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Hollister, San Benito County Real Estate Market Update for May 18, 2012

Saturday, May 19, 2012 | Comments Off

 

Official seal of County of San Benito

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

Solds_for_the_week_05-19-12[1]

Single Family Residential
___________________________________________________________
Actives
San Benito County-82 of which REO/Bank Owned-14 or 17%, Short Sales-12 or 15%
Hollister-41 of which REO/Bank Owned-11 or 27%, Short Sales-10 or 24%
 
Pendings
San Benito County-192 of which REO/Bank Owned-28 or 15%, Short Sales-123 or 64%
Hollister-159 of which REO/Bank Owned-20 or 13%, Short Sales-104 or 65%
 
Absorption Rate
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.26 months supply of inventory or 8-Days
___________________________________________________________
Solds for the Week: 8
High: $1,000,000  New Conv 1st, Traditional Sale
Low:  $212,000     FHA Loan, REO/Bank Owned
Full-Price/Over-Asking: 6 or 75%
____________________________________________________________
Sale Type
Traditional Sale-3 or 37.5%
Short Sale-3 or 37.5%
REO/Bank Owned-2 or 25%
____________________________________________________________
Financing Type
New Conv 1st-5 or 62.5%
FHA Loan-3 or 37/5%
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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales, Working By Referral

Hollister, San Benito County Real Estate Market Update for May 12, 2012

Saturday, May 12, 2012 | Comments Off

Solds_for_the_week_05-12-12[1]

Single Family Residential
_______________________________________________________
Actives:
San Benito County-82 of which REO/Bank Owned-13 or 16%, Short Sales-13 or 16%
Hollister-43 of which REO/Bank Owned-9 or 21%, Short Sales-12 or 28%
 
Pendings:
San Benito County-191 of which REO/Bank Owned-29 or 15%, Short Sales-121 or 63%
Hollister-157 of which REO/Bank Owned-21 or 13%, Short Sales-102 or 65%
 
Absorption Rate:
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.27 months supply of inventory or 8-Days
_______________________________________________________
Solds for the week: 9
High:$480,000  FHA Loan, Traditional Sale (new construction)
Low: $185,400 FHA Loan, Traditional Sale
Full-Price/Over-Asking: 5 or 55%
_______________________________________________________
Sale Type:
Traditional Sale-5 or 55%
Short Sale-3 or 33%
REO/Bank Owned-1 or 11%
_______________________________________________________
Financing Type:
FHA Loan-5 or 55%
New Conv 1st-3 or 33%
All CASH-1 or 11%

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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales

Hollister, San Benito County Real Estate Market Update for May 5, 2012

Saturday, May 5, 2012 | Comments Off

Solds_for_the_week_of_05-05-12[1]

Single Family Residential
_______________________________________________________
Actives:
San Benito County-78 of which REO/Bank Owned-9 or 11.5%, Short Sales-15 or 19%
Hollister-42 or which REO/Bank Owned-7 or 17%, Short Sales-14 or 33%
 
Pendings:
San Benito County-195 of which REO/Bank Owned-30 or 15%, Short Sales-121 or 62%
Hollister-161 of which REO/Bank Owned-21 or 13%, Short Sales-104 or 65%
 
Absorption Rate:
San Benito County-.4 months supply of inventory or 12-Days
Hollister-.26 months supply of inventory or 7.8-Days
_______________________________________________________
Solds for the Week: 17
High: $570,000 REO/Bank Owned, New Conv 1st
Low:  $162,500, REO/Bank Owned, All CASH
Full-Price/Over-Asking: 9 or 53%
_______________________________________________________
Sale Type:
REO/Bank Owned-8 or 47%
Traditional Sale-6 or 35%
Short Sales-3 or 18
_______________________________________________________
Financing Type:
New Conv 1st-6 or 35%
FHA Loan-5 or 29%
USDA Loan-24%
VA Loan-1 or 6%
All CASH-1 or 6%

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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales, Working By Referral

Hollister, San Benito County Real Estate Market Update for April 28, 2012

Saturday, April 28, 2012 | Comments Off

Solds_for_the_week_04-28-12[1]

Single Family Residential
_________________________________________________________________
Actives:
San Benito County-80 of which REO/Bank Owned-11 or 14%, Short Sales-17 or 21%
Hollister-43 of which REO/Bank Owned-7 or 16%, Short Sales-14 or 33%
 
Pendings:
San Benito County-208 of which REO/Bank Owned-38 or 18%, Short Sales-123 or 59%
Hollister-172 of which REO/Bank Owned-27 or 16%, Short Sales-108 or 63%
 
Absorption Rate:
San Benito County-.38 months supply of inventory or 11.5 Days
Hollister-.25 months supply of inventory or 7.5 Days
_________________________________________________________________
Solds for the Week: 8
High: $760,000 Short Sale, New Conv 1st
Low:  $170,100 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 4 or 50%
_________________________________________________________________
Sale Type:
Short Sale-3 or 37.5%
Traditional Sale-3 or 37.5%
REO/Bank Owned-2 or 25%
_________________________________________________________________
Financing Type:
New Conv 1st-5 or 62.5%
All Cash-3 or 37.5%

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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales, Working By Referral

Hollister, San Benito County Real Estate Market Update for April 21, 2012

Saturday, April 21, 2012 | Comments Off

Solds_for_the_week_04-21-12[1]

Single Family Residential
__________________________________________________________
Actives:
San Benito County-85 of which REO/Bank Owned-15 or 18%, Short Sales-20 or 24%
Hollister-44 of which REO/Bank Owned-9 or 20%, Short Sales-16 or 36%
 
Pendings:
San Benito County-206 of which REO/Bank Owned-34 or 16.5%, Short Sales-120 or 58%
Hollister-174 of which REO/Bank Owned-25 or 14%, Short Sales-106 or 61%
 
