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Hollister, San Benito County Real Estate Market Update for May 5, 2012

Lori McClelland — Sat, 05 May 2012 14:37:57 +0000

Solds_for_the_week_of_05-05-12[1]

Single Family Residential

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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

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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%

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Sale Type:

REO/Bank Owned-8 or 47%

Traditional Sale-6 or 35%

Short Sales-3 or 18

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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%

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 8th, 2011

Lori McClelland — Sat, 08 Oct 2011 13:21:40 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-148 of which REO/Bank Owned-21 or 14%
Hollister-106 of which REO/Bank Owned-18 or 17%

Pendings
San Benito County-191 of which REO/Bank Owned-29 or 15%
Hollister-148 of which REO/Bank Owned-19 or 13%

Absorption Rate
San Benito County-.75 months supply of inventory or 23-days
Hollister-.72 months supply of inventory or 21-days
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Solds for the week: 17 (some late reportings)
High: $715,000 REO/Bank Owned, New Conv. 1st
Low: $135,000 REO/Bank Owned, New Conv. 1st
Full-Price/Over-Asking: 7 or 41%
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Sale Type
REO/Bank Owned-8 or 41%
Traditional Sale-5 or 29%
Short Sale-4 or 24%
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Financing Type
New Conv. 1st-10 or 59%
FHA Loan-5 or 29%
USDA Loan-1 or 6%
All CASH-1 or 6%
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Hollister, San Benito County Real Estate Market Update for September 10th, 2011

Lori McClelland — Sat, 10 Sep 2011 15:15:02 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-167 of which REO/Bank Owned-16 or 9.5%
Hollister-121 of which REO/Bank Owned-11 or 9%

Pendings
San Benito County-203 of which REO/Bank Owned-37 or 18%
Hollister-156 of which REO/Bank Owned-28 or 18%

Absorption Rate
San Benito County-.82 months supply of inventory or 25-days
Hollister-.77 months supply of inventory or 23-days
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Solds for the week: 2 (are you kidding me?)
High: $190,000 Short Sale, New Conv. 1st
Low: $175,000 Traditional Sale, New Conv. 1st
Full-Price/Over-Asking: None
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Sale Type
Short Sale: 1 or 50%
Traditional Sale: 1 or 50%
REO/Bank Owned: None
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Financing Type
New Conv. 1st: 2 or 100%
FHA Loan: none
All CASH: none
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Hollister, San Benito County Real Estate Market Update for September 3rd, 2011

Lori McClelland — Sun, 04 Sep 2011 13:25:26 +0000

Image via Wikipedia

Single Family Residential
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Actives
San Benito County-170 of which REO/Bank Owned-20 or 12%
Hollister-121 of which REO/Bank Owned-14 or 12%

Pendings
San Benito County-195 of which REO/Bank Owned-32 or 16%
Hollister-151 of which REO/Bank Owned-24 or 16%

Absorption Rate
San Benito County-.87 months supply of inventory or 26-days
Hollister-.80 months supply of inventory or 24-days
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Solds for the week: 13
High: $740,000 Short Sale, New Conv 1st
Low: $149,900 Short Sale, New Conv 1st
Full-Price/Over-Asking: 8 or 62%
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Sale Type
REO/Bank Owned: 6 or 46%
Short Sale: 4 or 31%
Traditional Sale: 3 or 23%
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Financing Type
New Conv 1st: 7 or 54%
FHA Loan: 3 or 23%
All CASH: 3 or 23%
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Hollister, San Benito County Real Estate Market Update for April 30th, 2011

Lori McClelland — Sat, 30 Apr 2011 14:36:18 +0000

Image via Wikipedia

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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Hollister, San Benito County Real Estate Market Update for April 16th, 2010

Lori McClelland — Sat, 16 Apr 2011 13:23:51 +0000

Image via Wikipedia

Single Family Residential

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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%

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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%

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Hollister, San Benito County Real Estate Market Update for April 2, 2011

Lori McClelland — Sat, 02 Apr 2011 13:24:53 +0000

Image via Wikipedia

Single Family Residential

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Actives

San Benito County: 170 of which REO/Bank Owned-27 or 16%

Hollister: 113 of which REO/Bank Owned-23 or 20%

Pendings

San Benito County: 184 of which REO/Bank Owned-41 or 22%

Hollister: 147 of which REO/Bank Owned-35 or 24%

Absorption Rate

San Benito County: .92 months supply of inventory or 28-days

Hollister: .77 months supply of inventory or 23-days

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Solds for the week: 18 (4-late reportings or 22%)

High: $500,000 Short Sale, New Conv 1st

Low: $170,000 REO/Bank Owned, USDA Loan

Full-Price/Over-Asking: 8 or 44%

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Sale Type

REO/Bank Owned: 10 or 55%

Short Sale: 6 or 33%

Equity Sale: 2 or 11%

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Financing Type

New Conv. 1st: 6 or 33%

FHA Loan: 5 or 28%

All CASH: 4 or 22%

USDA Loan: 2 or 11%

VA Loan: 1 or 5%

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Our Absorption Rate appears to be tightening up a bit! I’m seeing the banks move more on foreclosing the first sale date especially if the original NOD was filed after January 1 of this year…

Hollister, San Benito County Real Estate Market Update for March 26th, 2011

Lori McClelland — Sat, 26 Mar 2011 13:26:19 +0000

Image via Wikipedia

Single Family Residential

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Actives

San Benito County-171 of which REO/Bank Owned-24 or 14%

Hollister-111 of which REO/Bank Owned-20 or 18%

Pendings

San Benito County-187 of which REO/Bank Owned-45 or 24%

Hollister-154 of which REO/Bank Owned-39 or 25%

Absorption Rate

San Benito County-.91 months supply of inventory or 27-days

Hollister-.72 months supply of inventory or 22-days

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Solds for the week: 15 (3 late reportings or 20%)

High: $535,000 Short Sale, New Conv. 1st

Low: $141,000 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 4 or 27%

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Sale Type

REO/Bank Owned: 10 or 66%

Short Sale: 4 or 27%

Equity Sale: 1 or 7%

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Financing Type

FHA Loan: 8 or 53%

New Conv. 1st: 5 or 33%

All Cash: 2 or 13%

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Absorption Rate is back under a one month supply of inventory….Things that make ya go hummmmmm

Hollister, San Benito County Real Estate Market Update for March 19th, 2011

Lori McClelland — Sat, 19 Mar 2011 12:50:54 +0000

Image via Wikipedia

Single Family Residential

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Actives

San Benito County-184 of which REO/Bank Owned-27 or 15%

Hollister-121 of which REO/Bank Owned-22 or 18%

Pendings

San Benito County-180 of which REO/Bank Owned-47 or 26%

Hollister-149 of which REO/Bank Owned-43 or 29%

Absorption Rate

San Benito County- 1.02 months supply of inventory or 31days

Hollister-.81 months supply of inventory or 24days

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Solds for the week: 8

High-$680,000 New Conv 1st, Equity Sale

Low- $199,000 VA Loan, Short Sale (Go…Tammy)

Full-Price/Over-Asking: 3 or 38%

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Sale Type

Equity 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: 3 or 37.5%

FHA Loan: 2 or 25%

All CASH: 1 or 12.5%

VA Loan: 1 or 12.5%

Seller Carry Back: 1 or 12.5%

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Wow! There’s a new lender in town….A Seller Carry Back!

Did you know that 30% of all homes in America HAVE NO MORTGAGE AGAINST THEM! They are owned free and clear!!!