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%

http://www.cdpe.com/files/advanced/1004-1-HAFA/foreclosure-vs-shortsale-flyer.pdf

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-152 of which REO/Bank Owned-25 or 16%

Hollister-88 of which REO/Bank Owned-20 or 23%

Pending:

San Benito County-236 of which REO/Bank Owned-38 or 16%

Hollister-198 of which REO/Bank Owned-31 or 16%

Absorption Rate:

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

Hollister-.44 months supply of inventory or 13 days

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Sold’s for the week: 16

High-$700,000 Short Sale, New Conv. 1st

Low- $163,000 REO/Bank Owned, USDA Loan

Full-Price or Over-Asking- 7 or 44%

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Sale Type:

Short Sale-7 or 44%

Equity Sale-6 or 38%

REO/Bank Owned-3 or 19%

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Financing Type:

New Conventional 1st-7 or 44%

FHA Loan-6 or 38%

All CASH-2 or 13%

USDA Loan-1 or 6%

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Wow! Big week for the Sold’s….Short Sales and Equity Sales dethroned the REO/Bank Owned properties as the big players.

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-163 of which REO/Bank Owned-27 or 17%

Hollister-100 of which REO/Bank Owned-20 or 20%

Pendings:

San Benito County-233 of which REO/Bank Owned-38 or 16%

Hollister-193 of which REO/Bank Owned-31 or 16%

Absorption Rate:

San Benito County-.70 months supply of inventory or 21-days

Hollister-.52 months supply of inventory or 16-days

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Solds for the week: 13

High-$825,000 Short Sale, New Conv. 1st

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

Full-Price or Over-Asking-2 or 15%

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Sale Type

REO/Bank Owned-6 or 46%

Short Sale-4 or 31%

Equity Sale-3 or 23%

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 Financing Type

All CASH-5 or 38%

FHA Loan-4 or 31%

New Conv. 1st-3 or 23%

USDA Loan-1 or 8%

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%