Hollister, San Benito County Real Estate Market Update for May 31, 2014

Solds for the Week of 05-31-14

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

 

Single Family Residential

_____________________________
Actives
San Benito County-93 of which REO/Bank Owned-1 or 1%, Short Sales-4 or 4%
Hollister-53 of which REO/Bank Owned-1 or 2%, Short Sales-3 or 6%
Pendings
San Benito County-95 of which REO/Bank Owned-2 or 2%, Short Sales-18 or 19%
Hollister-73 of which REO/Bank Owned-2 or 3%, Short Sales-16 or 22%
Absorption Rate
San Benito County-.98 months supply of inventory or 29-days
Hollister-.73 months supply of inventory or 22-days
_____________________________
Solds for the Week: 10
High: $1,200,000 Regular Sale, New Conv 1st
Low:  $281,925 Regular Sale, All Cash
Full-Price/Over-Asking:1 or 10%
Average DOM: 68 days
Average Square Footage: 2168sf
Average Price/Square Foot: $245.92/sf
Average Sale Price: $523,205
_____________________________
Sale Type
Regular Sale: 10 or 100%
REO/Bank Owned: None
Short Sales: None
_____________________________
Financing Type
New Conv 1st: 7 or 70%
FHA Loan: 1 or 10%
VA Loan: 1 or 10%
All Cash: 1 or 10%
_____________________________
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Hollister, San Benito County Real Estate Market Update for April 5th, 2014

Solds for the Week of 04-05-14

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

 

Single Family Residential

_________________________________
Actives
San Benito County-84 of which REO/Bank Owned-1 or 1%, Short Sales-1 or 1%
Hollister-44 of which REO/Bank Owned-1 or 2%, Short Sales-1 or 2%
Pendings
San Benito County-100 of which REO/Bank Owned-2 or 2%, Short Sales-22 or 22%
Hollister-79 of which REO/Bank Owned-2 or 3%, Short Sales-19 or 24%
Absorption Rate
San Benito County-.84 months supply of inventory or 25-days
Hollister-.56 months supply of inventory or 17-days
_________________________________
Solds for the Week: 5
High: $995,000 Regular Sale, All Cash
Low:  $350,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 2 or 40%
Average DOM: 56-days
Average Square Footage: 2527sf
Average Price/Square Foot: $233.89/sf
Average Sales Price: $593,940.00
_________________________________
Sale Type
Regular Sale: 3 or 60%
Short Sale: 2 or 40%
REO/Bank Owned: None
_________________________________
Financing Type
New Conv 1st: 3 or 60%
All Cash: 2 or 40%
________________________________
Cash is king! The 2 highest priced sales this week
were all CASH!!!
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Hollister, San Benito County Real Estate Market Update for March 29, 2014

Solds for the Week of 03-29-14

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

 

Single Family Residential

_________________________________
Actives
San Benito County-76 of which REO/Bank Owned-None, Short Sales-None
Hollister-36 of which REO/Bank Owned-None, Short Sales-None
Pendings
San Benito County-103 of which REO/Bank Owned-3 or 3%, Short Sales-25 or 24%
Hollister-83 of which REO/Bank Owned-3 or 4%, Short Sales-21 or 25%
Absorption Rate
San Benito County-.74 months supply of inventory or 22-days
Hollister-.43 months supply of inventory or 13-days
_________________________________
Solds for the Week: 10
High: $829,900, Regular Sale, All Cash (Tammy’s Sale!)
Low:  $355,000, Regular Sale, New Conv 1st
Full-Price/Over Asking: 4 or 40%
Average DOM: 50-days
Average Square Footage: 2361sf
Average Price/Square Foot: $211.29/sf
Average Sale Price: $484,090.00
_________________________________
Sale Type
Regular Sale: 10 or 100%
REO/Bank Owned: None
Short Sales: None
_________________________________
Financing Type
New Conv 1st: 6 or 60%
All Cash: 3 or 30%
FHA Loan: 1 or 10%
_________________________________
20% of the Solds this week were Tammy’s including the high sale of the week, WTG!
Wow! Seller’s now is your time to cash in on the low inventory!!! I don’t recall the inventory
ever being as low as it is right now, only 36 single family homes…Something to think about…
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Hollister, San Benito County Real Estate Market Update for March 8th, 2014

Solds for the Week of 03-08-14

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

 

Single Family Residential

______________________________
Actives
San Benito County-86 of which REO/Bank Owned-1 or 1%, Short Sales-3 or 3%
Hollister-52 of which REO/Bank Owned-1 or 2%, Short Sales-1 or 2%
Pendings
San Benito County-88 of which REO/Bank Owned-1 or 1%, Short Sales-22 or 25%
Hollister-62 of which REO/Bank Owned-1 or 2%, Short Sales-19 or 30%
Absorption Rate
San Benito County-.98 months supply of inventory or 29-days
Hollister-.84 months supply of inventory or 25-days
______________________________
Solds for the Week: 5
High: $569,000 Regular Sale, New Conv 1st
Low: $310,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 4 or 80%
Average DOM: 31-days
Average Square Footage: 1888sf
Average Price/Square Foot: $223.58/sf
Average Sales Price: $422,880
______________________________
Sale Type
Regular Sale: 4 or 80%
Short Sale: 1 or 20%
REO/Bank Owned: None
______________________________
Financing Type
New Conv 1st: 3 or 60%
FHA Loan: 1 or 20%
USDA Loan: 1 or 20%
All Cash: None
_____________________________
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Hollister, San Benito County Real Estate Market Update for February 15th, 2014

