Market Update for 12-10-11
Good Morning ~ since I missed last Saturday here’s the numbers for the last 14 days!
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Actives:
San Benito County-136 of which REO/Bank Owned-26 or 19% and Short Sales-39 or 27%
Hollister-96 of which REO/Bank Owned-19 or 20% and Short Sales-37 or 39%
Pendings:
San Benito County-181 of which REO/Bank Owned-22 or 12% and Short Sales-131 or 72%
Hollister-146 of which REO/Bank Owned-19 or 13% and Short Sales-107 or 73%
Absorption Rate:
San Benito County-.75 months supply of inventory or 22.5 Days
Hollister-.66 months supply of inventory or 20 Days
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Solds for the last 2 weeks: 31
High: $520,000 Investor Flip, All CASH
Low: $90,000 Estate Sale, All CASH
Full-Price/Over-Asking: 16 or 51%
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Sale Type:
Short Sale-12 or 39%
Traditional Sale-10 or 32%
REO/Bank Owned-9 or 29%
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Image via Wikipedia
New Conv. 1st-11 or 35%
All CASH-8 or 26%
FHA Loan-7 or 23%
VA Loan-3 or 11%
USDA Loan-2 or 6%
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Solds for the week 11-26-11
Single Family Residential
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Actives:
San Benito County-136 of which REO/Bank Owned-22 or 16%, Short Sale-40 or 29%
Hollister-96 of which REO/Bank Owned-17 or 18%, Short Sale-36 or 38%
Pendings:
San Benito County-198 of which REO/Bank Owned-29 or 15%, Short Sale-136 or 69%
Hollister-160 of which REO/Bank Owned-26 or 16%, Short Sale-111 or 63%
Absorption Rate:
San Benito County-.69 months supply of inventory or 21 days
Hollister- .6 months supply of inventory or 18 Days
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Solds for the week: 8
High: $615,000, Short Sale, New Conv. 1st
Low: $165,000, Traditional Sale, New Conv 1st
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Sale Type:
Short Sale-4 or 50%
Traditonal Sale-4 or 50%
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Financing Type:
New Conv. 1st-6 or 75%
FHA Loan-1 or 12.5%
VA Loan-1 or 12.5%
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SINGLE FAMILY RESIDENTIAL
ACTIVES
San Benito County-146 of which REO/Bank Owned-26 or 18% and Short Sale-46 or 32%
Hollister-102 of which REO/Bank Owned-21 or 21% and Short Sale-37 or 36%
PENDINGS
San Benito County-196 of which REO/Bank Owned-27 or 14% and Short Sale-132 or 67%
Hollister-158 of which REO/Bank Owned-23 or 15% and Short Sale-109 or 69%
ABSORPTION RATE
San Benito County-.75 month’s supply of inventory or 22.5 days
Hollister-.65 month’s supply of inventory or 19 days
Sold’s for the week: 12
High: $650,000 Short Sale, New Conv 1st
Low: $90,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 3 or 25%
Sale Type
REO/Bank Owned: 5 or 42%
Short Sale: 3 or 25%
Traditional Sale: 4 or 33%
Financing Type
New Conv 1st : 7 or 58%
FHA Loan: 3 or 25%
All CASH: 2 or 17%
Solds for the week 11-19-11
Single Family Residential
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Actives
San Benito County-152 of which REO/Bank Owned-22 or 14.5%
Hollister-103 of which REO/Bank Owned-17 or 16.5%
Pendings
San Benito County-194 of which REO/Bank Owned-28 or 14.5%
Hollister-155 of which REO/Bank Owned-22 or 14%
Absorption Rate
San Benito County-.78 months supply of inventory or 23 days
Hollister-.66 months supply of inventory or 20 days
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Solds for the week: 10
High: $459,000 REO/Bank Owned, New Conv 1st
Low: $131,000 Short Sale, All CASH
Full-Price or Over-Asking: 4 or 40%
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Sale Type
REO/Bank Owned: 6 or 60%
Short Sale: 2 or 20%
Traditional Sale: 2 or 20%
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Financing Type
New Conv 1st: 6 or 60%
USDA Loan: 2 or 20%
All CASH: 2 or 20%
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Single Family Residential
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Actives
San Benito County-162 of which REO/Bank Owned-27 or 17%
Hollister-111 of which REO/Bank Owned-23 or 21%
Pendings
San Benito County-189 of which REO/Bank Owned-24 or 13%
Hollister-148 of which REO/Bank Owned-18 or 12%
Absorption Rate
San Benito County-.86 months supply of inventory or 26-days
Hollister-.75 months supply of inventory or 23-days
