Hollister, San Benito County Real Estate Market Update for 01-18-14

Solds for the Week of 01-18-14

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

 

Single Family Residential

_______________________________________
Actives
San Benito County-88 of which REO/Bank Owned-None, Short Sales-3 or 3%
Hollister-49 of which REO/Bank Owned-None, Short Sales-1 or 2%
Pendings
San Benito County-84 of which REO/Bank Owned-None, Short Sales-30 or 36%
Hollister-69 of which REO/Bank Owned-None, Short Sales-25 or 36%
Absorption Rate
San Benito County-1.04 months supply of inventory or 31-days
Hollister-.71 months supply of inventory or 21-days
______________________________________
Solds for the Week: 5
High: $750,000  Regular Sale, New Conv 1st
Low:  $203,000  Regular Sale, All Cash
Full-Price/Over-Asking: 1 or 20%
Average DOM: 74
Average Square Footage: 2217sf
Average Price/Square Foot: $238.09/sf
Average Sales Price: $504,200.00
______________________________________
Sale Type
Regular Sale: 5 or 100%
REO/Bank Owned: None
Short Sales: None
______________________________________
Financing Type
New Conv 1st: 3 or 60%
All Cash: 1 or 20%
Other: 1 or 20%
FHA Loan: None
VA Loan: None
USDA Loan: None
_____________________________________
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Hollister, San Benito County Real Estate Market Update for January 11, 2014

Solds for the Week of 01-11-14

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

 

Single Family Residential

______________________________________
Actives
San Benito County-92 of which REO/Bank Owned-None, Short Sales-6 or 7%
Hollister-56 of which REO/Bank Owned-None, Short Sales-4 or 7%
Pendings
San Benito County-81 of which REO/Bank Owned-None, Short Sales-26 or 32%
Hollister-63 of which REO/Bank Owned-None, Short Sales-21 or 33%
Absorption Rate
San Benito County-.1.14 months supply of inventory or 34-days
Hollister-.88 months supply of inventory or 27-days
_____________________________________
Solds for the Week: 6
High: $800,000 Short Sale, All Cash
Low:  $270,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 4 or 67%
Average DOM: 67-days
Average Square Footage: 1937sf
Average Price/Sq Foot: $275/sf
Average Sales Price: $507,000
_____________________________________
Sale Type
Regular Sale: 4 or 67%
Short Sales: 2 or 33%
REO/Bank Owned: None
_____________________________________
Financing Type
New Conv 1st: 4 or 67%
All Cash: 2 or 33%
____________________________________
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Hollister, San Benito County Real Estate Market Update for January 4th, 2014

Solds for the Week of 01-04-14

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

 

Single Family Residential

______________________________________
Actives
San Benito County-79 of which REO/Bank Owned-None, Short Sales-5 or 6%
Hollister-44 of which REO/Bank Owned-None, Short Sales-3 or 7%
Pendings
San Benito County-88 of which REO/Bank Owned-None, Short Sales-30 or 34%
Hollister-67 of which REO/Bank Onwed-None, Short Sales-24 or 36%
Absorption Rate
San Benito County-.90 months supply of inventory or 27-days
Hollister-.65 months supply of inventory or 20-days
______________________________________
Solds for the Week: 8
High: $711,000 Regular Sale, All CASH
Low:  $190,000 Regular Sale, All CASH
Full-Price/Over-Asking: 1 or 12.5%
Average DOM: 76 days
Average Square Footage: 2506sf
Average Price/Square Foot: $184.80
Average Sales Price: $443,850
______________________________________
Sale Type
Regular Sale: 6 or 75%
REO/Bank Owned: 1 or 12.5%
Short Sale: 1 or 12.5%
______________________________________
Financing Type
All CASH: 5 or 62.5%
New Conv 1st: 2 or 25%
FHA Loan: 1 or 12.5
_____________________________________

Wow! That’s all you can say is  WOW…CASH was KING
this week. I’ve never seen such a high percentage of
transactions close with ALL CASH deals!!!
FYI~It’s been YEARS! since we’ve had no Active or Pending
REO/Bank Owned properties on the market.
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Hollister, San Benito County Real Estate Market Update for December 28th, 2013

Solds for the Week of 12-28-13

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

 

