Hollister, San Benito County Real Estate Market Update for December 22, 2012

Solds for the Week of 12-22-12

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

 

Single Family Residential

_______________________________________________________________
Actives
San Benito County-64 of which REO/Bank Owned-4 or 6%, Short Sales-6 or 9%
Hollister-41 of which REO/Bank Owned-3 or 7%, Short Sales-3 or 7%
Pendings
San Benito County-140 or which REO/Bank Owned-11 or 8%, Short Sales-83 or 59%
Hollister-113 of which REO/Bank Owned-9 or 8%, Short Sales-71 or 63%
Absorption Rate
San Benito County-.46 months supply of inventory or 14-days
Hollister-.36 months supply of inventory or 11-days
_______________________________________________________________
Solds for the Week: 5
High: $442,750 REO/Bank Owned, New Conv 1st
Low:  $190,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 3 or 60%
Average Price/Square Foot: $187
Average Sales Price: $332,340
_______________________________________________________________
Sale Type
REO/Bank Owned: 2 or 40%
Traditional Sale: 2 or 40%
Short Sale: 1 or 20%
_______________________________________________________________
Financing Type
New Conv 1st: 2 or 40%
FHA Loan: 2 or 40%
All Cash: 1 or 20%
_______________________________________________________________
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Hollister, San Benito County Real Estate Market Update for August 11, 2012

Solds for the week of 08-11-12

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

 

Single Family Residential

______________________________________________________________
Actives
San Benito County-92 of which REO/Bank Owned-10 or 11%, Short Sales-15 or 16%
Hollister-45 of which REO/Bank Owned-7 or 16%, Short Sales-10 or 22%
Pendings
San Benito County-174 of which REO/Bank Owned-19 or 11%, Short Sales-115 or 66%
Hollister-138 of which REO/Bank Owned-13 or 9%, Short Sales-101 or 73%
Absorption Rate
San Benito County-.53 months supply of inventory or 16-Days
Hollister-.33 months supply of inventory or 10-Days
______________________________________________________________
Solds for the Week: 6
High: $395,000 Traditional Sale, USDA Loan
Low:  $170,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 4 or 66.6%
______________________________________________________________
Sale Type
Traditional Sale-3 or 50%
Short Sale-2 or 33.3%
REO/Bank Owned-1 or 16.6%
______________________________________________________________
Financing Type
New Conv. 1st-3 or 50%
FHA Loan-1 or 16.6%
USDA Loan-1 or 16.6%
VA Loan-1 or 16.6%
______________________________________________________________
Quote from the guy’s at TBWS Daily ~ “We honestly believe we have a mini-bubble going on right now.  Rates and home prices are super low, government refinance programs are flourishing and banks are holding back inventory reducing supply which is giving us a false demand.”
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Hollister, San Benito County Real Estate Market Update for July 21, 2012

Solds for the Week of 07-21-12

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

Single Family Residential

_______________________________________________________

Actives

San Benito County-94 of which REO/Bank Owned-13 or 14%, Short Sales-11 or 12%

Hollister-49 of which REO/Bank Owned-7 or 14%, Short Sales-10 or 20%

Pendings

San Benito County-175 of which REO/Bank Owned-16 or 9%

Hollister-137 of which REO/Bank Owned-11 or 8%, Short Sales-100 or 73%

Absorption Rate

San Benito County-.54 months supply of inventory or 16-days

Hollister-.36 months supply of inventory or 11-days

_______________________________________________________

Solds for the Week: 8

High: $435,000  All Cash, Traditional Sale

Low:  $181,000  All Cash, REO/Bank Owned

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

_______________________________________________________

Sale Type

Traditional Sale: 4 or 50%

REO/Bank Owned: 2 or 25%

Short Sales: 2 or 25%

_______________________________________________________

Financing Type

All Cash: 3 or 37.5%

New Conv. 1st: 3 or 37.5%

FHA Loan: 2 or 25%

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Hollister, San Benito County Real Estate Market Update for June 30, 2012

Solds for the week of 06-30-12

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-11 or 12%, Short Sales-16 or 18%
Hollister-46 of which REO/Bank Owned-7 or 15%, Short Sales-13 or 28%
Pendings
San Benito County-171 of which REO/Bank Owned-21 or 12%, Short Sales-109 or 64%
Hollister-137 of which REO/Bank Owned-14 or 10%, Short Sales-93 or 68%
Absorption Rate
San Benito County-.53 months supply of inventory or 16-days
Hollister-.34 months supply of inventory or 10-days
__________________________________________________________
Solds for the week: 10
High: $1.1 million, New Conv 1st, Traditonal Sale
Low:  $185,000, All Cash, REO/Bank Owned
Full-Price/Over-Asking: 7 or 70%
__________________________________________________________
Sale Type
REO/Bank Owned: 4 or 40%
Short Sale: 3 or 30%
Traditional Sale: 3 or 30%
__________________________________________________________
Financing Type
New Conv 1st: 6 or 60%
All Cash: 3 or 30%
FHA Loan: 1 or 10%
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Hollister, San Benito County Real Estate Market Update for June 23, 2012

