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Single Family Residential
____________________________________________________________
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%
____________________________________________________________
Financing Type
FHA Loan: 3 or 43%
New Conv 1st: 2 or 28%
USDA Loan: 1 or 14%
All Cash: 1 or 14%
____________________________________________________________
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%
____________________________________________________________
Sale Type
REO/Bank Owned: 9 or 60%
Short Sale: 5 or 33%
Traditional Sale: 1 or 6%
____________________________________________________________
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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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%
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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%
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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!!!
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Single Family Residential
____________________________________________________________
Actives:
San Benito County-192 of which REO/Bank Owned-26 or 13%
Hollister-138 of which REO/Bank Owned-21 or 15%
Pendings:
San Benito County-164 of which REO/Bank Owned-41 or 25%
Hollister-130 of which REO/Bank Owned-33 or 25%
Absorption Rate:
San Benito County-1.17 months supply of inventory or 35-days
Hollister-1.06 months supply of inventory or 32-days
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Solds for the week: 19 (3-late reportings)
High: $915,000 Traditional Sale, New Conv 1st
Low: $190,000 REO/Bank Owned, USDA Loan
Full-Price/Over-Asking: 7 or 37%
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Sale Type:
Short Sale-10 or 53%
Traditional Sale-5 or 26%
REO/Bank Owned-4 or 21%
____________________________________________________________
Financing Type:
New Conv 1st-9 or 47%
FHA Loan-6 or 32%
VA Loan-10%
All CASH-1 or 5%
USDA Loan-1 or 5%
____________________________________________________________
Wow! Big week for getting those Short Sales closed!
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Single Family Residential
____________________________________________________________
Actives
San Benito County-186 of which REO/Bank Owned-28 or 15%
Hollister-132 of which REO/Bank Owned-22 or 17%
Pendings
San Benito County-179 of which REO/Bank Owned-40 or 22%
Hollister-143 of which REO/Bank Owned-34 or 24%
Absorption Rate
San Benito County-1.04 months supply of inventory or 31-days
Hollister-.92 months supply of inventory or 28-days
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Sold’s for the week: 12
High:$690,000 Traditional Sale, New Conv 1st
Low: $190,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking:5 or 42%
____________________________________________________________
Sale Type
Tradtional Sale: 6 or 50%
REO/Bank Owned: 3 or 25%
Short Sale: 3 or 25%
____________________________________________________________
Financing Type
New Conv 1st: 5 or 42%
FHA Loan: 5 or 42%
VA Loan: 1 or 8%
USDA Loan: 1 or 8%
_____________________________________________________________
Well….I can say two of the Sold’s this week closed early because Golden Eagle Mortgage did the buyers loan!!! Thanks Gina and Pauline!!!
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Single Family Residential
____________________________________________________________
Actives:
San Benito County-176 of which REO/Bank Owned-25 or 14%
Hollister-125 of which REO/Bank Owned-25 or 20%
Pendings:
San Benito County-183 of which REO/Bank Owned-38 or 21%
Hollister-143 of which REO/Bank Owned-33 or 23%
Absorption Rate:
San Benito County-.96 months supply of inventory or 29-days
Hollister-.87 months supply of inventory or 26-days
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Solds for the week: 14 (3 late reportings or 21%)
High: $435,000 Short Sale, All CASH
Low: $160,000 Traditional Sale, All CASH
Full-Price/Over-Asking: 9 or 64%
____________________________________________________________
Sale Type
REO/Bank Owned: 8 or 57%
Short Sale: 4 or 28%
Traditional Sale: 2 or 14%
____________________________________________________________
Financing Type
FHA Loan: 5 or 36%
New Conv 1st: 4 or 28%
USDA Loan: 3 or 21%
All CASH: 2 or 14%
____________________________________________________________
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Single Family Residential
____________________________________________________________
Actives
San Benito County-177 of which REO/Bank Owned-26 or 15%
Hollister-127 of which REO/Bank Owned-22 or 17%
Pendings
San Benito County-187 of which REO/Bank Owned-41 or 22%
Hollister-145 of which REO/Bank Owned-36 or 25%
Absorption Rate
San Benito County-.95 months supply of inventory or 28-days
Hollister-.88 months supply of inventory or 26-days
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Solds for the week: 9
High: $665,000 Equity Sale, New Conv 1st
Low: $145,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 5 or 56%
____________________________________________________________
Sale Type
REO/Bank Owned: 4 or 44%
Short Sale: 3 or 33%
Equity Sale: 2 or 22%
____________________________________________________________
Financing Type
All Cash: 3 or 33%
New Conv 1st: 2 or 22%
FHA Loan: 2 or 22%
VA Loan: 1 or 11%
USDA Loan: 1 or 11%
____________________________________________________________
Image via Wikipedia
Single Family Residential
____________________________________________________________
Actives:
San Benito County-176 of which REO/Bank Owned-25 or 14%
Hollister-123 of which REO/Bank Owned-22 or 18%
Pendings:
San Benito County-189 of which REO/Bank Owned-44 or 23%
Absorption Rate:
San Benito County-.93 months supply of inventory or 28-days
Hollister-.82 months supply of inventory or 25-days
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Solds for the week: 6
High: $484,000 REO/Bank Owned, All Cash
Low: $188,000 REO/Bank Owned, New Conv 1st
Full-Price/Over-Asking: 3 or 50%
____________________________________________________________
Sale Type
REO/Bank Owned: 3 or 50%
Short Sale: 2 or 33%
Equity Sale: 1 or 17%
____________________________________________________________
Financing Type
FHA Loan: 2 or 33%
New Conv 1st: 1 or 17%
USDA Loan: 1 or 17%
All CASH: 1 or 17%
Seller Carry Back: 1 or 17%
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There’s a new lender in town this week ~~~ the Seller Carry Back ~~~ what you won’t hear anyone talk about in this market is that 30% of all U.S. homes have no mortgage against them. For them … the Seller Carry Back is a lending option…you become the bank!