Single Family Residential

______________________________________________
Actives
San Benito County-84 of which REO/Bank Owned-None, Short Sales-7 or 8%
Hollister-47 of which REO/Bank Owned-None, Short Sales-5 or 11%
Pendings
San Benito County-97 of which REO/Bank Owned-2 or 2%, Short Sales-31 or 32%
Hollister-71 of which REO/Bank Owned-2 or 3%, Short Sales-25 or 35%
Absorption Rate
San Benito County-.87 months supply of inventory or 26-days
Hollister-.66 months supply of inventory or 19-days
_____________________________________________
Solds for the Week: 5
High: $500,000 Regular Sale, New Conv 1st
Low:  $310,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 3 or 60%
Average DOM: 33-days
Average Square Footage: 1942sf
Average Price/Square Foot: $215.51/sf
Average Sales Price: $400,400
____________________________________________
Sale Type
Regular Sale: 4 or 80%
Short Sale: 1 or 20%
REO/Bank Owned: None
____________________________________________
Financing Type
New Conv 1st: 2 or 40%
FHA Loan: 2 or 40%
VA Loan: 1 or 20%
____________________________________________

 

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Hollister, San Benito County Real Estate Market Update for December 21, 2013

Solds for the Week of 12-21-13

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

 

Single Family Residential

_________________________________________
Actives
San Benito County-87 of which REO/Bank Owned-None, Short Sales-7 or 8%
Hollister-53 of which REO/Bank Owned-None, Short Sales-5 or 9%
Pendings
San Benito County-95 of which REO/Bank Owned-2 or 2%, Short Sales-31 or 33%
Hollister-68 of which REO/Bank Owned-2 or 3%, Short Sales-25 or 37%
Absorption Rate
San Benito County-.92 months supply of inventory or 27.5-days
Hollister-.78 months supply of inventory or 23-days
________________________________________
Solds for the Week: 12
High: $850,000 Regular Sale, New Conv 1st
Low:  $310,000 Regular Sale, FHA Loan
Full-Price/Over Asking: 7 or 58%
Average DOM: 45-days
Average Square Footage: 2090sf
Average Price/Square Foot: $222.41/sf
Average Sale Price: $458,233.00
________________________________________
Sale Type
Regular Sale: 11 or 92%
Short Sale: 1 or 8%
_______________________________________
Financing Type
New Conv 1st: 7 or 58%
FHA Loan: 4 or 34%
USDA Loan: 1 or 8%
______________________________________
Pretty big week for Solds as everyone pushes to get
the deal done before the holidays!
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Hollister, San Benito County Real Estate Market Update for December 14, 2013

Solds for the Week of 12-14-13

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

 

Single Family Residential

________________________________________________
Actives
San Benito County-91 of which REO/Bank Owned-None, Short Sales-8 or 9%
Hollister-56 of which REO/Bank Owned-None, Short Sales-6 or 11%
Pendings
San Benito County-96 of which REO/Bank Owned-2 or 2%, Short Sales-31 or 32%
Hollister-68 of which REO/Bank Owned-2 or 3%, Short Sales-24 or 35%
Absorption Rate
San Benito County-.95 months supply of inventory or 28-days
Hollister-.82 months supply of inventory or 25-days
________________________________________________
Solds for the Week: 5
High: $575,000 Regular Sale, New Conv 1st
Low:  $400,000 Short Sale, FHA Loan
Full-Price/Over-Asking Price: 1 or 20%
Average DOM: 48-days
Average Square Footage: 2909sf
Average Price/Square Foot: $166/sf
Average Sales Price: $448,960
________________________________________________
Sale Type
Regular Sales: 3 or 60%
Short Sales: 2 or 40%
REO/Bank Owned: None
________________________________________________
Financing Type
New Conv 1st: 3 or 60%
FHA Loan: 1 or 20%
All CASH: 1 or 20%
________________________________________________
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Hollister, San Benito County Real Estate Market Update for December 7, 2013

Solds for the Week of 12-07-13

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

 

Single Family Residential 

________________________________________________________________
Actives
San Benito County-83 of which REO/Bank Owned-NONE, Short Sales-5 or 6%
Hollister-44 of which REO/Bank Owned-NONE, Short Sales-3 or 7%
Pendings
San Benito County-94 of which REO/Bank Owned-2 or 2%, Short Sales-34 or 36%
Hollister-74 of which REO/Bank Owned-2 or 3%, Short Sales-28 or 38%
Absorption Rate
San Benito County-.88 months supply of inventory or 26.5-days
Hollister-.59 months supply of inventory or 18-days
________________________________________________________________
Solds for the Week: 4
High: $589,800 Regular Sale, New Conv 1st
Low:  $240,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 1 or 25%
Average DOM: 29
Average Square Footage: 2100sf
Average Price/Square Foot: $204/sf
Average Sale Price: $416,200.00
________________________________________________________________
Sale Type
Regular Sale: 4 or 100%
REO/Bank Owned: NONE
Short Sales: None
________________________________________________________________
Financing Type
New Conv 1st: 3 or 75%
FHA Loan: 1 or 25%
All CASH: None
________________________________________________________________
Inventory remains low and no where near normal …
yet volume has retreated back to the numbers we
saw in the early spring…..
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Hollister, San Benito County Real Estate Market Update for November 30, 2013