Solds for the week of 06-23-12

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

Single Family Residential

______________________________________________________________

Actives

San Benito County-94 of which REO/Bank Owned-11 or 12%, Short Sales-18 or 19%

Hollister-44 of which REO/Bank Owned-5 or 11%, Short Sales-12 or 27%

 

Pendings

San Benito County-174 of which REO/Bank Owned-23 or 13%, Short Sales-108 or 62%

Hollister-143 of which REO/Bank Owned-18 or 13%, Short Sales-95 or 66%

 

Absorption Rate

San Benito County-.54 months supply of inventory or 16-Days

Hollister-.31 months supply of inventory or 9-Days

_____________________________________________________________

Solds for the week: 8

HIgh: $340,000 REO/Bank Owned, New Conv 1st

Low:  $112,000 Traditional Sale, New Conv 1st

Full-Price/Over-Asking: 7 or 90%

_____________________________________________________________

Sale Type

REO/Bank Owned: 3 or 37.5%

Traditional Sale: 3 or 37.5%

Short Sale: 2 or 25%

_____________________________________________________________

Financing Type

New Conv 1st: 3 or 37.5%

USDA Loan: 3 or 37.5%

FHA Loan: 2 or 25%

_____________________________________________________________

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Hollister, San Benito County Real Estate Marketpdate for June 02, 2012

 

 

Single Family Residential
___________________________________________________________
Actives
San Benito County-84 of which REO/Bank Owned-12 or 14%, Short Sales-17 or 20%
Hollister-40 of which REO/Bank Owned-8 or 20%, Short Sales-12 or 30%

 

Pendings
San Benito County-176 of which REO/Bank Owned-23 or 13%, Short Sales-114 or 65%
Hollister-147 of which REO/Bank Owned-18 or 12%, Short Sales-99 or 67%

 

Absorption Rate
San Benito County-.48 months supply of inventory or 14-Days
Hollister-.27 months supply of inventory or 8-Days
___________________________________________________________
Solds for the week: 15
High: $575,000  REO/Bank Owned, New Conv 1st
Low:  $156,100  Traditional Sale, USDA Loan
Full-Price/Over-Asking: 9 or 60%
___________________________________________________________
Sale Type
Traditional: 7 or 46%
REO/Bank Owned: 4 or 27%
Short Sale: 4 or 27%
___________________________________________________________
Financing Type
New Conv 1st-6 or 40%
FHA Loan-5 or 33%
All CASH-1 or 6.5%
VA Loan-1 or 6.5%
USDA Loan-1 or 6.5%
Reverse Mortgage-1 or 6.5%

___________________________________________________________

 

 

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Hollister, San Benito County Real Estate Market Update for May 26th, 2012

 

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

Solds_for_the_week_of_05-26-12

Single Family Residential
___________________________________________________________
Active
San Benito County- 84 of which REO/Bank Owned-12 or 14%, Short Sales-19 or 23%
Hollister- 40 of which REO/Bank Owned-9 or 23%, Short Sales-14 or 35%
 
Pending
San Benito County- 193 of which REO/Bank Owned-26 or 13%, Short Sales-122 or 63%
Hollister- 162 of which REO/Bank Owned-20 or 12%, Short Sales-105 or 65%
 
Absorption Rate
San Benito County- .44 months supply of inventory or 13-Days
Hollister- .25 months supply of inventory or 7-Days
___________________________________________________________
Solds for the week: 6
High: $454,000 Short Sale, New Conv 1st
Low:  $231,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 3 or 50%
___________________________________________________________
Sale Type
Traditonal Sale: 3 or 50%
REO/Bank Owned:2 or 33%
Short Sale:1 or 17%
__________________________________________________________
Financing Type
New Conv 1st: 3 or 50%
FHA Loan: 3 or 50%
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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 April 7, 2012

 
Single Family Residential
___________________________________________________________
Active:
San Benito County-88 of which REO/Bank Owned-10 or 19%, Short Sales-22 or 25%
Hollister-50 of which REO/Bank Owned-7 or 14%, Short Sales-17 or 34%
 
Pendings:
San Benito County-205 of which REO/Bank Owned-35 or 17%, Short Sales-115 or 56%
Hollister-171 of which REO/Bank Owned-26 or 15%, Short Sales-101-59%
 
Absorption Rate:
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.29 months supply of inventory or 9-Days
___________________________________________________________
Solds for the week: 12
High: $552,000, Traditional Sale, All CASH
Low:  $203,000, REO/Bank Owned, USDA Loan
Full-Price/Over-Asking: 8 or 67%
___________________________________________________________
Sale Type
Traditional Sale: 5 or 42%
Short Sale: 4 or 33%
REO/Bank Owned: 3 or 25%
___________________________________________________________
Financing Type
New Conv 1st: 6 or 50%
All CASH: 2 or 16.6%
FHA Loan: 2 or 16.6%
USDA Loan: 2 or 16.6%
___________________________________________________________
Wow! A 9 day aborsorption rate….explains the increasingly crazy buyer behavior
we’re seeing in the marketplace!