Absorption Rate:
San Benito County-.41 months supply of inventory or 12-Days
Hollister-.25 months supply of inventory or 8-Days
__________________________________________________________
Solds for the Week: 11
High: $449,000 New Conv 1st, Traditional Sale (Flip)
Low:  $110,000 All Cash, Short Sale
Full-Price/Over-Asking: 5 or 45%
__________________________________________________________
Sale Type:
Traditional Sale-7 or 64%
REO/Bank Owned-2 or 18%
Short Sale-2 or 18%
__________________________________________________________
Financing Type:
New Conv. 1st-4 or 36%
All Cash-3 or 27%
FHA Loan-2 or 18%
USDA Loan-2 or 18%
__________________________________________________________

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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales, Working By Referral

Hollister, San Benito County Real Estate Market Update for April 14th, 2012

Saturday, April 14, 2012 | Comments Off

Solds_for_the_week_04-14-12[1]

Single Family Residential
___________________________________________________________
Actives:
San Benito County-82 of which REO/Bank Owned-11 or 13%, Short Sales-21 or 26%
Hollister-43 of which REO/Bank Owned-8 or 19%,  Short Sales-15 or 35%
 
Pendings:
San Benito County-209 of which REO/Bank Owned-35 or 17%, Short Sales-116 or 56%
Hollister-173 of which REO/Bank Owned-23 or 13%, Short Sales-103 or 60%
 
Absorption Rate:
San Benito County-.39 months supply of inventory or 12-Days
Hollister-.25 months supply of inventory or 7.5-Days
____________________________________________________________
Solds for the Week: 5
High: $350,000 Short Sale, USDA Loan
Low:  $210,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 2 or 40%
____________________________________________________________
Sale Type:
REO/Bank Owned-2 or 40%
Short Sales-2 or 40%
Traditional Sale-1 or 20%
____________________________________________________________
Financing Type:
FHA Loan-2 or 40%
New Conv 1st-1 or 20%
All CASH-1 or 20%
USDA Loan-1 or 20%
____________________________________________________________
Wow! our inventory is officially pathetic in my opinion…if you’re a buyer anyway…not so much if you’re a seller…

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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales, Working By Referral

Hollister, San Benito County Real Estate Market Update for April 7, 2012

Saturday, April 7, 2012 | Comments Off

 
Single Family Residential
___________________________________________________________
Active:
San Benito County-88 of which REO/Bank Owned-10 or 19%, Short Sales-22 or 25%
Hollister-50 of which REO/Bank Owned-7 or 14%, Short Sales-17 or 34%
 
Pendings:
San Benito County-205 of which REO/Bank Owned-35 or 17%, Short Sales-115 or 56%
Hollister-171 of which REO/Bank Owned-26 or 15%, Short Sales-101-59%
 
Absorption Rate:
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.29 months supply of inventory or 9-Days
___________________________________________________________
Solds for the week: 12
High: $552,000, Traditional Sale, All CASH
Low:  $203,000, REO/Bank Owned, USDA Loan
Full-Price/Over-Asking: 8 or 67%
___________________________________________________________
Sale Type
Traditional Sale: 5 or 42%
Short Sale: 4 or 33%
REO/Bank Owned: 3 or 25%
___________________________________________________________
Financing Type
New Conv 1st: 6 or 50%
All CASH: 2 or 16.6%
FHA Loan: 2 or 16.6%
USDA Loan: 2 or 16.6%
___________________________________________________________
Wow! A 9 day aborsorption rate….explains the increasingly crazy buyer behavior
we’re seeing in the marketplace!

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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales, Working By Referral

Hollister, San Benito County Real Estate Market Update for March 31, 2012

Saturday, March 31, 2012 | Comments Off

Solds_for_the_week_03-31-12[1]

Single Family Residential
_______________________________________________________
Actives:
San Benito County-99 of which REO/Bank Owned-19 or 19%, Short Sales-24 or 24%
Hollister-57 of which REO/Bank Owned-13 or 23%, Short Sales-18 or 32%
 
Pendings:
San Benito County-197 of which REO/Bank Owned-28 or 14%, Short Sales-113 or 57%
Hollister-162 of which REO/Bank Owned-22 or 14%, Short Sales-96 or 60%
 
Absorption Rate:
San Benito County-.50 months supply of inventory or 15-Days
Hollister-.35 months supply of inventory or 10.5-Days

_______________________________________________________
Solds for the week: 4
High: $375,000 REO/Bank Owned, FHA Loan
Low: $217,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 2 or 50%
_______________________________________________________
Sale Type:
REO/Bank Owned-2 or 50%
Short Sale-2 or 50%
_______________________________________________________
Financing Type:
New Conv. 1st-2 or 50%
FHA Loan-2 or 50%
_______________________________________________________
Wow! Our inventory levels are rapids approaching the shortages of the peak of the run up of the market!!!
Weird…this last week my phone’s been ringing off the hook…maybe the limited inventory and low interest
rates are getting some buyers off the fence. Could we be seeing a little bit of an old fashioned spring
buying season?

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Posted in Bank Owned Homes, Buyers, Distressed Homeowners, Foreclosures, General, Local Market Statistics, REO's, Sellers, Short Sales, Working By Referral

What Is A CRS – Consumer Flyer

Tuesday, March 27, 2012 | 2 comments

What Is A CRS ~ Consumer Flyer

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Posted in Buyers, Distressed Homeowners, General, Sellers, Short Sales, Working By Referral

It’s official I’m a CRS designee! Less than 3.5% of all agents have this prestigous designation!!!

Monday, March 26, 2012 | Add a comment

CRS Certificate 03-26-11

To learn more about the Certified Residential Specialist designation www.crs.com

Posted in General