Solds for the Week of 02-15-14

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

 

Single Family Residential

___________________________________
Actives
San Benito County-76 of which REO/Bank Owned-2 or 3%, Short Sales-5 or 7%
Hollister-44 of which REO/Bank Owned-2 or 5%, Short Sale-3 or 7%
Pendings
San Benito County-84 of which REO/Bank Owned-None, Short Sales-22 or 26%.
Hollister-60 of which REO/Bank Owned-None, Short Sales-18 or 30%
Absorption Rate
San Benito County-.90 months supply of inventory or 27-days
Hollister-.73 months supply of inventory or 22-days
__________________________________
Solds for the Week: 8
High: $815,000 Regular Sale, All Cash
Low:  $147,000 Regular Sale, All Cash
Full-Price/Over-Asking: 2 or 25%
Average DOM: 85-days
Average Square Footage: 1630sf
Average Price/Square Foot: $219.48/sf
Average Sales Price: $353,125.00
_________________________________
Sale Type
Regular Sale: 8 or 100%
REO/Bank Owned: None
Short Sales: None
________________________________
Financing Type
All CASH: 5 or 62.5%
FHA Loan: 3 or 37.5%
________________________________
Wow! What a weird week of closings…
CASH really is king 
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Hollister, San Benito County Real Estate Market Update for February 8th, 2014

Solds for the Week of 02-08-14

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

 

 

 

 

 

 

Single Family Residential

 

___________________________________

 

Actives

 

San Benito County-75 of which REO/Bank Owned-2 or 3%, Short Sales-3 or 4%

 

Hollister-44 of which REO/Bank Owned-2 or 5%, Short Sales-2 or 5%

Pendings
San Benito County-89 of which REO/Bank Owned-None, Short Sales-24 or 27%
Hollister-67 of which REO/Bank Owned-None, Short Sales-19 or 28%
Absorption Rate
San Benito County-.84 months supply of inventory or 25-days
Hollister-.65 months supply of inventory or 20-days
__________________________________
Solds for the Week: 5
High: $685,900 Regular Sale, New Conv 1st
Low:  $399,000 Regular Sale, VA Loan
Full-Price/Over-Asking: 4 or 80%
Average DOM: 61-days
Average Square Footage: 2178sf
Average Price/Square Foot: $246.29/sf
Average Sales Price: $537,148.00
__________________________________
Sale Type
Traditional Sale:4 or 80%
Short Sale: 1 or 20%
REO/Bank Owneds: None
__________________________________
Financing Type
New Conv 1st: 3 or 60%
FHA Loan: 1 or 20%
VA Loan: 1 or 20%
_________________________________
Seller’s where are you?
Multiple offer’s are making a come back if you get the price right!
No multiple offer’s….you didn’t get the price right 
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Hollister, San Benito County Real Estate Market Update for April 6th, 2013

Solds for the Week of 04-06-13

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

 

Single Family Residential

_____________________________________________________________________
Actives:
San Benito County-63 of which REO/Bank Owned-3 or 5%, Short Sales-4 or 6%
Hollister-40 of which REO/Bank Owned-2 or 5%, Short Sales-3 or 7.5%
Pendings:
San Benito County-134 of which REO/Bank Owned-4 or 3%, Short Sales-62 or 46%
Hollister-106 of which REO/Bank Owned-4 or 4%, Short Sales-54 or 51%
Absorption Rate:
San Benito County-.47 months supply of inventory or 14-days
Hollister-.38 months’ supply of inventory or 11-days
_____________________________________________________________________
Solds for the Week: 10
High: $675,000 Regular Sale, New Conv 1st
Low:  $163,000 Short Sale, New Conv 1st
Full-Price/Over-Asking: 7 or 70%
Average Sales Price: $313,800
Average Price/Square Foot: $178
Average Square Footage: 1748sf
_____________________________________________________________________
Sale Type
Traditional Sale: 6 or 60%
REO/Bank Owned: 3 or 30%
Short Sale: 1 or 10%
_____________________________________________________________________
Financing Type
All Cash: 4 or 40%
New Conv 1st: 3 or 30%
FHA Loan: 2 or 20%
VA Loan: 1 or 10%
_____________________________________________________________________
Looks like CASH remains king in the market! Investors continue to be driven
out of the bond market into stocks (risky) and into real estate.
People always need a roof over their head no matter what!
Cash buyers also validate the upper-ward pressure on values. No appraisal and
under-writing approval required just someone saying I see value at X dollars and I
want it!!!
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