Lori Uhl McClelland's Blog » Distressed Property Expert Hollister

Hollister, San Benito County Real Estate Market Update for December 31st, 2011

Lori McClelland — Sat, 31 Dec 2011 15:12:30 +0000

Solds for the week 12-31-11

Single Family Residential

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Actives:

San Benito County-117 of which REO/Bank Owned-20 or 17%, Short Sales-30 or 26%

Hollister-76 of which REO/Bank Owned-15 or 20%, Short Sales-25 or 33%

Pendings:
San Benito County-192 of which REO/Bank Owned-24 or 12.5%, Short Sales-135 or 70%

Hollister-158 of which REO/Bank Owned-20 or 13%, Short Sales-112 or 71%

Absorption Rate:

San Benito County-.61 months supply of inventory or 18-days

Hollister-.48 months supply of inventory or 14.5-days

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Solds for the week: 3

High: $295,000, REO/Bank Owned, New Conv. 1st

Low: $220,000 Traditional Sale, New Conv. 1st

Full-Price/Over-Asking: 1 or 33%

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Sale Type

REO/Bank Owned: 2 or 66%

Traditional Sale: 1 or 33%

Short Sale: none

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Financing Type

New Conv. 1st: 2 or 66%

All CASH: 1 or 33%

Hollister, San Benito County Real Estate Market Update for November 5, 2011

Lori McClelland — Sat, 05 Nov 2011 13:15:16 +0000

Single Family Residential

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Actives
San Benito County-162 of which REO/Bank Owned-27 or 17%
Hollister-111 of which REO/Bank Owned-23 or 21%

Pendings
San Benito County-189 of which REO/Bank Owned-24 or 13%
Hollister-148 of which REO/Bank Owned-18 or 12%

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: 11
High: $470,000 Short Sale, VA Loan
Low: $160,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 7 or 64%
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Sale Type
Short Sale: 7 or 64%
REO/Bank Owned: 3 or 27%
Traditional Sale: 1 or 9%
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Financing Type
FHA Loan: 5 or 46%
New Conv 1st: 4 or 36%
VA Loan: 1 or 9%
All CASH: 1 or 9%
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Hollister, San Benito County Real Estate Market Update for October 29th, 2011

Lori McClelland — Sat, 29 Oct 2011 14:21:20 +0000

Image via Wikipedia

Single Family Residential
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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%
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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 8th, 2011

Lori McClelland — Sat, 08 Oct 2011 13:21:40 +0000

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 October 1, 2011

Lori McClelland — Sat, 01 Oct 2011 14:13:42 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito Co-155 of which REO/Bank Owned-21 or 14%
Hollister-110 of which REO/Bank Owned-16 or 15%

Pendings
San Benito Co-193 of which REO/Bank Owned-34 or 18%
Hollister-149 of which REO/Bank Owned-24 or 16%

Absorption Rate
San Benito Co-.80 months supply of inventory or 24-days
Hollister-.74 months supply of inventory or 22-days
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Solds for the week: 17
High: $545,000 Short Sale, New Conv 1st
Low: $ 81,871 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 12 or 70%
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Sale Type
Short Sale: 11 or 65%
REO/Bank Owned: 4 or 24%
Traditional Sale: 2 or 12%
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Financing Type
FHA Loan: 8 or 47%
New Conv 1st: 7 or 41%
VA 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

Lori McClelland — Sat, 24 Sep 2011 13:19:03 +0000

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!

Hollister, San Benito County Real Estate Market Update for September 17, 2011

Lori McClelland — Sat, 17 Sep 2011 13:35:01 +0000

Image via Wikipedia

Single Family Residential
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Actives:
San Benito County-167 of which REO/Bank Owned-22 or 13%
Hollister-120 of which REO/Bank Owned-16 or 13%

Pendings:
San Benito County-203 of which REO/Bank Owned-33 or 16%
Hollister-157 of which REO/Bank Owned-25 or 16%

Absorption Rate:
San Benito County-.82 months suppply of inventory or 25-days
Hollister-.76 months supply of inventory or 23-days
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Solds for the week: 9
High: $397,000 Short Sale, New Conv 1st
Low: $182,000 REO/Bank Owned, USDA Loan
Full-Price/Over-Asking Price: 7 or 78%
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Sale Type:
Short Sale-5 or 56%
REO/Bank Owned-3 or 33%
Traditional Sale-1 or 11%
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Financing Type:
New Conv 1st-4 or 44%
FHA Loan-2 or 22%
USDA Loan-2 or 22%
All CASH-2 or 22%
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Hollister, San Benito County Real Estate Market Update for August 13th, 2011

Lori McClelland — Sat, 13 Aug 2011 13:52:31 +0000

Image via Wikipedia

Single Family
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Active
San Benito County-171 of which REO/Bank Owned-24 or 14%
Hollister-121 of which REO/Bank Owned-17 or 14%

Pending
San Benito County-180 of which REO/Bank Owned-31 or 17%
Hollister-140 of which REO/Bank Owned-24 or 17%

Absorption Rate
San Benito County-.95 months supply of inventory or 29 days
Hollister-.86 months supply of inventory or 26 days
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Solds for the week: 13
High: $435,000, Flip, All Cash
Low: $110,199, REO/Bank Owned, All Cash
Full-Price/Over-Asking: 5 or 38%
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Sale Type
REO/Bank Owned: 7 or 54%
Short Sale: 3 or 23%
Traditional Sale: 3 or 23%
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Financing Type
All CASH: 5 or 38%
New Conv 1st: 3 or 23%
FHA Loan: 2 or 15%
USDA Loan: 2 or 15%
VA Loan: 1 or 9%
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Happy to say Bye Bye to the most stressful week I think I’ve had in the business….Bye Bye Now!

Hollister, San Benito County Real Estate Market Update for August 6th, 2011

Lori McClelland — Sat, 06 Aug 2011 13:37:29 +0000

Image via Wikipedia

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!

Hollister, San Benito County Real Estate Market Update for July 30th, 2011

Lori McClelland — Sat, 30 Jul 2011 13:51:23 +0000

Image via Wikipedia

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….