Hollister, San Benito County Real Estate Market Update for July 27, 2013

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

Solds for the Week of 07-27-13

Single Family Residential

_______________________________________________________
Actives
San Benito County-86 of which REO/Bank Owned-3 or 3%, Short Sales-2 or 2%
Hollister-56 of which REO/Bank Owned-2 or 4%, Short Sales-2 or 4%
Pendings
San Benito County-95 of which REO/Bank Owned-1 or 1%, Short Sales-47 or 49%
Hollister-77 of which REO/Bank Owned-None, Short Sale-41 or 53%
Absorption Rate
San Benito County-.91 months supply of inventory or 27-days
Hollister-.73 months supply of inventory or 22-days
_______________________________________________________
Solds for the Week: 9
High: $757,500.00 New Conv 1st, Regular Sale
Low:  $250,000.00 FHA Loan, Regular Sale
Full-Price/Over-Asking: 8 or 89%
_______________________________________________________
Sale Type
Regular Sale: 9 or 100%
REO/Bank Owned: None
Short Sales: None
_______________________________________________________
Financing Type
New Conv 1st: 3 or 33%
FHA Loan: 3 or 33%
VA Loan: 2 or 22%
All CASH: 1 or 12%
_______________________________________________________

Looks like we are witnessing a real slow down in the market!
For the longest time our absorption rate for San Benito County has
been running about 16-18 days and now it’s up to 27-days. Almost
a 60% increase.
For Hollister the absorption rate had been running 10-14 days and
now it is up to 22-days.  Almost a 50% increase.
Properties are still selling for full-price or over! Seller’s are most likely
lucky to get a couple offer’s vs 5 or 10 and some contingent offer’s
are now showing up in the marketplace too!
Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for June 15, 2013

Solds for the Week of 06-15-13

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

 

Single Family Residential

___________________________________________________________________
Actives
San Benito County-66 of which REO/Bank Owned-1 or 2%, Short Sales-3 or 5%
Hollister-40 of which REO/Bank Owned-1 or 3%, Short Sales-1 or 3%
Pendings
San Benito County-112 of which REO/Bank Owned-4 or 4%, Short Sales-53 or 47%
Hollister-91 of which REO/Bank Owned-2 or 2%, Short Sales-47 or 51%
Absorption Rate
San Benito County- .59 months supply of inventory or 18-days
Hollister-.44 months supply of inventory or 13-days
___________________________________________________________________
Solds for the Week: 12
High: $529,800 Regular Sale, FHA Loan
Low: $205,000, Regular Sale, New Conv 1st
Full-Price/Over-Asking: 10 or 83%
Average Square Footage: 1901sf
Average Sales Price: $384,400.00
Average Price/Square Foot: $212.97
___________________________________________________________________
Sale Type
Regular Sale: 10 or 83%
REO/Bank Owned: 1 or 8%
Short Sale: 1 or 8%
___________________________________________________________________
Financing Type
New Conv 1st: 4 or 33%
FHA Loan: 3 or 25%
VA Loan: 2 or 17%
USDA Loan: 2 or 17%
All CASH: 1 or 8%
___________________________________________________________________
Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for February 2, 2013

Solds for the Week of 02-02-13

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

 

Single Family Residential

_____________________________________________________________________
Actives:
San Benito County-55 of which REO/Bank Owned-3 or 5%, Short Sales-5 or 9%
Hollister-33 of which REO/Bank Owned-2 or 6%, Short Sales-5 or 15%
Pendings:
San Benito County-139 of which REO/Bank Owned-10 or 7%, Short Sales-82 or 59%
Hollister-117 of which REO/Bank Owned-9 or 8%, Short Sales-71 or 61%
Absorption Rate:
San Benito County-.39 months supply of inventory or 12-days
Hollister-.28 months supply of inventory or 8.5-days
_____________________________________________________________________
Solds for the Week: 14
High: $875,000 New Conv 1st, Traditional Sale (Dr. Bruce’s Vet Clinic)
Low:  $173,500 FHA Loan, REO/Bank Owned
Full-Price/Over-Asking: 4 or 29%
Average Price/Square Foot: $201.49
Average Sales Price: $429,607.00
_____________________________________________________________________
Sale Type
Traditional Sale: 11 or 79%
REO/Bank Owned: 2 or 14%
Short Sale: 1 or 7%
_____________________________________________________________________
Financing Type
New Conv 1st: 5 or 37%
FHA Loan: 4 or 28%
VA Loan: 2 or 14%
USDA Loan: 2 or 14%
All Cash: 1 or 7%
_____________________________________________________________________
**Of Note:
2843 Ty Drive was listed at $499,900. We were aware of at least 11 offer’s on the property and it closed for an astounding $605,000!
Sold for 20% over list price, OMG! That’s crazy!!!
Enhanced by Zemanta

