Lori Uhl McClelland's Blog

Single Family Residential

____________________________________________________________

Actives:

San Benito County-139 of which REO/Bank Owned-28 or 20%

Hollister-76 of which REO/Bank Owned-17 or 22%

Pendings:

San Benito County-222 of which REO/Bank Owned-47 or 21%

Hollister-186 of which REO/Bank Owned-37 or 20%

Absorption Rate:

San Benito County-.63 months supply of inventory or 19 days

Hollister-.41 months supply of inventory or 12 days

____________________________________________________________

Solds for the week: 19

High: $725,000 Equity Sale-New Conv. 1st

Low:  $214,000 Equity Sale-FHA Loan

Full-Price or Over-Asking: 9 or 47%

____________________________________________________________

Sale Type

REO/Bank Owned: 10 or 53%

Short Sale: 2 or 11%

Equity Sale: 7 or 37%

____________________________________________________________

Financing Type

New Conv. 1st: 8 or 42%

FHA Loan: 7 or 37%

All CASH: 2 or 11%

VA Loan: 2 or 11%

Wow! A big week for closings…..Wondering if now we’re over the hump of lenders having to use the new GFE-Good Faith Estimate. We have not seen this many Equity Sales close in one week in I can’t remember and the high closing was in the $700,000 range and the low was in the $200,000 range. For weeks we’ve had closings under $200,000.

Single Family Residential

____________________________________________________________

 Actives:

San Benito County-144 of which REO/Bank Owned-28 or 19%

Hollister-76 of which REO/Bank Owned-19 or 25%

Pendings:

San Benito County-222 of which REO/Bank Owned-47 or 21%

Hollister-190 of which REO/Bank Owned-36 or 19%

Absorption Rate:

San Benito County-.65 month’s supply of inventory or 20days

Hollister-.40 month’s supply of inventory or 12days

____________________________________________________________

 Solds for the weeks: 8

High-$700,000 Short Sale, New Conv.1st

Low- $175,000 REO/Bank Owned, New Conv.1st

Full-Price or Over-Asking-7 or 88%

____________________________________________________________

Sale Type:

REO/Bank Owned-6 or 75%

Short Sale-2 or 25%

Equity Sale-none

____________________________________________________________

 Financing Type:

New Conventional 1st-5 or 63%

FHA Loan-1 or 13%

USDA Loan-1 or 13%

All Cash-1 or 13%

http://www.thinkbigworksmall.com/mypage/player/tbws/23622/1079262

2010 Hollister/San Benito County Housing Expo Flyer

2010 Hollister/San Benito County Housing Expo Agenda

My office is pleased that we are participating in the upcoming 2010 Housing Expo for Hollister and San Benito County.  All agents in my office are CDPE credentialed ~ Certified Distressed Property Expert.  We will have a display table with valuable information available offered to help distressed homeowners. We will be at the event on Thursday 25th. Stop by and say hello!

Single Family Residential

____________________________________________________________

Active:

  San Benito County-133 of which REO/Bank Owned-20 or 15%

  Hollister-72 of which REO/Bank Owned-11 or 15%

Pending:

  San Benito County-218 of which REO/Bank Owned-51 or 23%

  Hollister-102 of which REO/Bank Owned-42 or 41%

Absorption Rate:

  San Benito County-.61 month’s supply of inventory or 18 days

  Hollister-.71 month’s supply of inventory or 21 days

____________________________________________________________

Solds for the week: 10

  High-$345,000  REO/Bank Owned, New Conv. 1st

  Low- $165,000  REO/Bank Owned, FHA Loan

Full Price or Over Asking-7 or 70%

____________________________________________________________

Sale Type

  REO/Bank Owned-7 or 70%

  Short Sale-3 or 30%

  Equity Sale- none

____________________________________________________________

Financing Type

  New Conv. 1st-5 or 50%

  FHA Loan-4 or 40%

  All CASH-1 or 10%

Single Family Residential

____________________________________________________________

Active:

  San Benito County-134 of which REO/Bank Owned-25 or 19%

  Hollister-70 of which REO/Bank Owned-16 or 23%

Pending:

  San Benito County-215 of which REO/Bank Owned-50 or 23%

  Hollister-180 of which REO/Bank Owned-40 or 22%

Absorption Rate:

  San Benito County-.62 month’s supply of inventory or 19days

  Hollister-.39 month’s supply of inventory or 12days

____________________________________________________________

Solds for the week: 7 (a light week for closings)

