Hollister, San Benito County Real Estate Market Update for August 22, 2015

Solds for the Week of 08-22-15

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

Single Family Residential

_________________________
Actives
San Benito County-91 of which REO/Bank Owned-3 or 3%, Short Sales-2 or 2%
Hollister-69 of which REO/Bank Owned-2 or 3%, Short Sales-2 or 3%
Pendings
San Benito County-81 of which REO/Bank Owned-1 or 1%, Short Sales-7 or 9%
Hollister-71 of which REO/Bank Owned-1 or 1%, Short Sales-4 or 6%
Absorption Rate
San Benito County-1.12 months supply of inventory or 34-days
Hollister-.97 months supply of inventory or 29-days
_________________________
Solds for the Week:8
High: $800,000 Regular Sale, New Conv 1st
Low:  $350,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 2 or 25%
Average DOM: 29 days
Average Square Footage: 1945sf
Average Price/Square Foot: $262.89/sf
Average Sale Price: $509,375.00
_________________________
Sale Type
Regular Sale: 7 or 87.5%
REO/Bank Owned: 1 or 12.5%
Short Sales: None
_________________________
Financing Type
FHA Loan: 4 or 50%
New Conv 1st: 3 or 37.5%
All CASH: 1 or 12.5%
_________________________
Sorry I didn’t get to this yesterday. Woke up to a dog that needed to go the the vet so never got to it.

Hollister, San Benito County Real Estate Market Update for May 11th, 2013

Solds for the Week of 05-11-13

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

 

Single Family Residential

_______________________________________________________________
Actives
San Benito County-57 of which REO/Bank Owned-None, Short Sales-4 or 7%
Hollister-36 of which REO/Bank Owned-None, Short Sales-3 or 8%
Pendings
San Benito County-139 of which REO/Bank Owned-8 or 17%, Short Sales-63 or 45%
Hollister-109 of which REO/Bank Owned-5 or 46%, Short Sales-50%
Absorption Rate
San Benito County-.41 months supply of inventory or 12-days
Hollister-.33 months supply of inventory or 10-days
________________________________________________________________
Solds for the Week: 7
High: $810,000 Traditional Sale, New Conv 1st
Low:  $180,000 Traditional Sale, New Conv 1st
Full-Price/Over-Asking: 3 or 43%
Average Sales Price: $465,986.00
Average Price/Square Foot: $222.00
Average Square Footage: 2129sf
________________________________________________________________
Sale Type
Traditional Sale: 7 or 100%
REO/Bank Owned: None
Short Sales: None
________________________________________________________________
Financing Type
New Conv. 1st: 4 or 57%
FHA Loan: 3 or 43%
All CASH: None
________________________________________________________________
Wow! Another week with NO Active REO/Bank Owned owned properties on the market. Every Sale this week was a Traditional Sale. No Short Sales or REO/Bank Owned closings…that’s a first! Another oddity, No CASH deals this week!
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Hollister, San Benito County Real Estate Market Update for February 23, 2013

Solds for the Week of 02-23-13

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

 

Single Family Residential

______________________________________________________________________
Actives
San Benito County-47 of which REO/Bank Owned-NONE, Short Sales-4 or 8.5%
Hollister-23 of which REO/Bank Owned-NONE, Short Sales-4 or 17%
Pendings
San Benito County-137 of which REO/Bank Owned-10 or 7%, Short Sales-77 or 56%
Hollister-114 of which REO/Bank Owned-9 or 6%, Short Sales-67 or 59%
Absorption Rate
San Benito County-.34 months supply of inventory or 10-Days
Hollister-.20 months supply of inventory or 6-Days
______________________________________________________________________
Solds for the Week: 6
High: $570,000 Traditional Sale, New Conv 1st
Low:  $125,000 REO/Bank Owned, New Conv 1st
Full-Price/Over-Asking: 2 or 33%
Average Sales Price: $340,000
Average Square Footage: 1765sf
Average Price/SF: $196
______________________________________________________________________
Sale Type
Traditional Sale: 5 or 83%
REO/Bank Owned: 1 or 17%
Short Sales: None
______________________________________________________________________
Financing Type
New Conv 1st: 4 or 66%
USDA Loan: 1 or 17%
All CASH: 1 or 17%
______________________________________________________________________
Wow! For the first time in at least 6 years there are NO ACTIVE REO/BANK OWNED HOMES!
Do I believe we are past the distressed property market…absolutely not! Do I think government intervention and lawsuit agreements with the banks have successfully ground the market to halt? You decide…..Think about this…low inventory, low interest rates, high buyer demand=raising prices….recipe for????
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Hollister, San Benito County Real Estate Market Update for February 9, 2013

Single Family Residential

Official seal of County of San Benito
Official seal of County of San Benito (Photo credit: Wikipedia)
_____________________________________________________________________
Actives
San Benito County-52 of which REO/Bank Owned-2 or 4%, Short Sales-3 or 6%
Hollister-29 of which REO/Bank Owned-2 or 7%, Short Sales-3 or 10%
Pendings
San Benito County-137 of which REO/Bank Owned-9 or 7%, Short Sales-82 or 60%
Hollister-116 of which REO/Bank Owned-7 or 6%, Short Sales-72 or 62%
Absorption Rate
San Benito County-.38 months supply of inventory or 11 days
Hollister-.25 months supply of inventory or 7.5 days
_____________________________________________________________________
Solds for the Week: 10
High: $579,900 Traditional Sale, New Conv 1st
Low:  $235,000 REO/Bank Owned, New Conv 1st
****Full-Price/Over-Asking: 8 or 80% – of those 3 were full-price and 5 were over list.
The lowest over-list was $10,000. The highest over was $49,000. The average $26,000
Ave. Square Footage: 2018sf
Ave. Sale Price: $374,090.00
Ave. Price/Square Foot: $181.18
______________________________________________________________________
Sale Type
Traditional Sale: 7 or 70%
REO/Bank Owned: 2 or 20%
Short Sale: 1 or 10%
______________________________________________________________________
Financing Type
All Cash: 3 or 30%
New Conv 1st: 3 or 30%
FHA Loan: 2 or 20%
VA Loan: 1 or 10%
USDA Loan: 1 or 10%
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Hollister, San Benito County Real Estate Market Update for January 5th, 2013

