Hollister, San Benito County Real Estate Market Update for June 12, 2010
Saturday, June 12, 2010 | Add a comment
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Single Family Residential
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Active:
San Benito County-169 of which REO/Bank Owned-26 or 15%
Hollister-98 of which REO/Bank Owned-21 or 21%
Pending:
San Benito County-195 of which REO/Bank Owned-33 or 17%
Hollister-165 of which REO/Bank Owned-31 or 19%
Absorption Rate:
San Bentio County-.87 months supply of inventory or 26/days
Hollister-.59 months supply of inventory or 18/days
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Solds for the week: 16
High-$545,000 Equity Sale, FHA Loan
Low- $220,000 Short Sale, New Conv. 1st
Full-Price or Over-Asking: 5 or 31%
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Sale Type:
Equity Sale-8 or 50%
Of those 8 – 5 were Investor FLIPS or
63% of the Equity Sales!
REO/Bank Owned-4 or 25%
Short Sale-4 or 25%
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Financing Type:
New Conv. 1st-8 or 50%
FHA Loan-6 or 38%
All CASH-2 or 12%
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I think I might need to add a new category under Sale Type: Investor FLIPS! 63% of the Equity Sales were Investor FLIPS and actually as a % of the total Solds they were 31%!
