds for the Week: 5
High: $685,900 Regular Sale, New Conv 1st
Low:  $399,000 Regular Sale, VA Loan
Full-Price/Over-Asking: 4 or 80%
Average DOM: 61-days
Average Square Footage: 2178sf
Average Price/Square Foot: $246.29/sf
Average Sales Price: $537,148.00
__________________________________
Sale Type
Traditional Sale:4 or 80%
Short Sale: 1 or 20%
REO/Bank Owneds: None
__________________________________
Financing Type
New Conv 1st: 3 or 60%
FHA Loan: 1 or 20%
VA Loan: 1 or 20%
_________________________________
Seller’s where are you?
Multiple offer’s are making a come back if you get the price right!
No multiple offer’s….you didn’t get the price right 
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Hollister, San Benito County Real Estate Market Update for February 01,2014

Solds for the Week of 02-01-14

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

 

Single Family Residential

___________________________________
Actives
San Benito County-74 of which REO/Bank Owned-1 or 1%, Short Sales-3 or 4%
Hollister-38 of which REO/Bank Owned-1 or 3%, Short Sales-1 or 3%
Pendings
San Benito County-87 of which REO/Bank Owned-None, Short Sales-28 or 32%
Hollister-66 of which REO/Bank Owned-None, Short Sales-23 or 35%
Absorption Rate
San Benito County-.85 months supply of inventory or 26-days
Hollister-.56 months supply of inventory or 17-days
__________________________________
Solds for the Week: 8
High: $393,000 Regular Sale, All Cash
Low:  $200,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 6 or 75%
Average DOM: 21 days
Average Square Footage: 1347sf
Average Price/Square Foot: $235.31/sf
Average Sales Price: $313,500
__________________________________
Sale Type
Regular Sale: 7 or 87.5%
Short Sale: 1 or 12.5%
__________________________________
Financing Type
New Conv 1st: 3 or 37.5%
All Cash: 2 or 25%
FHA Loan: 2 or 25%
VA Loan: 1 or 12.5%
_________________________________
The inventory has been low for years now but this is
really, really low!!!! Calling all Seller’s…NOW would be
a good time. 
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Hollister, San Benito County Real Estate Market Update for January 25th, 2014

Solds for the Week of 01-25-14

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

 

Single Family Residential

_____________________________________
Actives
San Benito County-79 of which REO/Bank Owned-None, Short Sales-2 or 3%
Hollister–40 of which REO/Bank Owned-None, Short Sales-1 or 3%
Pendings
San Benito County-90 of which REO/Bank Owned-None, Short Sales-31 or 34%
Hollister-72 of which REO/Bank Owned-None, Short Sales-25 or 35%
Absorption Rate
San Benito County-.88 months supply of inventory or 26-days
Hollister-.56 months supply of inventory or 17-days
____________________________________
Solds for the Week: 6
High: $689,000 Regular Sale, VA Loan
Low:  $419,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 1 or 17%
Average DOM: 66 days
Average Square Footage: 2418sf
Average Price/Square Foot: $212.76/sf
Average Sales Price: $495,817.00
____________________________________
Sale Type
Regular Sale: 6 or 100%
REO/Bank Owned: None
Short Sale: None
____________________________________
Financing Type
New Conv 1st: 4 or 66%
FHA Loan: 1 or 17%
VA Loan: 1 or 17%
____________________________________
Wow! Inventory seems to be shrinking for the moment.
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Hollister, San Benito County Real Estate Market Update for 01-18-14

Solds for the Week of 01-18-14

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

 

Single Family Residential

_______________________________________
Actives
San Benito County-88 of which REO/Bank Owned-None, Short Sales-3 or 3%
Hollister-49 of which REO/Bank Owned-None, Short Sales-1 or 2%
Pendings
San Benito County-84 of which REO/Bank Owned-None, Short Sales-30 or 36%
Hollister-69 of which REO/Bank Owned-None, Short Sales-25 or 36%
Absorption Rate
San Benito County-1.04 months supply of inventory or 31-days
Hollister-.71 months supply of inventory or 21-days
______________________________________
Solds for the Week: 5
High: $750,000  Regular Sale, New Conv 1st
Low:  $203,000  Regular Sale, All Cash
Full-Price/Over-Asking: 1 or 20%
Average DOM: 74
Average Square Footage: 2217sf
Average Price/Square Foot: $238.09/sf
Average Sales Price: $504,200.00
______________________________________
Sale Type
Regular Sale: 5 or 100%
REO/Bank Owned: None
Short Sales: None
______________________________________
Financing Type
New Conv 1st: 3 or 60%
All Cash: 1 or 20%
Other: 1 or 20%
FHA Loan: None
VA Loan: None
USDA Loan: None
_____________________________________
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Hollister, San Benito County Real Estate Market Update for January 11, 2014

Solds for the Week of 01-11-14

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

 

Single Family Residential

______________________________________
Actives
San Benito County-92 of which REO/Bank Owned-None, Short Sales-6 or 7%
Hollister-56 of which REO/Bank Owned-None, Short Sales-4 or 7%
Pendings
San Benito County-81 of which REO/Bank Owned-None, Short Sales-26 or 32%
Hollister-63 of which REO/Bank Owned-None, Short Sales-21 or 33%
Absorption Rate
San Benito County-.1.14 months supply of inventory or 34-days
Hollister-.88 months supply of inventory or 27-days
_____________________________________
Solds for the Week: 6
High: $800,000 Short Sale, All Cash
Low:  $270,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 4 or 67%
Average DOM: 67-days
Average Square Footage: 1937sf
Average Price/Sq Foot: $275/sf
Average Sales Price: $507,000
_____________________________________
Sale Type
Regular Sale: 4 or 67%
Short Sales: 2 or 33%
REO/Bank Owned: None
_____________________________________
Financing Type
New Conv 1st: 4 or 67%
All Cash: 2 or 33%
____________________________________
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Hollister, San Benito County Real Estate Market Update for January 4th, 2014

Solds for the Week of 01-04-14

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

 

Single Family Residential

______________________________________
Actives
San Benito County-79 of which REO/Bank Owned-None, Short Sales-5 or 6%
Hollister-44 of which REO/Bank Owned-None, Short Sales-3 or 7%
Pendings
San Benito County-88 of which REO/Bank Owned-None, Short Sales-30 or 34%
Hollister-67 of which REO/Bank Onwed-None, Short Sales-24 or 36%
Absorption Rate
San Benito County-.90 months supply of inventory or 27-days
Hollister-.65 months supply of inventory or 20-days
______________________________________
Solds for the Week: 8
High: $711,000 Regular Sale, All CASH
Low:  $190,000 Regular Sale, All CASH
Full-Price/Over-Asking: 1 or 12.5%
Average DOM: 76 days
Average Square Footage: 2506sf
Average Price/Square Foot: $184.80
Average Sales Price: $443,850
______________________________________
Sale Type
Regular Sale: 6 or 75%
REO/Bank Owned: 1 or 12.5%
Short Sale: 1 or 12.5%
______________________________________
Financing Type
All CASH: 5 or 62.5%
New Conv 1st: 2 or 25%
FHA Loan: 1 or 12.5
_____________________________________

Wow! That’s all you can say is  WOW…CASH was KING
this week. I’ve never seen such a high percentage of
transactions close with ALL CASH deals!!!
FYI~It’s been YEARS! since we’ve had no Active or Pending
REO/Bank Owned properties on the market.
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