Hollister, San Benito County Real Estate Market Update for February 16th, 2013

Solds for the Week of 02-16-13

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

 

 I think this article may be the best explanation of what’s really going on in the market!

On Foreclosure Radar from Oct 22 to now 107 sales have been cancelled. Granted some were successful Short Sales but I think most where due to the new law that went into effect for CA i.e no dual tracking the foreclosure yadda, yadda, yadda…

Single Family Residential
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Actives:
San Benito County-64 of which REO/Bank Owned-3 or 6%, Short Sales-7 or 13%
Hollister-29 of which REO/Bank Owned-3 or 10%, Short Sales-6 or 21%
Pendings:
San Benito County-136 of which REO/Bank Owned-8 or 6%, Short Sales-79 or 58%
Hollister-115 of which REO/Bank Owned-7 or 6%, Short Sales-70 or 61%
Absorption Rate:
San Benito County-.40 months supply of inventory or 12-Days
Hollister-.25 months suppl of inventory or 7.5-Days
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Solds for the Week: 9
High: $417,000 REO/Bank Owned, USDA Loan
Low:  $179,000 Traditional Sale, FHA Loan
Full-Price/Over-Asking: 6 or 67%
Average Price/Square Foot: $172.92
Average Square Footage: 1847sf
Average Sales Price: $303,833
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Sale Type
Traditional Sale: 5 or 56%
REO/Bank Owned: 2 or 22%
Short Sales: 2 or 22%
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Financing Type
New Conv. 1st: 4 or 44%
FHA Loan: 3 or 33%
USDA Loan: 2 or 22%
All CASH: none
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Hollister, San Benito County Real Estate Market Update for November 24, 2012

Solds for the Week of 11-24-12

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-71 of which REO/Bank Owned-4 or 6%, Short Sales-6 or 8.5%
Hollister-47 of which REO/Bank Owned-4 or 8.5%, Short Sales-6 or 13%
Pendings
San Benito County-172 of which REO/Bank Owned-15 or 9%, Short Sales-98 or 57%
Hollister-128 of which REO/Bank Owned-10 or 8%, Short Sales-77 or 0%
Absorption Rate
San Benito County-.41 months supply of inventory or 12-Days
Hollister-.37 months supply of inventory or 11-Days
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Solds for the Week: 4
High: $550,000 Traditional Sale, New Conv 1st
Low:  $185,900 Short Sale, USDA Loan
Full-Price/Over-Asking: 3 or 75%
Average Price/Square Foot: $185
Average Sale Price: $352,225.00
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Sale Type
Traditional Sale-3 or 75%
Short Sale-1 or 25%
REO/Bank Owned-0
______________________________________________________________________
Financing Type
New Conv 1st-2 or 50%
USDA Loan-2 or 50%
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Hollister, San Benito County Real Estate Market Update for June 23, 2012

Solds for the week of 06-23-12

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-94 of which REO/Bank Owned-11 or 12%, Short Sales-18 or 19%

Hollister-44 of which REO/Bank Owned-5 or 11%, Short Sales-12 or 27%

 

Pendings

San Benito County-174 of which REO/Bank Owned-23 or 13%, Short Sales-108 or 62%

Hollister-143 of which REO/Bank Owned-18 or 13%, Short Sales-95 or 66%

 

Absorption Rate

San Benito County-.54 months supply of inventory or 16-Days

Hollister-.31 months supply of inventory or 9-Days

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Solds for the week: 8

HIgh: $340,000 REO/Bank Owned, New Conv 1st

Low:  $112,000 Traditional Sale, New Conv 1st

Full-Price/Over-Asking: 7 or 90%

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Sale Type

REO/Bank Owned: 3 or 37.5%

Traditional Sale: 3 or 37.5%

Short Sale: 2 or 25%

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Financing Type

New Conv 1st: 3 or 37.5%

USDA Loan: 3 or 37.5%

FHA Loan: 2 or 25%

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Hollister, San Benito County Real Estate Market Update for March 17, 2012

Single Family Residential
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Actives
San Benito County-106 of which REO/Bank Owned-19 or 18%, Short Sale-27 or 25%
Hollister-65 of which REO/Bank Owned-11 or 17%, Short Sale-26 or 40%
Pendings
San Benito County-185 of which REO/Bank Owed-26 or 14%, Short Sale-114 or 62%
Hollister-151 of which REO/Bank Owned-22 or 15%, Short Sale-92 or 61%
Absorption Rate
San Benito County-.57 month’s supply of inventory or 17-Days
Hollister-.43 month’s supply of inventory or 13-Days
__________________________________________________________
Solds for the Week: 11
High: $655,000 New Conv 1st, Traditional Sale
Low: $104,900 All CASH, REO/Bank Owned
Full-Price/Over-Asking: 4 or 36%
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Sale Type
Traditional Sale: 6 or 55%
REO/Bank Owned: 5 or 45%
Short Sale: 0
__________________________________________________________
Financing Type
New Conv. 1st: 4 or 36%
FHA Loan: 3 or 27%
All CASH: 2 or 18%
VA Loan: 1 or 9%
USDA Loan: 1 or 9%

Hollister, San Benito County Real Estate Market Update for October 29th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
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%
____________________________________________________________
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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Hollister, San Benito County Real Estate Market Update for October 15, 2011

Official seal of County of San Benito
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%
____________________________________________________________
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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Hollister, San Benito County Real Estate Market Update for October 8th, 2011

Official seal of County of San Benito
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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Hollister, San Benito County Real Estate Market Update for September 24, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
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Actives
San Benito County-156 of which REO/Bank Owned-21 or 13%
Hollister-109 of which REO/Bank Owned-16 or 15%

Pendings
San Benito County-203 of which REO/Bank Owned-36 or 18%
Hollister-156 of which REO/Bank Owned-26 or 17%

Absorption Rate
San Benito County-.77 months supply of inventory or 23-days
Hollister-.70 months supply of inventory or 21-days
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Solds for the week: 11
High: $393,000 Traditional Sale, New Conv. 1st
Low:  $160,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 2 or 18%
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Sale Type
Traditional Sale: 6 or 55%
Short Sale: 4 or 36%
REO/Bank Owned: 1 or 9%
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Financing Type
New Conventional 1st: 6 or 55%
FHA Loan: 3 or 27%
USDA Loan: 1 or 9%
All CASH: 1 or 9
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The flippers appear to be alive and well this week!

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