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
____________________________________________________________
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%
____________________________________________________________
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%
____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for August 27, 2011

Official seal of County of San Benito
Image via Wikipedia

Actives
San Benito County-175 of which REO/Bank Owned-24 or 14%
Hollister-122 of which REO/Bank Owned-16 or 13%

Pendings
San Benito County-190 of which REO/Bank Owned-33 or 17%
Hollister-150 of which REO/Bank Owned-27 or 13%

Absorption Rate
San Benito County-.92 months supply of inventory or 27-days
Hollister-.81 months supply of inventory or 24-days
____________________________________________________________
Solds for the week: 8
High:$465,000 Short Sale, New First
Low: $154,650 Short Sale, USDA Loan
Full-Price/Over-Asking: 4 or 50%
____________________________________________________________
Sale Type
Short Sale: 5 or 62.5%
Traditional Sale: 2 or 25%
REO/Bank Owned: 1 or 12.5%
____________________________________________________________
Financing Type
New Conv. 1st: 4 or 50%
All CASH: 2 or 25%
FHA Loan: 1 or 12.5%
USDA Loan: 1 or 12.5%
____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for July 23, 2011

Official seal of County of San Benito
Image via Wikipedia

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
____________________________________________________________
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%
____________________________________________________________
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%
____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for July 9th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
Actives
San Benito County-201 of which REO/Bank Owned-26 or 13%
Hollister-143 of which REO/Bank Owned-18 or 13%

Pendings
San Benito County-155 or which REO/Bank Owned-33 or 21%
Hollister-122 of which REO/Bank Owned-27 or 22%

Absorption Rate
San Bentito County-1.3 months supply of inventory or 39-days
Hollister-1.17 months supply of inventory or 35-days
____________________________________________________________
Solds for the week: 9
High: $319,000 Investor Flip, USDA Loan
Low:  $200,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 4 or 44%
____________________________________________________________
Sale Type
REO/Bank Owned-4 or 44%
Traditional Sale-3 or 33%
Short Sale-2 or 22%
____________________________________________________________
Financing Type
FHA Loan-4 or 44%
USDA Loan-2 or 22%
All CASH-2 or 22%
New Conv 1st-1 or 11%
____________________________________________________________

I’m BACK!!!

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for June 11, 2011

Official seal of County of San Benito
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
____________________________________________________________
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%
____________________________________________________________
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%
____________________________________________________________
There you have it! Had my first eviction this week. Do I have a tale to tell about that!!!

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for June 4th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
Actives
San Benito County-183 of which REO/Bank Owned-30 or 16%
Hollister-123 of which REO/Bank Owned-21 or 17%

Pendings
San Benito County-162 of which REO/Bank Owned-35 or 22%
Hollister-133 of which REO/Bank Owned-29 or 22%

Absorption Rate
San Benito County-1.13 months supply of inventory or 34-days
Hollister-.92 months supply of inventory or 28-days
____________________________________________________________
Solds for the week: 11
High: $375,000 Short Sale, FHA Loan
Low:  $180,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 6 or 55%
____________________________________________________________
Sale Type
Short Sale: 5 or 45%
REO/Bank Owned: 3 or 27.5%
Traditional Sale: 3 or 27.5%
____________________________________________________________
Financing Type
FHA Loan: 8 or 72%
New Conv 1st: 2 or 18%
VA Loan: 1 or 10%
____________________________________________________________
Let’s just say a property is worth what a buyer is willing to pay for it. The seller’s greed does not justify the buyers need. That being said….there’s a property in the list today that I had a buyer offer $650 for … way back when it was listed for $799 and was over priced for the market. The buyer’s agent’s response….my seller won’t give the property away….4 years later…it just sold for $357 uh huh!!!

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for May 28th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
Actives:
San Benito County-184 of which REO/Bank Owned-26 or 14%
Hollister-125 of which REO/Bank Owned-20 or 16%

Pendings:
San Benito County-162 of which REO/Bank Owned-38 or 23%
Hollister-138 of which REO/Bank Owned-32 or 23%

Absorption Rate:
San Benito County-1.13 months supply of inventory or 34-days
Hollister-.91 months supply of inventory or 27-days
____________________________________________________________
Solds for the week: 15
High: $629,000 Regular Sale, New Conv. 1st
Low:  $180,000 Short Sale, All Cash
Full-Price/Over-Asking:8 or 53%
____________________________________________________________
Sale Type:
Short Sale-8 or 53%
REO/Bank Owned-4 or 27%
Regular Sale-3 or 20%
____________________________________________________________
Financing Type:
New Conv. 1st-7 or 47%
FHA Loan-4 or 27%
All Cash-2 or 13%
VA Loan-1 or 6.5%
USDA Loan-1 or 6.5%
____________________________________________________________

Enhanced by Zemanta