Lori Uhl McClelland's Blog

Single Family Residential

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Active:

San Benito County-149 of which REO/Bank Owned-24 or 16%

Hollister-87 of which REO/Bank Owned-20 or 23%

Pending:

San Benito County-212 of which REO/Bank Owned-33 or 16%

Hollister-177 of which REO/Bank Owned-27 or 15%

Absorption Rate:

San Benito County-.70 months supply of inventory or 15/days

Hollister-.49 months supply of inventory or 15/days

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Solds for the week: 18 (few late reportings skew the total)

High-$459,000 Short Sale, All CASH

Low- $140,000 REO/Bank Owned, All CASH

Full-Price/Over-Asking-9 or 50%

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Sale Type

REO/Bank Owned:7 or 39%

Short Sale:7 or 39%

Equity Sale:4 or 22%

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Financing Type

FHA Loan:7 or 39%

New Conv 1st:6 or 33%

All CASH:4 or 22%

USDA Loan:1 or 7%

Single Family Residential

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Actives:

San Benito County-153 of which REO/Bank Owned-22 or 14%

Hollister-91 of which REO/Bank Owned-18 or 20%

Pendings:

San Benito County-224 of which REO/Bank Owned-37 or 17%

Hollister-185 of which REO/Bank Owned-30 or 16%

Absorption Rate:

San Benito County-.68 months supply of inventory or 14-Days

Hollister-.49 months supply of inventory or 15-Days

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Solds for the week: 18

High-$499,900 Equity Sale-New Construction, FHA Loan

Low-$205,000 Equity Sale, FHA Loan

Full-Price or Over-Asking: 11 or 61%

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Sale Type

Equity Sale-8 or 44% (4 New Construction-Anderson Homes)

REO/Bank Owned-7 or 39%

Short Sale-3 or 17%

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Financing Type

New Conventional 1st-9 or 50%

FHA Loan-7 or 39%

VA Loan-1 or 6%

All CASH-1 or 6%

Single Family Residential

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Actives:

San Benito County-156 of which REO/Bank Owned-24 or 15%

Hollister-90 of which REO/Bank Owned-19 or 21%

Pendings:

San Benito County-234 of which REO/Bank Owned-39 or 17%

Hollister-198 of which REO/Bank Owned-32 or 16%

Absorption Rate:

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

Hollister-.45 months supply of inventory or 13.5-days

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Solds for the week: 9

High: $675,000 Equity Sale, New Conv. 1st

Low:  $240,000 Short Sale, New Conv. 1st

Full-Price or Over-Asking: 6 or 67%

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Sale Type:

REO/Bank Owned-4 or 44%

Short Sale-3 or 33%

Equity Sale-2 or 22%

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Financing Type:

New Conv. 1st-4 or 44%

All CASH-2 or 22%

USDA Loan-2 or 22%

FHA Loan-1 or 11%

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Single Family Residential

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Active:

San Benito County-149 of which REO/Bank Owned-22 or 15%

Hollister-93 of which REO/Bank Owned-19 or 20%

Pending:

San Benito County-240 of which REO/Bank Owned-39 or 16%

Hollister-200 of which REO/Bank Owned-32 or 16%

Absorption Rate:

San Benito County-.62 months supply of inventory or 19 days

Hollister-.47 months supply of inventory or 14 days

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Solds for the week: 11

High-$470,000 REO/Bank Owned, New Conv. 1st

Low- $70,000  REO/Bank Owned, All CASH

Full-Price or Over-Asking: 7 or 64%

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Sale Type

REO/Bank Owned-6 or 55%

Equity Sale-3 or 27%

Equity Sale-2 or 18%

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Financing Type

New Conv. 1st-6 or 55%

FHA Loan-2 or 18%

All CASH-2 or 18%

VA Loan-1 or 9%

Single Family Residential

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Active:

San Benito County-160 of which REO/Bank Owned-25 or 16%

Hollister-101 of which REO/Bank Owned-22 or 22%

Pending:

San Benito County-240 of which REO/Bank Owned-39 or 16%

Hollister-197 of which REO/Bank Owned-29 or 15%

Absorption Rate:

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

Hollister-.51 months supply of inventory or 15-days

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Solds for the week: 11

High-$630,000 REO/Bank Owned, New Conv. 1st

Low- $120,000 REO/Bank Owned, All CASH

Full Price or Over Asking- 6 or 55%

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Sale Type:

REO/Bank Owned-7 or 64%

Short Sale-3 or 27%

Equity Sale-1 or 9%

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Financing Type:

New Conv. 1st-4 or 36%

FHA Loan-4 or 36%

All CASH-3 or 28%

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Single Family Residential

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Actives:

