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Single Family Residential
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Actives
San Benito County-176 of which REO/Bank Owned-26 or 15%
Hollister-122 of which REO/Bank Owned-18 or 15%
Pendings
San Benito County-179 of which REO/Bank Owned-34 or 19%
Hollister-142 of which REO/Bank Owned-27 or 19%
Absorption Rate
San Benito County-.98 months supply of inventory or 29-Days
Hollister-.86 months supply of inventory or 26 days
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Solds for the week: 15
High: $420,000 Short Sale, All Cash
Low: $188,000 Traditional Sale-Flip, VA Loan
Full-Price/Over-Asking: 8 or 53%
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Sale Type
Traditional Sale: 7 or 47%
REO/Bank Owned: 5 or 33%
Short Sale: 3 or 20%
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Financing Type
New Conv. 1st: 9 or 60%
FHA Loan: 3 or 20%
ALL Cash: 1 or 6%
USDA Loan: 1 or 6%
VA Loan: 1 or 6%
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Well..our Absorption Rate is back under 1 month supply of inventory for the county!
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Single Family Residential
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Active:
San Benito County-186 of which REO/Bank Owned-25 or 13%
Hollister-128 of which REO/Bank Owned-18 or 14%
Pending:
San Benito County-174 of which REO/Bank Owned-33 or 19%
Hollister-136 of which REO/Bank Owned-25 or 18%
Absorption Rate:
San Benito County-1.06 months supply of inventory or 32-days
Hollister-.94 months supply of inventory or 28-days
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Solds for the week: 15
High: $435,000 Short Sale, FHA Loan
Low: $112,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 9 or 60%
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Sale Type
REO/Bank Owned: 7 or 47%
Short Sale: 5 or 33%
Traditional Sale: 3 or 20%
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Financing Type
All CASH: 6 or 40%
FHA Loan: 5 or 33%
New Conv 1st: 3 or 20%
USDA Loan: 1 or 6%
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Wow! Cash was king this week….
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Single Family Residential
____________________________________________________________
Actives:
San Benito County-184 of which REO/Bank Owned-27 or 15%
Hollister-130 of which REO/Bank Owned-20 or 15%
Pendings:
San Benito County-175 of which REO/Bank Owned-34 or 19%
Hollister-133 of which REO/Bank Owned-25 or 19%
Absorption Rate:
San Benito County-1.05 months supply of inventory or 31-days
Hollister-.98 months supply of inventory or 29-days
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Solds for the week: 7
High:$600,000 Traditional Sale, New Conv 1st
Low: $182,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 3 or 43%
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Sale Type
REO/Bank Owned: 4 or 57%
Traditional Sale: 2 or 28%
Short Sale: 1 or 14%
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Financing Type
FHA Loan: 3 or 43%
New Conv 1st: 2 or 28%
USDA Loan: 1 or 14%
All Cash: 1 or 14%
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Image via Wikipedia
Single Family Residential
____________________________________________________________
Actives
San Benito County-184 of which REO/Bank Owned-26 or 14%
Hollister-132 of which REO/Bank Owned-20 or 15%
Pendings
San Benito County-165 of which REO/Bank Owned-35 or 21%
Hollister-125 of which REO/Bank Owned-26 or 21%
Absorption Rate
San Benito County-1.11 months supply of inventory or 33-days
Hollister-1.05 months supply of inventory or 32-days
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Solds for the week: 15
High: $537,000 Traditional Sale, New Conv 1st
Low: $120,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 9 or 60%
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Sale Type
REO/Bank Owned: 9 or 60%
Short Sale: 5 or 33%
Traditional Sale: 1 or 6%
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Financing Type
New Conv 1st: 7 or 47%
FHA Loan: 4 or 27%
All CASH: 3 or 20%
VA Loan: 1 or 6%
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Image via Wikipedia
Single Family Residential
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Actives
San Benito County-201 of which REO/Bank Owned-26 or 13%
Hollister-143 of which REO/Bank Owned-18 or 13%
Pendings
San Benito County-155 or which REO/Bank Owned-33 or 21%
Hollister-122 of which REO/Bank Owned-27 or 22%
Absorption Rate
San Bentito County-1.3 months supply of inventory or 39-days
Hollister-1.17 months supply of inventory or 35-days
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Solds for the week: 9
High: $319,000 Investor Flip, USDA Loan
Low: $200,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 4 or 44%
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Sale Type
REO/Bank Owned-4 or 44%
Traditional Sale-3 or 33%
Short Sale-2 or 22%
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Financing Type
FHA Loan-4 or 44%
USDA Loan-2 or 22%
All CASH-2 or 22%
New Conv 1st-1 or 11%
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I’m BACK!!!
