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Single Family Residential
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Actives
San Benito County-201 of which REO/Bank Owned-26 or 13%
Hollister-143 of which REO/Bank Owned-18 or 13%
Pendings
San Benito County-155 or which REO/Bank Owned-33 or 21%
Hollister-122 of which REO/Bank Owned-27 or 22%
Absorption Rate
San Bentito County-1.3 months supply of inventory or 39-days
Hollister-1.17 months supply of inventory or 35-days
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Solds for the week: 9
High: $319,000 Investor Flip, USDA Loan
Low: $200,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 4 or 44%
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Sale Type
REO/Bank Owned-4 or 44%
Traditional Sale-3 or 33%
Short Sale-2 or 22%
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Financing Type
FHA Loan-4 or 44%
USDA Loan-2 or 22%
All CASH-2 or 22%
New Conv 1st-1 or 11%
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I’m BACK!!!
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Single Family Residential
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Actives
San Benito County-191 of which REO/Bank Owned-31 or 16%
Hollister-129 of which REO/Bank Owned-23 or 18%
Pendings
San Benito County-157 of which REO/Bank Owned-34 or 22%
Hollister-129 of which REO/Bank Owned-27 or 21%
Absorption Rate
San Benito County-1.22 months supply of inventory or 36-days
Hollister-1 month supply of inventory or 30-days
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Solds for the week: 12
High: $499,000 REO/Bank Owned, New Conv. 1st
Low: $92,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 6 or 50%
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Sale Type
Traditional Sale-5 or 42%
REO/Bank Owned-5 or 42%
Short Sale-2 or 17%
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Financing Type
New Conv. 1st-4 or 33%
FHA Loan-4 or 33%
All CASH-4 or 33%
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There you have it! Had my first eviction this week. Do I have a tale to tell about that!!!
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Single Family Residential
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Actives
San Benito County-183 of which REO/Bank Owned-30 or 16%
Hollister-123 of which REO/Bank Owned-21 or 17%
Pendings
San Benito County-162 of which REO/Bank Owned-35 or 22%
Hollister-133 of which REO/Bank Owned-29 or 22%
Absorption Rate
San Benito County-1.13 months supply of inventory or 34-days
Hollister-.92 months supply of inventory or 28-days
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Solds for the week: 11
High: $375,000 Short Sale, FHA Loan
Low: $180,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 6 or 55%
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Sale Type
Short Sale: 5 or 45%
REO/Bank Owned: 3 or 27.5%
Traditional Sale: 3 or 27.5%
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Financing Type
FHA Loan: 8 or 72%
New Conv 1st: 2 or 18%
VA Loan: 1 or 10%
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Let’s just say a property is worth what a buyer is willing to pay for it. The seller’s greed does not justify the buyers need. That being said….there’s a property in the list today that I had a buyer offer $650 for … way back when it was listed for $799 and was over priced for the market. The buyer’s agent’s response….my seller won’t give the property away….4 years later…it just sold for $357 uh huh!!!
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Single Family Residential
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Actives:
San Benito County-184 of which REO/Bank Owned-26 or 14%
Hollister-125 of which REO/Bank Owned-20 or 16%
Pendings:
San Benito County-162 of which REO/Bank Owned-38 or 23%
Hollister-138 of which REO/Bank Owned-32 or 23%
Absorption Rate:
San Benito County-1.13 months supply of inventory or 34-days
Hollister-.91 months supply of inventory or 27-days
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Solds for the week: 15
High: $629,000 Regular Sale, New Conv. 1st
Low: $180,000 Short Sale, All Cash
Full-Price/Over-Asking:8 or 53%
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Sale Type:
Short Sale-8 or 53%
REO/Bank Owned-4 or 27%
Regular Sale-3 or 20%
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Financing Type:
New Conv. 1st-7 or 47%
FHA Loan-4 or 27%
All Cash-2 or 13%
VA Loan-1 or 6.5%
USDA Loan-1 or 6.5%
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Single Family Residential
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Actives:
San Benito County-189 of which REO/Bank Owned-25 or 13%
Hollister-131 of which REO/Bank Owned-21 or 16%
Pendings:
San Bentio County-164 of which REO/Bank Owned-39 or 24%
Hollister-134 of which REO/Bank Owned-31 or 23%
Absorption Rate:
San Benito County-1.15 months supply of inventory or 35 days
Hollister-.98 months supply of inventory or 29 days
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Solds for the week: 11
High: $460,000 Traditional Sale, FHA Loan
Low: 180,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 6 or 55%
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Sale Type
REO/Bank Owned: 7 or 66%
Traditional Sale: 3 or 27%
Short Sale: 1 or 9%
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Financing Type
New Conv 1st: 4 or 36%
All CASH: 4 or 36%
FHA Loan: 2 or 18%
USDA Loan: 1 or 9%
____________________________________________________________
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Single Family Residential
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Actives:
San Benito County-192 of which REO/Bank Owned-26 or 13%
Hollister-138 of which REO/Bank Owned-21 or 15%
Pendings:
San Benito County-164 of which REO/Bank Owned-41 or 25%
Hollister-130 of which REO/Bank Owned-33 or 25%
Absorption Rate:
San Benito County-1.17 months supply of inventory or 35-days
Hollister-1.06 months supply of inventory or 32-days
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Solds for the week: 19 (3-late reportings)
High: $915,000 Traditional Sale, New Conv 1st
Low: $190,000 REO/Bank Owned, USDA Loan
Full-Price/Over-Asking: 7 or 37%
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Sale Type:
Short Sale-10 or 53%
Traditional Sale-5 or 26%
REO/Bank Owned-4 or 21%
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Financing Type:
New Conv 1st-9 or 47%
FHA Loan-6 or 32%
VA Loan-10%
All CASH-1 or 5%
USDA Loan-1 or 5%
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Wow! Big week for getting those Short Sales closed!
