Lori Uhl McClelland's Blog

Solds for the week 02-04-12

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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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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Single Family Residential
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Active
San Benito County-154 of which REO/Bank Owned-23 or 15%
Hollister-108 of which REO/Bank Owned-17 or 16%

Pendings
San Benito County-194 of which REO/Bank Owned-12 or 12%
Hollister-153 of which REO/Bank Owned-18 or 12%

Absorption Rate
San Benito County-.79 months supply of inventory or 24-days
Hollister-.71 months supply of inventory or 21-days
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Solds for the week: 14

High: $510,000 REO/Bank Owned, New Conv 1st
Low:  $165,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 5 or 36%
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Sale Type

REO/Bank Owned: 6 or 43%
Short Sale: 5 or 36%
Traditional Sale: 2 or 14%
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Financing Type

FHA Loan: 7 or 50%
New Conv. 1st: 4 or 29%
VA Loan: 1 or 7%
USDA Loan: 1 or 7%
VA Loan: 1 or 7%
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Single Family Residential
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Actives:
San Benito County-146 of which REO/Bank Owned-21 or 14%
Hollister-103 of which REO/Bank Owned-15 or 15%

Pendings:
San Benito County-195 of which REO/Bank Owned-27 or 14%
Hollister-152 of which REO/Bank Owned-19 or 13%

Absorption Rate:
San Benito County-.75 months supply of inventory or 23-days
Hollister-.68 months supply of inventory or 20-days
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Solds for the week: 7
High: $799,900 Traditional Sale, New Conv 1st
Low:  $230,000 Short Sale, VA Loan
Full-Price/Over-Asking: 1 or 14%
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Sale Type:
Traditional Sale-3 or 43%
Short Sale-3 or 43%
REO/Bank Owned-2 or 29%
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Financing Type:
New Conv 1st-4 or 57%
FHA Loan-1 or 14%
USDA Loan-1 or 14%
VA Loan-1 or 14%
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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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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!

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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!

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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-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%
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Financing Type
FHA Loan: 3 or 43%
New Conv 1st: 2 or 28%
USDA Loan: 1 or 14%
All Cash: 1 or 14%
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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
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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%
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Sale Type
REO/Bank Owned-4 or 44%
Traditional Sale-3 or 33%
Short Sale-2 or 22%
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Financing Type
FHA Loan-4 or 44%
USDA Loan-2 or 22%
All CASH-2 or 22%
New Conv 1st-1 or 11%
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I’m BACK!!!