Lori Uhl McClelland's Blog » Short Sales

Hollister, San Benito County Real Estate Market Update for May 18, 2012

Lori McClelland — Sat, 19 May 2012 14:34:53 +0000

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

Solds_for_the_week_05-19-12[1]

Single Family Residential

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Actives

San Benito County-82 of which REO/Bank Owned-14 or 17%, Short Sales-12 or 15%

Hollister-41 of which REO/Bank Owned-11 or 27%, Short Sales-10 or 24%

Pendings

San Benito County-192 of which REO/Bank Owned-28 or 15%, Short Sales-123 or 64%

Hollister-159 of which REO/Bank Owned-20 or 13%, Short Sales-104 or 65%

Absorption Rate

San Benito County-.43 months supply of inventory or 13-Days

Hollister-.26 months supply of inventory or 8-Days

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Solds for the Week: 8

High: $1,000,000 New Conv 1st, Traditional Sale

Low: $212,000 FHA Loan, REO/Bank Owned

Full-Price/Over-Asking: 6 or 75%

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Sale Type

Traditional Sale-3 or 37.5%

Short Sale-3 or 37.5%

REO/Bank Owned-2 or 25%

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Financing Type

New Conv 1st-5 or 62.5%

FHA Loan-3 or 37/5%

Hollister, San Benito County Real Estate Market Update for April 21, 2012

Lori McClelland — Sat, 21 Apr 2012 14:22:58 +0000

Solds_for_the_week_04-21-12[1]

Single Family Residential

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Actives:

San Benito County-85 of which REO/Bank Owned-15 or 18%, Short Sales-20 or 24%

Hollister-44 of which REO/Bank Owned-9 or 20%, Short Sales-16 or 36%

Pendings:

San Benito County-206 of which REO/Bank Owned-34 or 16.5%, Short Sales-120 or 58%

Hollister-174 of which REO/Bank Owned-25 or 14%, Short Sales-106 or 61%

Absorption Rate:

San Benito County-.41 months supply of inventory or 12-Days

Hollister-.25 months supply of inventory or 8-Days

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Solds for the Week: 11

High: $449,000 New Conv 1st, Traditional Sale (Flip)

Low: $110,000 All Cash, Short Sale

Full-Price/Over-Asking: 5 or 45%

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Sale Type:

Traditional Sale-7 or 64%

REO/Bank Owned-2 or 18%

Short Sale-2 or 18%

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Financing Type:

New Conv. 1st-4 or 36%

All Cash-3 or 27%

FHA Loan-2 or 18%

USDA Loan-2 or 18%

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Hollister, San Benito County Real Estate Market Update for April 14th, 2012

Lori McClelland — Sat, 14 Apr 2012 13:30:12 +0000

Solds_for_the_week_04-14-12[1]

Single Family Residential

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Actives:

San Benito County-82 of which REO/Bank Owned-11 or 13%, Short Sales-21 or 26%

Hollister-43 of which REO/Bank Owned-8 or 19%, Short Sales-15 or 35%

Pendings:

San Benito County-209 of which REO/Bank Owned-35 or 17%, Short Sales-116 or 56%

Hollister-173 of which REO/Bank Owned-23 or 13%, Short Sales-103 or 60%

Absorption Rate:

San Benito County-.39 months supply of inventory or 12-Days

Hollister-.25 months supply of inventory or 7.5-Days

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Solds for the Week: 5

High: $350,000 Short Sale, USDA Loan

Low: $210,000 REO/Bank Owned, FHA Loan

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

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Sale Type:

REO/Bank Owned-2 or 40%

Short Sales-2 or 40%

Traditional Sale-1 or 20%

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Financing Type:

FHA Loan-2 or 40%

New Conv 1st-1 or 20%

All CASH-1 or 20%

USDA Loan-1 or 20%

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Wow! our inventory is officially pathetic in my opinion…if you’re a buyer anyway…not so much if you’re a seller…

