Hollister, San Benito County Real Estate Market Update for July 20, 2013

Solds for the Week of 07-20-13

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

 

Single Family Residential

____________________________________________________
Actives
San Benito County-74 of which REO/Bank Owned-3 or 4%, Short Sales-2 or 3%
Hollister-47 of which REO/Bank Owned-2 or 4%, Short Sales-2 or 4%
Pendings
San Benito County-101 of which REO/Bank Owned-1 or 1%, Short Sales-46 or 46%
Hollister-82 of which REO/Bank Owned-none, Short Sales-40 or 49%
Absorption Rate
San Benito County-.73 months supply of inventory or 22-days
Hollister-.57 months supply of inventory or 17-days
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Solds for the Week: 8
High: $576,000 Regular Sale, New Conv 1st
Low:  $230,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 8 or 100%
Average Square Footage: 1893sf
Average Price/Square Foot: $205/sf
Average Sales Price: $389,500
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Sale Type
Regular Sale: 6 or 75%
Short Sale: 2 or 25%
REO/Bank Owned: None
____________________________________________________
Financing Type
New Conv 1st: 4 or 50%
FHA Loan: 2 or 25%
VA Loan: 1 or 12.5%
USDA Loan: 1 or 12.5%
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Wow! 2 of the Solds this week are Janet’s!! That’s 25% of the Solds. WTG Janet
Inventory continues to creep up so again I have to wonder if it’s the increase in Interest Rates of the last month or is it part of the mid-summer lull in the market that we see every summer….Guess only time will tell.
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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!!!
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Hollister, San Benito County Real Estate Market Update for December 15th, 2012

Solds for the Week of 12-15-12

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

 

Single Family Residential

_____________________________________________________________________
Actives
San Benito County-60 of which REO/Bank Owned-7 or 12%, Short Sales-3 or 5%
Hollister-37 of which REO/Bank Owned-5 or 14%, Short Sales-1 or 3%
Pendings
San Benito County-152 of which REO/Bank Owned-11 or 7%, Short Sales-90 or 59%
Hollister-121 of which REO/Bank Owned-8 or 7%, Short Sale-76 or 63%
Absorption Rate
San Benito County-.39 months supply of inventory or 12-days
Hollister-.31 months supply of inventory or 9-days
_____________________________________________________________________
Solds for the Week: 12
High: $625,000 Regular Sale, All CASH
Low:  $226,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 3 or 25%
Average Price/Square Foot: $183.50
Average Sales Price: $401,825.00
_____________________________________________________________________
Sale Type
Regular Sale: 8 or 67%
Short Sale: 4 or 33%
REO/Bank Owned: None
_____________________________________________________________________
Financing Type
New Conv. 1st: 4 or 42%
FHA Loan: 4 or 42%
All CASH: 1 or 8%
USDA Loan: 1 or 8%
_____________________________________________________________________
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Hollister, San Benito County Real Estate Market Update for February 4th, 2012

Solds for the week 02-04-12

Single Family Residential
______________________________________________________
Actives:
San Benito County-121 of which REO/Bank Owned-13 or 11%, Short Sale-33 or 27%
Hollister-77 of which REO/Bank Owned-10 or 13%, Short Sale-27 or 35%
 
Pendings:
San Benito County-174 of which REO/Bank Owned-29 or 16%, Short Sale-111 or 64%
Hollister-137 of which REO/Bank Owned-22 or 16%, Short Sale-89 or 65%
 
Absorption Rate:
San Benito County-.70 months supply of inventory or 21-Days
Hollister-.56 months supply of inventory or 17-Days
______________________________________________________
Solds for the week: 7
High: $360,000 Short Sale, New Conv. 1st
Low:  $207,000 Short Sale, USDA Loan
Full-Price/Over-Asking: 2 or 29%
______________________________________________________
Sale Type
Short Sale: 5 or 72%
REO/Bank Owned: 1 or 14%
Traditional Sale: 1 or 14%
______________________________________________________
Financing Type
New Conv. 1st: 3 or 42%
FHA Loan: 2 or 29%
USDA Loan: 2 or 29%

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

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
____________________________________________________________
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%
____________________________________________________________
Sale Type
Short Sale: 7 or 64%
REO/Bank Owned: 3 or 27%
Traditional Sale: 1 or 9%
____________________________________________________________
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

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%
____________________________________________________________

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Hollister, San Benito County Real Estate Market Update for October 22, 2011

Official seal of County of San Benito
Image via Wikipedia

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
____________________________________________________________
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%
____________________________________________________________
Sale Type

REO/Bank Owned: 6 or 43%
Short Sale: 5 or 36%
Traditional Sale: 2 or 14%
____________________________________________________________
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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Hollister, San Benito County Real Estate Market Update for October 15, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
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
____________________________________________________________
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%
____________________________________________________________
Sale Type:
Traditional Sale-3 or 43%
Short Sale-3 or 43%
REO/Bank Owned-2 or 29%
____________________________________________________________
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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Hollister, San Benito County Real Estate Market Update for October 8th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
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
____________________________________________________________
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%
____________________________________________________________
Sale Type
REO/Bank Owned-8 or 41%
Traditional Sale-5 or 29%
Short Sale-4 or 24%
____________________________________________________________
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 September 24, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
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
____________________________________________________________
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%
____________________________________________________________
Sale Type
Traditional Sale: 6 or 55%
Short Sale: 4 or 36%
REO/Bank Owned: 1 or 9%
____________________________________________________________
Financing Type
New Conventional 1st: 6 or 55%
FHA Loan: 3 or 27%
USDA Loan: 1 or 9%
All CASH: 1 or 9
____________________________________________________________
The flippers appear to be alive and well this week!

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