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Solds for the week: 11
High: $470,000 Short Sale, VA Loan
Low: $160,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 7 or 64%
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Sale Type
Short Sale: 7 or 64%
REO/Bank Owned: 3 or 27%
Traditional Sale: 1 or 9%
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Financing Type
FHA Loan: 5 or 46%
New Conv 1st: 4 or 36%
VA Loan: 1 or 9%
All CASH: 1 or 9%
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Single Family Residential
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Actives
San Benito County-164 of which REO/Bank Owned-30 or 18%
Hollister-113 of which REO/Bank Owned-24 or 21%
Pendings
San Benito County-191 of which REO/Bank Owned-20 or 10%
Hollister-150 of which REO/Bank Owned-14 or 9%
Absorption Rate
San Benito County-.86 months supply of inventory or 26-days
Hollister-.75 months supply of inventory or 23-days
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Solds for the week: 8
High: $575,000 Traditional Sale, New Conv 1st
Low: $220,000 Short Sale, All Cash
Full-Price/Over-Asking: 2 or 25%
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Sale Type
Traditional Sale: 4 or 50%
Short Sale: 3 or 37.5%
REO/Bank Owned: 1 or 12.5%
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Financing Type
New Conv 1st: 2 or 25%
FHA Loan: 2 or 25%
VA Loan: 2 or 25%
All Cash: 2 or 25%
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Single Family Residential
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Active
San Benito County-154 of which REO/Bank Owned-23 or 15%
Hollister-108 of which REO/Bank Owned-17 or 16%
Pendings
San Benito County-194 of which REO/Bank Owned-12 or 12%
Hollister-153 of which REO/Bank Owned-18 or 12%
Absorption Rate
San Benito County-.79 months supply of inventory or 24-days
Hollister-.71 months supply of inventory or 21-days
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Solds for the week: 14
High: $510,000 REO/Bank Owned, New Conv 1st
Low: $165,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 5 or 36%
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Sale Type
REO/Bank Owned: 6 or 43%
Short Sale: 5 or 36%
Traditional Sale: 2 or 14%
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Financing Type
FHA Loan: 7 or 50%
New Conv. 1st: 4 or 29%
VA Loan: 1 or 7%
USDA Loan: 1 or 7%
VA Loan: 1 or 7%
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Image via Wikipedia
Single Family Residential
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Actives:
San Benito County-146 of which REO/Bank Owned-21 or 14%
Hollister-103 of which REO/Bank Owned-15 or 15%
Pendings:
San Benito County-195 of which REO/Bank Owned-27 or 14%
Hollister-152 of which REO/Bank Owned-19 or 13%
Absorption Rate:
San Benito County-.75 months supply of inventory or 23-days
Hollister-.68 months supply of inventory or 20-days
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Solds for the week: 7
High: $799,900 Traditional Sale, New Conv 1st
Low: $230,000 Short Sale, VA Loan
Full-Price/Over-Asking: 1 or 14%
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Sale Type:
Traditional Sale-3 or 43%
Short Sale-3 or 43%
REO/Bank Owned-2 or 29%
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Financing Type:
New Conv 1st-4 or 57%
FHA Loan-1 or 14%
USDA Loan-1 or 14%
VA Loan-1 or 14%
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Image via Wikipedia
Single Family Residential
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Actives
San Benito County-148 of which REO/Bank Owned-21 or 14%
Hollister-106 of which REO/Bank Owned-18 or 17%
Pendings
San Benito County-191 of which REO/Bank Owned-29 or 15%
Hollister-148 of which REO/Bank Owned-19 or 13%
Absorption Rate
San Benito County-.75 months supply of inventory or 23-days
Hollister-.72 months supply of inventory or 21-days
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Solds for the week: 17 (some late reportings)
High: $715,000 REO/Bank Owned, New Conv. 1st
Low: $135,000 REO/Bank Owned, New Conv. 1st
Full-Price/Over-Asking: 7 or 41%
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Sale Type
REO/Bank Owned-8 or 41%
Traditional Sale-5 or 29%
Short Sale-4 or 24%
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Financing Type
New Conv. 1st-10 or 59%
FHA Loan-5 or 29%
USDA Loan-1 or 6%
All CASH-1 or 6%
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