Hollister, San Benito County Real Estate Market Update for March 10, 2012

Lori McClelland — Sat, 10 Mar 2012 15:30:43 +0000

Single Famiy Residential

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Actives

San Benito County-119 of which REO/Bank Owned-27 or 23%, Short Sales-30 or 2%

Hollister-79 of which REO/Bank Owned-19 or 24%, Short Sales-28 or 35%

Pendings

San Benito County-186 of which REO/Bank Owned-25 or 13%, Short Sales-114 or 61%

Hollister-149 of which REO/Bank Owned-20 or 13%, Short Sales-91 or 61%

Absorption Rate

San Benito County-.64 months supply of inventory or 19-days

Hollister-.53 months supply of inventory or 16-days

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Solds for the week: 8

High: $290,000 Short Sale, New Conv. 1st

Low: $86,500 REO/Bank Owned, All CASH

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

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Sale Type

Short Sale: 3 or 37.5%

Traditional Sale: 3 or 37.5%

REO/Bank Owned: 2 or 25%

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Financing Type

All CASH: 3 or 37.5%

FHA Loan: 2 or 25%

USDA Loan: 2 or 25%

New Conv. 1st: 1 or 12.5%

Hollister, San Benito County Real Estate Market Update for Feb 25, 2012

Lori McClelland — Sat, 25 Feb 2012 13:19:50 +0000

Solds for the week 02-25-12

Single Family Residential
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Actives
San Benito County-121 of which REO/Bank Owned-19 or 16%, Short Sales-33 or 27%
Hollister-79 of which REO/Bank Owned-15 or 19%, Short Sales-27 or 34%

Pendings
San Benito County-181 of which REO/Bank Owned-29 or 16%, Short Sales-112 or 62%
Hollister-144 of which REO/Bank Owned-21 or 15%, Short Sales-92 or 64%

Absorption Rate
San Benito County-.67 month’s supply of inventory or 20-Days
Hollister-.55 month’s supply of inventory or 16-Days
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Sold’s for the week: 3
High: $365,000 Traditional Sale (Flip), New Conv. 1st
Low: $265,000 Traditional Sale, New Conv. 1st
Full-Price/Over-Asking: 1 or 33%
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Sale Type
Traditional Sale: 2 or 66%
Short Sale: 1 or 33%
REO/Bank Owned: 0
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Financing Type
New Conv. 1st: 2 or 66%
VA Loan: 1 or 33%
FHA Loan: 0
All CASH: 0
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Hollister, San Benito County Real Market Update for February 18, 2012

Lori McClelland — Sat, 18 Feb 2012 14:33:43 +0000

Solds for the week 02-18-12

Single Family Residential
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Actives:
San Benito County-113 of which REO/Bank Owned-18 and Short Sales-27 or 24%
Hollister-72 of which REO/Bank Owned-13 or 18% and Short Sales-23 or 32%

Pendings:
San Benito County-177 of which REO/Bank Owned-24 or 14% and Short Sales-113 or 68%
Hollister-140 of which REO/Bank Owned-17 or 12% and Short Sales-92 or 64%

Absorption Rate:
San Benito County-.64 months supply of inventory or 19-Days
Hollister-.51 months supply of inventory or 15-Days
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Solds for the Week: 12
High: $780,000 Short Sale, New Conv. 1st
Low: $65,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 7 or 58%
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Sale Type:
Short Sales: 7 or 58%
REO/Bank Owned: 4 or 33%
Traditional Sale: 1 or 8%
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Financing Type:
New Conv. 1st: 5 or 42%
FHA Loan: 2 or 16.5%
USDA Loan: 2 or 16.5%
All CASH: 2 or 16.5%
Seller Financing: 1 or 8%
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Hollister, San Benito County Real Estate Market Update February 11, 2012

Lori McClelland — Sat, 11 Feb 2012 15:03:48 +0000

Solds for the week 02-11-12

Single Family Residential

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Actives:

San Benito County-113 of which REO/Bank Owned-13 or 11.5% and Short Sales-31 or 27%

Hollister-69 of which REO/Bank Owned-9 or 13% and Short Sales-24 or 35%

Pendings:

San Benito County-177 of which REO/Bank Owned-27 or 15% and Short Sales-113 or 64%

Hollister-141 of which REO/Bank Owned-21 or 15% and Short Sales-91 or 64.5%

Absorption Rate:

San Benito County-.64 months supply of inventory or 19-days

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

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Solds for the week: 5

High: $520,000 REO/Bank Owned, New Conv 1st

Low: $194,000 Traditional Sale (Investor Flip), FHA Loan

Full-Price/Over-Asking: 1 or 20%

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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%

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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%

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Sale Type

Traditional Sale: 2 or 40%

Short Sale: 2 or 40%

REO/Bank Owned: 1 or 20%