Solds for the Week of 01-05-13

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-2 or 4%, Short Sales-5 or 9%
Hollister-33 of which REO/Bank Owned-1 or 3%, Short Sales-4 or 12%
Pendings
San Benito County-135 of which REO/Bank Owned-11 or 8%, Short Sales-79 or 59%
Hollister-117 of which REO/Bank Owned-11 or 9%, Short Sales-69 or 59%
Absorption Rate
San Benito County-.40 months supply of inventory or 12-days
Hollister-.28 months supply of inventory or 8.4-days
_____________________________________________________________________
Solds for the Week: 2
High: $809,000 New Conv 1st, Traditional Sale
Low:  $243,000 New Conv 1st, Short Sale
Full-Price/Over-Asking: 1 or 50%
Ave. Price/Square Foot: $166
Ave. Sales Price: $526,000
_____________________________________________________________________
Sale Type
Traditional Sale: 1 or 50%
Short Sale: 1 or 50%
_____________________________________________________________________
Don’t EVER remember the inventory being this low…not even during the run-up of the market!
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Hollister, San Benito County Real Estate Market Update for May 12, 2012

Solds_for_the_week_05-12-12[1]

Single Family Residential
_______________________________________________________
Actives:
San Benito County-82 of which REO/Bank Owned-13 or 16%, Short Sales-13 or 16%
Hollister-43 of which REO/Bank Owned-9 or 21%, Short Sales-12 or 28%
 
Pendings:
San Benito County-191 of which REO/Bank Owned-29 or 15%, Short Sales-121 or 63%
Hollister-157 of which REO/Bank Owned-21 or 13%, Short Sales-102 or 65%
 
Absorption Rate:
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.27 months supply of inventory or 8-Days
_______________________________________________________
Solds for the week: 9
High:$480,000  FHA Loan, Traditional Sale (new construction)
Low: $185,400 FHA Loan, Traditional Sale
Full-Price/Over-Asking: 5 or 55%
_______________________________________________________
Sale Type:
Traditional Sale-5 or 55%
Short Sale-3 or 33%
REO/Bank Owned-1 or 11%
_______________________________________________________
Financing Type:
FHA Loan-5 or 55%
New Conv 1st-3 or 33%
All CASH-1 or 11%

Hollister, San Benito County Real Estate Market Update for May 5, 2012

Solds_for_the_week_of_05-05-12[1]

Single Family Residential
_______________________________________________________
Actives:
San Benito County-78 of which REO/Bank Owned-9 or 11.5%, Short Sales-15 or 19%
Hollister-42 or which REO/Bank Owned-7 or 17%, Short Sales-14 or 33%
 
Pendings:
San Benito County-195 of which REO/Bank Owned-30 or 15%, Short Sales-121 or 62%
Hollister-161 of which REO/Bank Owned-21 or 13%, Short Sales-104 or 65%
 
Absorption Rate:
San Benito County-.4 months supply of inventory or 12-Days
Hollister-.26 months supply of inventory or 7.8-Days
_______________________________________________________
Solds for the Week: 17
High: $570,000 REO/Bank Owned, New Conv 1st
Low:  $162,500, REO/Bank Owned, All CASH
Full-Price/Over-Asking: 9 or 53%
_______________________________________________________
Sale Type:
REO/Bank Owned-8 or 47%
Traditional Sale-6 or 35%
Short Sales-3 or 18
_______________________________________________________
Financing Type:
New Conv 1st-6 or 35%
FHA Loan-5 or 29%
USDA Loan-24%
VA Loan-1 or 6%
All CASH-1 or 6%

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Hollister, San Benito County Real Estate Market Update for March 10, 2012

Single Famiy Residential

________________________________________________________

Actives

San Benito County-119 of which REO/Bank Owned-27 or 23%, Short Sales-30 or 2%

Hollister-79 of which REO/Bank Owned-19 or 24%, Short Sales-28 or 35%

Pendings

San Benito County-186 of which REO/Bank Owned-25 or 13%, Short Sales-114 or 61%

Hollister-149 of which REO/Bank Owned-20 or 13%, Short Sales-91 or 61%

Absorption Rate

San Benito County-.64 months supply of inventory or 19-days

Hollister-.53 months supply of inventory or 16-days

________________________________________________________

Solds for the week: 8

High: $290,000 Short Sale, New Conv. 1st

Low: $86,500 REO/Bank Owned, All CASH

Full-Price/Over-Asking: 4 or 50%

________________________________________________________

Sale Type

Short Sale: 3 or 37.5%

Traditional Sale: 3 or 37.5%

REO/Bank Owned: 2 or 25%

________________________________________________________

Financing Type

All CASH: 3 or 37.5%

FHA Loan: 2 or 25%

USDA Loan: 2 or 25%

New Conv. 1st: 1 or 12.5%

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