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Single Family Residential
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Actives
San Benito County-186 of which REO/Bank Owned-28 or 15%
Hollister-132 of which REO/Bank Owned-22 or 17%
Pendings
San Benito County-179 of which REO/Bank Owned-40 or 22%
Hollister-143 of which REO/Bank Owned-34 or 24%
Absorption Rate
San Benito County-1.04 months supply of inventory or 31-days
Hollister-.92 months supply of inventory or 28-days
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Sold’s for the week: 12
High:$690,000 Traditional Sale, New Conv 1st
Low: $190,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking:5 or 42%
____________________________________________________________
Sale Type
Tradtional Sale: 6 or 50%
REO/Bank Owned: 3 or 25%
Short Sale: 3 or 25%
____________________________________________________________
Financing Type
New Conv 1st: 5 or 42%
FHA Loan: 5 or 42%
VA Loan: 1 or 8%
USDA Loan: 1 or 8%
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Well….I can say two of the Sold’s this week closed early because Golden Eagle Mortgage did the buyers loan!!! Thanks Gina and Pauline!!!
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Single Family Residential
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Actives
San Benito County-181 of which REO/Bank Owned-29 or 16%
Hollister-128 of which REO/Bank Owned-23 or 18%
Pendings
San Benito County-180 of which REO/Bank Owned-36 or 20%
Hollister-141 of which REO/Bank Owned-30 or 21%
Absorption Rate
San Benito County-1.0 months supply of inventory or 30-days
Hollister-.90 months supply of inventory or 27-days
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Solds for the week: 17 (5 where new construction)
High: $710,000 Traditional Sale, New Conv 1st
Low: $180,000 Short Sale, All CASH
Full-Price/Over-Asking: 7 or 41%
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Sale Type
Traditional Sale: 6 or 35% (5 new construction)
Short Sale: 6 or 35%
REO/Bank Owned: 5 or 29%
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Financing Type
FHA Loan: 8 or 47%
All CASH: 5 or 29%
New Conv 1st: 4 or 24%
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Single Family Residential
____________________________________________________________
Actives
San Benito County-177 of which REO/Bank Owned-26 or 15%
Hollister-127 of which REO/Bank Owned-22 or 17%
Pendings
San Benito County-187 of which REO/Bank Owned-41 or 22%
Hollister-145 of which REO/Bank Owned-36 or 25%
Absorption Rate
San Benito County-.95 months supply of inventory or 28-days
Hollister-.88 months supply of inventory or 26-days
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Solds for the week: 9
High: $665,000 Equity Sale, New Conv 1st
Low: $145,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 5 or 56%
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Sale Type
REO/Bank Owned: 4 or 44%
Short Sale: 3 or 33%
Equity Sale: 2 or 22%
____________________________________________________________
Financing Type
All Cash: 3 or 33%
New Conv 1st: 2 or 22%
FHA Loan: 2 or 22%
VA Loan: 1 or 11%
USDA Loan: 1 or 11%
____________________________________________________________
Image via Wikipedia
Single Family Residential
____________________________________________________________
Actives:
San Benito County-176 of which REO/Bank Owned-25 or 14%
Hollister-123 of which REO/Bank Owned-22 or 18%
Pendings:
San Benito County-189 of which REO/Bank Owned-44 or 23%
Absorption Rate:
San Benito County-.93 months supply of inventory or 28-days
Hollister-.82 months supply of inventory or 25-days
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Solds for the week: 6
High: $484,000 REO/Bank Owned, All Cash
Low: $188,000 REO/Bank Owned, New Conv 1st
Full-Price/Over-Asking: 3 or 50%
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Sale Type
REO/Bank Owned: 3 or 50%
Short Sale: 2 or 33%
Equity Sale: 1 or 17%
____________________________________________________________
Financing Type
FHA Loan: 2 or 33%
New Conv 1st: 1 or 17%
USDA Loan: 1 or 17%
All CASH: 1 or 17%
Seller Carry Back: 1 or 17%
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There’s a new lender in town this week ~~~ the Seller Carry Back ~~~ what you won’t hear anyone talk about in this market is that 30% of all U.S. homes have no mortgage against them. For them … the Seller Carry Back is a lending option…you become the bank!
