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.

2010 City/County Housing Expo February 25th 9-5pm at the Vets Memorial Building downtown.

 If you can’t make or just plain don’t feel comfortable with a public forum setting…shoot us an e-mail.  We’ll be happy to drop a CD in the mail to you….contains Homeowner Reports, Pre-Listing Packet for a Short Sale and a few other little treasures!

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%

About Providence Properties

A little bit about us!

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

Single Family Residential

_________________________________________________________________________________

Actives:

San Benito County-149 of which REO/Bank Owned-29 or 19%

Hollister-83 of which REO/Bank Owned-20 or 24%

Pending’s:

San Benito County-211 of which REO/Bank Owned-47 or 22%

Hollister-180 of which REO/Bank Owned-36 or 20%

Absorption Rate:

San Benito County-.71 month’s supply of inventory or 21 days

Hollister-.46 month’s supply of inventory or 14 days

____________________________________________________________________________________________

Sold’s for the week: 9

High-$441,000 REO/Bank Owned (Sold at auction), FHA Loan

Low-$175,000 Short Sale, USDA Loan

Full-Price or Over-Asking Price-7 or 78%

____________________________________________________________________________________________

Sale Type:

REO/Bank Owned-5 or 56%

Short Sale-3 or 33%

Equity Sale-1 or 11%

____________________________________________________________________________________________

Financing Type:

FHA Loan-3 or 33%

New Conv. 1^st-4 or 4%

VA Loan-1 or 11%

USDA Loan-1 or 11%

Single Family Residential

____________________________________________________________

Actives:

San Benito County-144 of which REO/Bank Owned-23 or 16%

Hollister-82 of which REO/Bank Owned-16 or 20%

Pendings:

San Benito County-209 of which REO/Bank Owned-50 or 24%

Hollister-176 of which REO/Bank Owned-39 or 22%

Absorption Rate:

San Benito County-.69 months supply or 20 Days

Hollister-.47 months supply or 14 Days

____________________________________________________________

Solds for the week: 9

High-$600,000 REO/Bank Owned, New Conv. 1st

Low- $150,000 REO/Bank Owned, New Conv. 1st

Full-Price or Over-Asking-7 or 78%

____________________________________________________________

Sale Type

REO/Bank Owned-7 or 78%

Equity Sale-2 or 22%

Short Sale-none

____________________________________________________________

Financing Type

New Conv. 1st-2 or 22%

FHA Loan-2 or 22%

USDA Loan-2 or 22%

All CASH-3 or 33%

____________________________________________________________

Single Family Residential

____________________________________________________________

Active:

San Benito County-143 of which REO/Bank Owned-22 or 15%

Hollister-82 of which REO/Bank Owned-14 or 17%

Pending:

San Benito County-207 of which REO/Bank Owned-47 or 23%

Hollister-172 of which REO/Bank Owned-39 or 23%

Absorption Rate:

San Benito County-.69 months supply of inventory or 21 Days

Hollister-.48 months supply of inventory or 14 Days

____________________________________________________________

Solds for the week: 17

High: $1,225,000 Equity Sale, New Conv. 1st

Low:  $79,900 REO/Bank Owned, All CASH

Full-Price or Over-Asking: 7 or 41%

____________________________________________________________

Sale Type

REO/Bank Owned: 11 or 65%

Short Sale: 1 or 6%

Equity Sale: 5 or 29%

____________________________________________________________

Financing Type

New Conv. 1st: 9 or 52%

FHA Loan: 4 or 24%

All CASH: 4 or 24%

____________________________________________________________

 Wow! A big week for closings….

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

____________________________________________________________