Lori Uhl McClelland's Blog » REO’s

Hollister, San Benito County Real Estate Market Update for January 7th, 2012

Lori McClelland — Sat, 07 Jan 2012 13:30:49 +0000

Solds for the week 01-07-12

Single Family Residential

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Actives:

San Benito County- 115 of which REO/Bank Owned-19 or 16.5% and Short Sales-32 or 28%

Hollister-75 of which REO/Bank Owned-15 or 20% and Short Sales-28 or 37%

Pendings:

San Benito County-184 of which REO/Bank Owned-24 or 13% and Short Sales-130 or 71%

Hollister-145 of which REO/Bank Owned-18 or 12% and Short Sales-104 or 72%

Absorption Rate:

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

Hollister-.52 months supply of inventory or 16-Days

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Solds for the week: 5

High: $342,000 Traditional Sale, All CASH

Low: $225,999 Short Sale, FHA Loan

Full-Price/Over-Asking: 2 or 40%

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Financing Type

All CASH: 2 or 40%

FHA Loan: 2 or 40%

New Conv. 1st: 1 or 20%

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Sale Type

Traditional Sale: 2 or 40%

Short Sale: 2 or 40%

REO/Bank Owned: 1 or 20%

Hollister, San Benito County Real Estate Market Update for December 24, 2011

Lori McClelland — Sat, 24 Dec 2011 14:44:48 +0000

Solds for the week 12-24-11

Single Family Residential

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Actives:

San Benito County-119

REO/Bank Owned-19 or 16%

Short Sales-36 or 30%

Hollister-83

REO/Bank Owned-15 or 18%

Short Sales-32 or 39%

Pendings:

San Benito County-193

REO/Bank Owned-27 or 14%

Short Sales-132 or 68%

Hollister-156

REO/Bank Owed-22 or 14%

Short Sales-108 or 69%

Absorption Rate:

San Benito County-.62 month’s supply of inventory or 18.5 days

Hollister-.53 month’s supply of inventory or 16 days

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Solds for the week: 5

High: $568,000 REO/Bank Owned, New Conv 1st

Low: $235,000 REO/Bank Owned, New Conv 1st

Full-Price/Over-Asking: 3 or 60%

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Sale Type

REO/Bank Owned: 3 or 60%

Short Sale: 1 or 20%

Traditional Sale: 1 or 20%

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Financing Type

New Conv 1st: 3 or 60%

FHA Loan: 2 or 40%

MERRY CHRISTMAS EVERYONE!

Hollister, San Benito County Real Estate Market Update for November 19th, 2011

Lori McClelland — Sat, 19 Nov 2011 15:00:26 +0000

SINGLE FAMILY RESIDENTIAL

ACTIVES

San Benito County-146 of which REO/Bank Owned-26 or 18% and Short Sale-46 or 32%

Hollister-102 of which REO/Bank Owned-21 or 21% and Short Sale-37 or 36%

PENDINGS

San Benito County-196 of which REO/Bank Owned-27 or 14% and Short Sale-132 or 67%

Hollister-158 of which REO/Bank Owned-23 or 15% and Short Sale-109 or 69%

ABSORPTION RATE

San Benito County-.75 month’s supply of inventory or 22.5 days

Hollister-.65 month’s supply of inventory or 19 days

Sold’s for the week: 12

High: $650,000 Short Sale, New Conv 1^st

Low: $90,000 REO/Bank Owned, All CASH

Full-Price/Over-Asking: 3 or 25%

Sale Type

REO/Bank Owned: 5 or 42%

Short Sale: 3 or 25%

Traditional Sale: 4 or 33%

Financing Type

New Conv 1^st : 7 or 58%

FHA Loan: 3 or 25%

All CASH: 2 or 17%

Solds for the week 11-19-11

Hollister, San Benito County Real Estate Market Update for October 8th, 2011

Lori McClelland — Sat, 08 Oct 2011 13:21:40 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-148 of which REO/Bank Owned-21 or 14%
Hollister-106 of which REO/Bank Owned-18 or 17%

Pendings
San Benito County-191 of which REO/Bank Owned-29 or 15%
Hollister-148 of which REO/Bank Owned-19 or 13%

Absorption Rate
San Benito County-.75 months supply of inventory or 23-days
Hollister-.72 months supply of inventory or 21-days
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Solds for the week: 17 (some late reportings)
High: $715,000 REO/Bank Owned, New Conv. 1st
Low: $135,000 REO/Bank Owned, New Conv. 1st
Full-Price/Over-Asking: 7 or 41%
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Sale Type
REO/Bank Owned-8 or 41%
Traditional Sale-5 or 29%
Short Sale-4 or 24%
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Financing Type
New Conv. 1st-10 or 59%
FHA Loan-5 or 29%
USDA Loan-1 or 6%
All CASH-1 or 6%
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Hollister, San Benito County Real Estate Market Update for September 24, 2011

Lori McClelland — Sat, 24 Sep 2011 13:19:03 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-156 of which REO/Bank Owned-21 or 13%
Hollister-109 of which REO/Bank Owned-16 or 15%

Pendings
San Benito County-203 of which REO/Bank Owned-36 or 18%
Hollister-156 of which REO/Bank Owned-26 or 17%

Absorption Rate
San Benito County-.77 months supply of inventory or 23-days
Hollister-.70 months supply of inventory or 21-days
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Solds for the week: 11
High: $393,000 Traditional Sale, New Conv. 1st
Low: $160,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 2 or 18%
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Sale Type
Traditional Sale: 6 or 55%
Short Sale: 4 or 36%
REO/Bank Owned: 1 or 9%
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Financing Type
New Conventional 1st: 6 or 55%
FHA Loan: 3 or 27%
USDA Loan: 1 or 9%
All CASH: 1 or 9
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The flippers appear to be alive and well this week!

