Lori Uhl McClelland's Blog » Short Sales

Hollister, San Benito County Real Estate Market Update for January 28, 2012

Lori McClelland — Sat, 28 Jan 2012 14:20:19 +0000

Solds for the week 01-28-12

Single Family Residential

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Actives

San Benito County-112 of which REO/Bank Owned-15 or 13%, Short Sales-34 or 30%

Hollister-74 of which REO/Bank Owned-13 or 18%, Short Sales-27 or 36%

Pendings

San Benito County-184 of which REO/Bank Owned-26 or 14%, Short Sales-120 or 65%

Hollister-145 of which REO/Bank Owned-18 or 12%, Short Sales-98 or 68%

Absorption Rate

San Benito County-.61 months supply of inventory or 18-days

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

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Solds for the week: 5

High: $650,000 Regular Sale, New Conv 1st

Low: $225,000 Short Sale, VA Loan

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

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Sale Type

Short Sale: 3 or 60%

Traditional Sale: 2 or 40%

REO/Bank Owned: None

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Financing Type

New Conv 1st: 2 or 40%

All CASH: 2 or 40%

VA Loan: 1 or 20%

Hollister, San Benito County Real Estate Market Update January 14, 2012

Lori McClelland — Sat, 14 Jan 2012 14:12:46 +0000

Solds for the week 01-14-12

Single Family Residential
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Actives:
San Benito County-116 of which REO/Bank Owned-17 or 15% and Short Sale-30 or 26%
Hollister-78 of which REO/Bank Owned-15 or 19% and Short Sale-26 or 33%

Pendings:
San Benito County-183 of which REO/Bank Owned-25 or 14% and Short Sale-129 or 70%
Hollister-142 of which REO/Bank Owned-17 or 12% and Short Sale-103 or 73%

Absorption Rate:
San Benito County-.64 months supply of inventory or 19 days
Hollister-.55 months supply of inventory or 16.5 days
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Solds for the week: 7
High: $460,000 Traditional Sale, New Conv 1st
Low: $155,000 REO/Bank Owned, New Conv 1st
Full-Price/Over-Asking: 2 or 28.5%
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Sale Type
REO/Bank Owned: 3 or 43%
Traditional Sale: 3 or 43%
Short Sale: 1 or 14%
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Financing Type
New Conv 1st: 4 or 57%
FHA Loan: 3 or 43%

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%

______________________________________________________

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 31st, 2011

Lori McClelland — Sat, 31 Dec 2011 15:12:30 +0000

Solds for the week 12-31-11

Single Family Residential

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Actives:

San Benito County-117 of which REO/Bank Owned-20 or 17%, Short Sales-30 or 26%

Hollister-76 of which REO/Bank Owned-15 or 20%, Short Sales-25 or 33%

Pendings:
San Benito County-192 of which REO/Bank Owned-24 or 12.5%, Short Sales-135 or 70%

Hollister-158 of which REO/Bank Owned-20 or 13%, Short Sales-112 or 71%

Absorption Rate:

San Benito County-.61 months supply of inventory or 18-days

Hollister-.48 months supply of inventory or 14.5-days

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Solds for the week: 3

High: $295,000, REO/Bank Owned, New Conv. 1st

Low: $220,000 Traditional Sale, New Conv. 1st

Full-Price/Over-Asking: 1 or 33%

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Sale Type

REO/Bank Owned: 2 or 66%

Traditional Sale: 1 or 33%

Short Sale: none

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Financing Type

New Conv. 1st: 2 or 66%

All CASH: 1 or 33%

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%

________________________________________________

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 12-10-11

Lori McClelland — Sat, 10 Dec 2011 15:29:23 +0000

Market Update for 12-10-11

Good Morning ~ since I missed last Saturday here’s the numbers for the last 14 days!
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Actives:
San Benito County-136 of which REO/Bank Owned-26 or 19% and Short Sales-39 or 27%
Hollister-96 of which REO/Bank Owned-19 or 20% and Short Sales-37 or 39%