Image via Wikipedia
Single Family Residential
____________________________________________________________
Actives:
San Benito County-186 of which REO/Bank Owned-27 or 16%
Hollister-126 of which REO/Bank Owned-20 or 16%
Pendings:
San Benito County-161 of which REO/Bank Owned-38 or 24%
Hollister-130 of which REO/Bank Owned-30 or 23%
Absorption Rate:
San Benito County-1.16 months supply of inventory or 35-days
Hollister-.97 months supply of inventory or 29-days
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Solds for the week: 12
High: $530,000 Short Sale, New Conv. 1st
Low: $165,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 7 or 58%
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Sale Type
REO/Bank Owned: 7 or 58%
Short Sale: 3 or 25%
Traditional Sale: 2 or 17%
____________________________________________________________
Financing Type
New Conv 1st: 5 or 42%
FHA Loan: 5 or 42%
All CASH: 2 or 17%
____________________________________________________________
Image via Wikipedia
Single Family Residential
____________________________________________________________
Actives
San Benito County-191 of which REO/Bank Owned-31 or 16%
Hollister-129 of which REO/Bank Owned-23 or 18%
Pendings
San Benito County-157 of which REO/Bank Owned-34 or 22%
Hollister-129 of which REO/Bank Owned-27 or 21%
Absorption Rate
San Benito County-1.22 months supply of inventory or 36-days
Hollister-1 month supply of inventory or 30-days
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Solds for the week: 12
High: $499,000 REO/Bank Owned, New Conv. 1st
Low: $92,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 6 or 50%
____________________________________________________________
Sale Type
Traditional Sale-5 or 42%
REO/Bank Owned-5 or 42%
Short Sale-2 or 17%
____________________________________________________________
Financing Type
New Conv. 1st-4 or 33%
FHA Loan-4 or 33%
All CASH-4 or 33%
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There you have it! Had my first eviction this week. Do I have a tale to tell about that!!!
Image via Wikipedia
Single Family Residential
____________________________________________________________
Actives
San Benito County-183 of which REO/Bank Owned-30 or 16%
Hollister-123 of which REO/Bank Owned-21 or 17%
Pendings
San Benito County-162 of which REO/Bank Owned-35 or 22%
Hollister-133 of which REO/Bank Owned-29 or 22%
Absorption Rate
San Benito County-1.13 months supply of inventory or 34-days
Hollister-.92 months supply of inventory or 28-days
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Solds for the week: 11
High: $375,000 Short Sale, FHA Loan
Low: $180,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 6 or 55%
____________________________________________________________
Sale Type
Short Sale: 5 or 45%
REO/Bank Owned: 3 or 27.5%
Traditional Sale: 3 or 27.5%
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Financing Type
FHA Loan: 8 or 72%
New Conv 1st: 2 or 18%
VA Loan: 1 or 10%
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Let’s just say a property is worth what a buyer is willing to pay for it. The seller’s greed does not justify the buyers need. That being said….there’s a property in the list today that I had a buyer offer $650 for … way back when it was listed for $799 and was over priced for the market. The buyer’s agent’s response….my seller won’t give the property away….4 years later…it just sold for $357 uh huh!!!
