Hollister, San Benito County Real Estate Market Update for October 2, 2010

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Single Family Residential

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Actives:

San Benito County-200 of which REO/Bank Owned-34 or 17%

Hollister-141 of which REO/Bank Owned-28 or 20%

Pendings:

San Benito County-182 of which REO/Bank Owned-38 or 23%

Hollister-151 of which REO/Bank Owned-32 or 21%

Absorption Rate:

San Benito County-1.1 months supply of inventory or 33 days

Hollister-.93 months supply of inventory or 28 days

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

High: $430,000 Equity Sale, All Cash

Low:  $98,0000 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 9 or 50%

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Sale Type

REO/Bank Owned: 10 or 56%

Equity Sale: 5 or 28% (2 of those were investor flips)

Short Sale: 3 or 17%

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Financing Type

All Cash: 6 or 33%

FHA Loan: 5 or 28%

New Conv 1st: 3 or 17%

VA Loan: 3 or 17%

USDA Loan: 1 or 6%

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Hollster, San Benito County Real Estate Market Update for September 25,2010

Seal of San Benito County, California
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Single Family Residential
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Actives:
San Benito County-202 of which REO/Bank Owned-36 or 18%
Hollister-145 of which REO/Bank Owned-30 or 21%

Pendings:
San Benito County-184 of which REO/Bank Owned-40 or 22%
Hollister-153 of which REO/Bank Owned-33 or 22%

Absorption Rate:
San Benito County-1.10 months supply of inventory or 33 days
Hollister- .95 months supply of inventory or 28.5 days
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Solds for the week: 10
High: $590,000 REO/Bank Owned, USDA Loan?
Low:  $125,900 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 2 or 20%
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Sale Type:
REO-6 or 60%
Short Sale-2 or 20%
Equity Sale-2 or 20% (1 was investor flip)
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Financing Type:
All CASH-4 or 40%
New Conv. 1st-2 or 20%
FHA Loan-2 or 20%
USDA Loan-2 or 20%

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