Hollister, San Benito County Real Estate Market Update for September 17, 2011

Lori McClelland — Sat, 17 Sep 2011 13:35:01 +0000

Image via Wikipedia

Single Family Residential
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Actives:
San Benito County-167 of which REO/Bank Owned-22 or 13%
Hollister-120 of which REO/Bank Owned-16 or 13%

Pendings:
San Benito County-203 of which REO/Bank Owned-33 or 16%
Hollister-157 of which REO/Bank Owned-25 or 16%

Absorption Rate:
San Benito County-.82 months suppply of inventory or 25-days
Hollister-.76 months supply of inventory or 23-days
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Solds for the week: 9
High: $397,000 Short Sale, New Conv 1st
Low: $182,000 REO/Bank Owned, USDA Loan
Full-Price/Over-Asking Price: 7 or 78%
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Sale Type:
Short Sale-5 or 56%
REO/Bank Owned-3 or 33%
Traditional Sale-1 or 11%
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Financing Type:
New Conv 1st-4 or 44%
FHA Loan-2 or 22%
USDA Loan-2 or 22%
All CASH-2 or 22%
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Hollister, San Benito County Real Estate Market Update for September 10th, 2011

Lori McClelland — Sat, 10 Sep 2011 15:15:02 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-167 of which REO/Bank Owned-16 or 9.5%
Hollister-121 of which REO/Bank Owned-11 or 9%

Pendings
San Benito County-203 of which REO/Bank Owned-37 or 18%
Hollister-156 of which REO/Bank Owned-28 or 18%

Absorption Rate
San Benito County-.82 months supply of inventory or 25-days
Hollister-.77 months supply of inventory or 23-days
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Solds for the week: 2 (are you kidding me?)
High: $190,000 Short Sale, New Conv. 1st
Low: $175,000 Traditional Sale, New Conv. 1st
Full-Price/Over-Asking: None
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Sale Type
Short Sale: 1 or 50%
Traditional Sale: 1 or 50%
REO/Bank Owned: None
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Financing Type
New Conv. 1st: 2 or 100%
FHA Loan: none
All CASH: none
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Hollister, San Benito County Real Estate Market Update for September 3rd, 2011

Lori McClelland — Sun, 04 Sep 2011 13:25:26 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-170 of which REO/Bank Owned-20 or 12%
Hollister-121 of which REO/Bank Owned-14 or 12%

Pendings
San Benito County-195 of which REO/Bank Owned-32 or 16%
Hollister-151 of which REO/Bank Owned-24 or 16%

Absorption Rate
San Benito County-.87 months supply of inventory or 26-days
Hollister-.80 months supply of inventory or 24-days
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Solds for the week: 13
High: $740,000 Short Sale, New Conv 1st
Low: $149,900 Short Sale, New Conv 1st
Full-Price/Over-Asking: 8 or 62%
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Sale Type
REO/Bank Owned: 6 or 46%
Short Sale: 4 or 31%
Traditional Sale: 3 or 23%
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Financing Type
New Conv 1st: 7 or 54%
FHA Loan: 3 or 23%
All CASH: 3 or 23%
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Hollister, San Benito County Real Estate Market Update for August 27, 2011

Lori McClelland — Sat, 27 Aug 2011 12:24:56 +0000

Image via Wikipedia

Actives
San Benito County-175 of which REO/Bank Owned-24 or 14%
Hollister-122 of which REO/Bank Owned-16 or 13%

Pendings
San Benito County-190 of which REO/Bank Owned-33 or 17%
Hollister-150 of which REO/Bank Owned-27 or 13%

Absorption Rate
San Benito County-.92 months supply of inventory or 27-days
Hollister-.81 months supply of inventory or 24-days
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Solds for the week: 8
High:$465,000 Short Sale, New First
Low: $154,650 Short Sale, USDA Loan
Full-Price/Over-Asking: 4 or 50%
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Sale Type
Short Sale: 5 or 62.5%
Traditional Sale: 2 or 25%
REO/Bank Owned: 1 or 12.5%
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Financing Type
New Conv. 1st: 4 or 50%
All CASH: 2 or 25%
FHA Loan: 1 or 12.5%
USDA Loan: 1 or 12.5%
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Hollister, San Benito County Real Estate Market Update for August 20, 2011

Lori McClelland — Sat, 20 Aug 2011 12:30:52 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-176 of which REO/Bank Owned-26 or 15%
Hollister-118 of which REO/Bank Owned-15 or 13%

Pendings
San Benito County-192 of which REO/Bank Owned-30 or 16%
Hollister-156 of which REO/Bank Owned-26 or 17%

Absorption Rate
San Benito County-.92 months supply of inventory or 27-days
Hollister-.76 months supply of inventory or 23-days
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Solds for the week: 3
High: $670,000 Traditional Sale, New Conv 1st
Low: $232,300 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 1 or 33%
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Sale Type
REO/Bank Owned: 2 or 66%
Traditional Sale: 1 or 33%
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Financing Type
New Conv 1st: 2 or 66%
All CASH: 1 or 33%
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