Solds for the Week of 11-30-13

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

 

Single Family Residential

_________________________________________________
Actives
San Benito County-89 of which REO/Bank Owned-1 or 1%, Short Sales-11 or 12%
Hollister-52 of which REO/Bank Owned-1 or 2%, Short Sales-9 or 17%
Pendings
San Benito County-88 of which REO/Bank Owned-2 or 2%, Short Sales-22 or 32%
Hollister-66 of which REO/Bank Owned-1 or 2%, Short Sales-22 or 33%
Absorption Rate
San Benito County-1.0 months supply of inventory or 30-days
Hollister-.79 months supply of inventory or 24-days
________________________________________________
Solds for the Week: 3
High: $717,500 Regular Sale, VA Loan (Thank you Tammy and Gina!)
Low:  $354,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking Price: 3 or 100%
Average DOM: 56-days
Average Square Footage: 2416sf
Average Price/Square Foot: $225
Average Sales Price: $536,833.00
________________________________________________
Sale Type
Regular Sale: 3 or 100%
REO/Bank Owned: None
Short Sales: None
________________________________________________
Financing Type
New Conv 1st: 2 or 67%
VA Loan: 1 or 33%
________________________________________________
A Blessed Thanksgiving Week!
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Hollister, San Benito County Real Estate Market Update for November 23, 2013

Solds for the Week of 11-23-13

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

 

Single Family Residential

_______________________________________________
Actives
San Benito County-90 of which REO/Bank Owned-1 or 1%, Short Sales-9 or 10%
Hollister-52 of which REO/Bank Owned-1 or 2%, Short Sales-7 or 14%
Pendings
San Benito County-85 of which REO/Bank Owned-2 or 2%, Short Sales-28 or 33%
Hollister-60 of which REO/Bank Owned-1 or 2%, Short Sales-22 or 37%
Absorption Rate
San Benito County-1.05 months supply of inventory or 32-days
Hollister-.87 months supply of inventory or 26-days
_______________________________________________
Solds for the Week: 14
High: $810,500 Regular Sale, VA Loan
Low:  $277,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 8 or 57%
Average DOM: 47
Average Square Footage: 2068sf
Average Price/Square Foot: $226.39
Average Sale Price: $457,671.00
_______________________________________________
Sale Type
Regular Sale: 11 or 79%
Short Sale: 3 or 21%
REO/Bank Owned: None
_______________________________________________
Financing Type
FHA Loan: 5 or 36%
New Conv 1st: 4 or 29%
All CASH: 3 or 21%
VA Loan: 2 or 14%
_______________________________________________

Big week for closed transactions…
Seems there’s more room for VA borrowers in the marketplace lately since
we’re not seeing as many multiple offer situations.
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Hollister, San Benito County Real Estate Market Update for November 16, 2013

Solds for the Week of 11-16-13

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

 

Single Family Residential

_______________________________________________
Actives
San Benito County-87 of which REO/Bank Owned-1 or 2%, Short Sales-8 or 9%
Hollister-53 of which REO/Bank Owned-1 or 2%, Short Sales-7 or 13%
Pendings
San Benito County-93 of which REO/Bank Owned-2 or 2%, Short Sales-31 or 33%
Hollister-69 of which REO/Bank Owned-1 or 1%, Short Sales-25 or 36%
Absorption Rate
San Benito County-.94 months supply of inventory or 28-days
Hollister-.77 months supply of inventory or 23-days
______________________________________________
Solds for the Week: 3
High: $629,900 VA Loan, Regular Sale
Low:  $330,000 New Conv 1st, REO/Bank Owned
Full-Price/Over-Asking: 3 or 100%
Average DOM: 13-days
Average Square Footage: 2076/sf
Average Price/Square Foot: $230.79/sf
Average Sales Price: $486,300
______________________________________________
Sale Type
Traditional Sale: 2 or 66.6%
REO/Bank Owned: 1 or 33.3%
Short Sales: None
______________________________________________
Financing Type
New Conv 1st: 1 or 33.3%
FHA Loan: 1 or 33.3%
VA Loan: 1 or 33.3%
______________________________________________
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