San Benito County-160 of which REO/Bank Owned-29 or 18%

Hollister-96 of which REO/Bank Owned-20 or 21%

Pendings:

San Benito County-231 of which REO/Bank Owned-37 or 16%

Hollister-190 of which REO/Bank Owned-30 or 16%

Absorption Rate:

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

Hollister-.51 months supply of inventory or 15 days

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Solds for the week: 20

High: $605,000 REO/Bank Owned, New Conv. 1st

Low:  $115,000 REO/Bank Owned, All CASH

Full-Price or Over-Asking: 16 or 80%

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Sale Type

REO/Bank Owned: 12 or 60%

Short Sale: 6 or 30%

Equity Sale: 2 or 10%

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Financing Type

New Conv. 1st: 9 or 45%

FHA Loan: 8 or 40%

All CASH: 3 or 15%

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 Wow! Big week for closings…..Inventory appears to be creeeeping up….maybe due to the banks moving forward on more foreclosures that were stalled from last year….there were 54 Notices of Sale in the paper this week, have not seen numbers like that in well over a year.

Single Family Residential

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Active:

San Benito County-145 of which REO/Bank Owned-27 or 18%

Hollister-84 of which REO/Bank Owned-20 or 24%

Pending:

San Benito County-240 of which REO/Bank Owned-45 or 19%

Hollister-196 of which REO/Bank Owned-34 or 17%

Absorption Rate:

San Benito County-.60 months supply of inventory or 18 days

Hollister-.43 months supply of inventory or 13 days

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Solds for the week: 13

High-$395,200 REO/Bank Owned,FHA Loan

Low- $183,900 REO/Bank Owned, All CASH

Full-Price or Over-Asking-12 or 92%

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Sale Type:

REO/Bank Owned-6 or 46%

Short Sale-5 or 38%

Equity Sale-2 or 15%

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Financing Type:

New Conv. lst-7 or 54%

FHA Loan-2 or 15%

VA Loan-2 or 15%

All CASH-2 or 15%

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 HAPPY BIRTHDAY ~ TAMMY!

Single Family Residential

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Active:

San Benito County-140 of which REO/Bank Owned-25 or 18%

Hollister-78 of which REO/Bank Owned-17 or 22%

Pending:

San Benito County-245 of which REO/Bank Owned-48 or 20%

Hollister-200 of which REO/Bank Owned-37 or 19%

 Absorption Rate:

San Benito County-.57 months supply of inventory or 17 days

Hollister-.39 months supply of inventory or 12 days

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Solds for the week: 12

High-$452,000 REO/Bank Owned, New Conv. 1st

Low- $137,000 Short Sale, FHA Loan

Full-Price or Over-Asking: 7 or 58%

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Sale Type:

REO/Bank Owned-8 or 67%

Short Sale-2 or 17%

Equity Sale-2 or 17%

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Financing Type:

FHA Loan-5 or 42%

New Conventional 1st-33%

USDA Loan-2 or 17%

VA Loan-1 or 8%

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The stats remain very consistant week after week……

Single Family Residential

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Actives:

San Benito County-147 of which REO/Bank Owned-26 or 18%

Hollister-82 of which REO/Bank Owned-15 or 18%

Pendings:

San Benito County-235 of which REO/Bank Owned-48 or 20%

Hollister-194 of which REO/Bank Owned-38 or 20%

Absorption Rate:

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

Hollister-.42 months supply of inventory or 13 days

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Solds for the week: 10

High: $535,000 Equity Sale, All CASH

Low:  $75,000  Short Sale, All CASH

Full-Price or Over-Asking: 6 or 60%

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Sale Type:

REO/Bank Owned-5 or 50%

Short Sale-4 or 40%

Equity Sale-1 or 10%

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Financing Type:

All CASH-4 or 40%

FHA Loan-4 or 40%

New Conv. 1st-2 or 20%

Single Family Residential

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Actives:

San Benito County-154 of which REO/Bank Owned-28 or 18%

Hollister-87 of which REO/Bank Owned-18 or 21%

Pendings:

San Benito County-223 of which REO/Bank Owned-47 or 21%

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

Absorption Rate:

San Benito County-.69 month’s supply of inventory or 21 Days

Hollister-.47 month’s supply of inventory or 14 Days

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Solds for the week: 9

High: $610,000 REO/Bank Owned-New Conv. 1st

Low:  $240,000 REO/Bank Owned-FHA Loan

Full-Price or Over-Asking: 6 or 67%

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Sale Type

REO/Bank Owned: 5 or 56%

Short Sale: 2 or 22%

Equity Sale: 2 or 22%

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Financing Type

New Conv. 1st: 5 or 56%

FHA Loan: 2 or 22%

USDA Loan: 2 or 22%

All CASH: none