Pendings:
San Benito County-181 of which REO/Bank Owned-22 or 12% and Short Sales-131 or 72%
Hollister-146 of which REO/Bank Owned-19 or 13% and Short Sales-107 or 73%

Absorption Rate:
San Benito County-.75 months supply of inventory or 22.5 Days
Hollister-.66 months supply of inventory or 20 Days
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Solds for the last 2 weeks: 31
High: $520,000 Investor Flip, All CASH
Low: $90,000 Estate Sale, All CASH
Full-Price/Over-Asking: 16 or 51%
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Sale Type:
Short Sale-12 or 39%
Traditional Sale-10 or 32%
REO/Bank Owned-9 or 29%
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Image via Wikipedia

New Conv. 1st-11 or 35%
All CASH-8 or 26%
FHA Loan-7 or 23%
VA Loan-3 or 11%
USDA Loan-2 or 6%
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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 November 12, 2011

Lori McClelland — Sat, 12 Nov 2011 13:36:32 +0000

Single Family Residential
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Actives
San Benito County-152 of which REO/Bank Owned-22 or 14.5%
Hollister-103 of which REO/Bank Owned-17 or 16.5%

Pendings
San Benito County-194 of which REO/Bank Owned-28 or 14.5%
Hollister-155 of which REO/Bank Owned-22 or 14%

Absorption Rate
San Benito County-.78 months supply of inventory or 23 days
Hollister-.66 months supply of inventory or 20 days
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Solds for the week: 10
High: $459,000 REO/Bank Owned, New Conv 1st
Low: $131,000 Short Sale, All CASH
Full-Price or Over-Asking: 4 or 40%
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Sale Type
REO/Bank Owned: 6 or 60%
Short Sale: 2 or 20%
Traditional Sale: 2 or 20%
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Financing Type
New Conv 1st: 6 or 60%
USDA Loan: 2 or 20%
All CASH: 2 or 20%
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Hollister, San Benito County Real Estate Market Update for October 29th, 2011

Lori McClelland — Sat, 29 Oct 2011 14:21:20 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-164 of which REO/Bank Owned-30 or 18%
Hollister-113 of which REO/Bank Owned-24 or 21%

Pendings
San Benito County-191 of which REO/Bank Owned-20 or 10%
Hollister-150 of which REO/Bank Owned-14 or 9%

Absorption Rate
San Benito County-.86 months supply of inventory or 26-days
Hollister-.75 months supply of inventory or 23-days
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Solds for the week: 8
High: $575,000 Traditional Sale, New Conv 1st
Low: $220,000 Short Sale, All Cash
Full-Price/Over-Asking: 2 or 25%
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Sale Type
Traditional Sale: 4 or 50%
Short Sale: 3 or 37.5%
REO/Bank Owned: 1 or 12.5%
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Financing Type
New Conv 1st: 2 or 25%
FHA Loan: 2 or 25%
VA Loan: 2 or 25%
All Cash: 2 or 25%
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Hollister, San Benito County Real Estate Market Update for October 22, 2011

Lori McClelland — Sat, 22 Oct 2011 13:32:08 +0000

Image via Wikipedia

Single Family Residential
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Active
San Benito County-154 of which REO/Bank Owned-23 or 15%
Hollister-108 of which REO/Bank Owned-17 or 16%

Pendings
San Benito County-194 of which REO/Bank Owned-12 or 12%
Hollister-153 of which REO/Bank Owned-18 or 12%

Absorption Rate
San Benito County-.79 months supply of inventory or 24-days
Hollister-.71 months supply of inventory or 21-days
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Solds for the week: 14

High: $510,000 REO/Bank Owned, New Conv 1st
Low: $165,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 5 or 36%
____________________________________________________________
Sale Type

REO/Bank Owned: 6 or 43%
Short Sale: 5 or 36%
Traditional Sale: 2 or 14%
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Financing Type

FHA Loan: 7 or 50%
New Conv. 1st: 4 or 29%
VA Loan: 1 or 7%
USDA Loan: 1 or 7%
VA Loan: 1 or 7%
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