  High-$524,700  REO/Bank Owned, New Conv. 1st

  Low-$210,000 Short Sale, FHA Loan

Full Price or Over Asking: 5 or 71%

____________________________________________________________

Sale Type

REO/Bank Owned-2 or 29%

Short Sale-4 or 57%

Equity Sale-1 or 14%

____________________________________________________________

Financing Type

New Conv. 1st-4 or 57%

FHA Loan-3 or 43%

All Cash-none this week

____________________________________________________________

Single Family Residential

____________________________________________________________

Actives:

  San Benito County-136 of which REO/Bank Owned-28 or 21%

  Hollister-72 of which REO/Bank Owned-17 or 24%

Pendings:

  San Benito County-209 of which REO/Bank Owned-45 or 22%

  Hollister-178 of which REO/Bank Owned-38 or 21%

Absorption Rate:

  San Benito County-.65 months supply of inventory or 19.5 days.

  Hollister-.40 months supply of inventory or 12 days.

____________________________________________________________

Solds for the week: 9

High: $650,000 REO/Bank Owned, FHA Loan

Low:  $125,000 Equity Sale, All Cash

Full-Price or Over-Asking: 2 or 22%

____________________________________________________________

Sale Type

REO: 6 or 67%

Equity Sale: 3 or 33%

Short Sale: none

____________________________________________________________

 Financing Type

New Conv 1st: 2 or 22%

FHA Loan: 3 or 33%

All Cash: 4 or 44%

Single Family Residential

____________________________________________________________

Active:

  San Benito County-140 of which REO/Bank Owned-30 or 21%

  Hollister-80 of which REO/Bank Owned-22 or 28%

Pending:

  San Benito County-209 of which REO/Bank Owned-40 or 19%

  Hollister-173 of which REO/Bank Owned-31 or 18%

Absorption Rate:

  San Benito County-.67 months supply of inventory ~ 20 days

  Hollister-.46 months supply of inventory ~ 14 days

____________________________________________________________

Sold’s for the week: 14

  High-$565,000 Equity Sale, All Cash

  Low- $69,000 REO/Bank Owned, All Cash

Full-Price or Over-Asking: 7 or 50%

____________________________________________________________

Sale Type:

  REO/Bank Owned-7 or 50%

  Short Sale-2 or 14%

  Equity Sale-5 or 36%

____________________________________________________________

Financing Type:

  New Conv. 1st-5 or 36%

  FHA Loan-6 or 43%

  All Cash-2 or 14%

  VA Loan-1 or 7%

____________________________________________________________

A busy week of closings considering the holidays!

Single Family Residential

____________________________________________________________

Active:

  San Benito County-147 of which REO/Bank Owned-24 or 16%

  Hollister-84 of which REO/Bank Owned-16 or 19%

Pending:

  San Benito County-209 of which REO/Bank Owned-46 or 22%

  Hollister-171 of which REO/Bank Owned-38 or 22%

Absorption Rate:

  San Benito County-.70 months supply of inventory or 21 days

  Hollister-.49 months supply of inventory or 15 days

____________________________________________________________

Solds for the week: 17

  High-$705,000 – REO/Bank Owned – New Conv. 1st

  Low- $122,000 – REO/Bank Owned – All Cash

  Full-Price or Over- 11 or 65%

____________________________________________________________

Sale Type:

  REO/Bank Owned-12 or 70%

  Short Sale-4 or 24%

  Equity Sale-1 or 6%

____________________________________________________________

Financing Type:

  New Conv. 1st-8 or 47%

  FHA Loan-6 or 35%

  All Cash-3 or 18%

Single Family Residential

____________________________________________________________

Actives:

  San Benito County-133 of which REO/Bank Owned-19 or 14%

  Hollister-70 of which REO/Bank Owned-12 or 17%

Pendings:

  San Benito County-219 of which REO/Bank Owned-53 or 24%

  Hollister-180 of which REO/Bank Owned-42 or 23%

Absorption Rate:

  San Benito County-.61 months supply of inventory or 18 days

  Hollister-.39 months supply of inventory or 12 days

____________________________________________________________

Solds for the week: 10

  High-$641,500 REO/Bank Owned, New Conv. 1st

  Low- $135,000 REO/Bank Owned, All Cash

Full-Price or Over-Asking-7 or 70%

____________________________________________________________

Sale Type:

  REO/Bank Owned-5 or 50%

  Short Sale-3 or 30%

  Equity Sale-2 or 20%

____________________________________________________________

Financing Type:

  New Conv. 1st-5 or 50%

  FHA Loan-2 or 20%

  VA Loan-1 or 10%

  All Cash-2 or 20%

____________________________________________________________