Lori Uhl McClelland's Blog

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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-118 of which REO/Bank Owned-15 or 13%

Pendings
San Benito County-192 of which REO/Bank Owned-30 or 16%
Hollister-156 of which REO/Bank Owned-26 or 17%

Absorption Rate
San Benito County-.92 months supply of inventory or 27-days
Hollister-.76 months supply of inventory or 23-days
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Solds for the week: 3
High: $670,000 Traditional Sale, New Conv 1st
Low:  $232,300 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 1 or 33%
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Sale Type
REO/Bank Owned: 2 or 66%
Traditional Sale: 1 or 33%
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Financing Type
New Conv 1st: 2 or 66%
All CASH: 1 or 33%
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Single Family Residential
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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%
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Financing Type
New Conv 1st: 5 or 42%
FHA Loan: 5 or 42%
All CASH: 2 or 17%
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Single Family Residential

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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%

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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%

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Wow! Big week for getting those Short Sales closed!

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Single Family Residential
____________________________________________________________
Actives
San Benito County-181 of which REO/Bank Owned-29 or 16%
Hollister-128 of which REO/Bank Owned-23 or 18%

Pendings
San Benito County-180 of which REO/Bank Owned-36 or 20%
Hollister-141 of which REO/Bank Owned-30 or 21%

Absorption Rate
San Benito County-1.0 months supply of inventory or 30-days
Hollister-.90 months supply of inventory or 27-days
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Solds for the week: 17 (5 where new construction)
High: $710,000 Traditional Sale, New Conv 1st
Low: $180,000 Short Sale, All CASH
Full-Price/Over-Asking: 7 or 41%
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Sale Type
Traditional Sale: 6 or 35% (5 new construction)
Short Sale: 6 or 35%
REO/Bank Owned: 5 or 29%
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Financing Type
FHA Loan: 8 or 47%
All CASH: 5 or 29%
New Conv 1st: 4 or 24%
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Single Family Residential

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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%

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Sale Type

REO/Bank Owned: 8 or 57%

Short Sale: 4 or 28%

Traditional Sale: 2 or 14%

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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

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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%

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Sale Type

REO/Bank Owned: 4 or 44%

Short Sale: 3 or 33%

Equity Sale: 2 or 22%

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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%

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Single Family Residential

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Actives

San Benito County: 170 of which REO/Bank Owned-27 or 16%

Hollister: 113 of which REO/Bank Owned-23 or 20%

Pendings

San Benito County: 184 of which REO/Bank Owned-41 or 22%

Hollister: 147 of which REO/Bank Owned-35 or 24%

Absorption Rate

San Benito County: .92 months supply of inventory or 28-days

Hollister: .77 months supply of inventory or 23-days

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Solds for the week: 18 (4-late reportings or 22%)

High: $500,000 Short Sale, New Conv 1st

Low:  $170,000 REO/Bank Owned, USDA Loan

Full-Price/Over-Asking: 8 or 44%

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Sale Type

REO/Bank Owned: 10 or 55%

Short Sale: 6 or 33%

Equity Sale: 2 or 11%

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Financing Type

New Conv. 1st: 6 or 33%

FHA Loan: 5 or 28%

All CASH: 4 or 22%

USDA Loan: 2 or 11%

VA Loan: 1 or 5%

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Our Absorption Rate appears to be tightening up a bit! I’m seeing the banks move more on foreclosing the first sale date especially if the original NOD was filed after January 1 of this year…

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Single Family Residential

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Actives

San Benito County-171 of which REO/Bank Owned-24 or 14%

Hollister-111 of which REO/Bank Owned-20 or 18%

Pendings

San Benito County-187 of which REO/Bank Owned-45 or 24%

Hollister-154 of which REO/Bank Owned-39 or 25%

Absorption Rate

San Benito County-.91 months supply of inventory or 27-days

Hollister-.72 months supply of inventory or 22-days

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Solds for the week: 15 (3 late reportings or 20%)

High: $535,000 Short Sale, New Conv. 1st

Low:  $141,000 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 4 or 27%

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Sale Type

REO/Bank Owned: 10 or 66%

Short Sale: 4 or 27%

Equity Sale: 1 or 7%

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Financing Type

FHA Loan: 8 or 53%

New Conv. 1st: 5 or 33%

All Cash: 2 or 13%

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 Absorption Rate is back under a one month supply of inventory….Things that make ya go hummmmmm

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Single Family Residential

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Actives

San Benito County-184 of which REO/Bank Owned-27 or 15%

Hollister-121 of which REO/Bank Owned-22 or 18%

Pendings

San Benito County-180 of which REO/Bank Owned-47 or 26%

Hollister-149 of which REO/Bank Owned-43 or 29%

Absorption Rate

San Benito County- 1.02 months supply of inventory or 31days

Hollister-.81 months supply of inventory or 24days

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Solds for the week: 8

High-$680,000 New Conv 1st, Equity Sale

Low- $199,000 VA Loan, Short Sale (Go…Tammy)

Full-Price/Over-Asking: 3 or 38%

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Sale Type

Equity Sale: 3 or 37.5%

Short Sale: 3 or 37.5%

REO/Bank Owned: 2 or 25%

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Financing Type

New Conv 1st: 3 or 37.5%

FHA Loan: 2 or 25%

All CASH: 1 or 12.5%

VA Loan: 1 or 12.5%

Seller Carry Back: 1 or 12.5%

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Wow! There’s a new lender in town….A Seller Carry Back!

Did you know that 30% of all homes in America HAVE NO MORTGAGE AGAINST THEM! They are owned free and clear!!!

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Single Family Residential

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Actives:

San Benito County: 191 of which REO/Bank Owned-30 or 16%

Hollister: 127 or which REO/Bank Owned-25 or 20%

Pendings:

San Benito County: 169 of which REO/Bank Owned-44 or 26%

Hollister: 139 of which REO/Bank Owned-39 or 28%

Absorption Rate:

San Benito County: 1.13 months supply of inventory or 34days

Hollister: .91 months supply of inventory or 27days

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Solds for the week: 16 (6 late reportings or 38%, losers!)

High: $665,000 Short Sale, New Conv. 1st

Low:  $213,000 REO/Bank Owned, FHA Loan

Full-price/Over-Asking: 4 or 25%

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Sale Type

Short Sale: 9 or 56%

REO/Bank Owned: 5 or 31%

Equity Sale: 2 or 13% (1 Flip)

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Financing Type

New Conv. 1st: 7 or 44%

FHA Loan: 4 or 25%

VA Loan: 3 or 19%

USDA Loan: 1 or 6%

All CASH: 1 or 6%