Hollister, San Benito County Real Estate Market Update for July 5th, 2014

Solds for the Week of 07-05-14

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

 

Single Family Residential

_______________________
Actives
San Benito County-102 of which REO/Bank Owned-2 or 2%, Short Sales-2 or 2%
Hollister-56 of which REO/Bank Owned-2 or 4%, Short Sales-1 or 2%
Pendings
San Benito County-87 of which REO/Bank Owned-3 or 4%, Short Sales-21 or 24%
Hollister-68 of which REO/Bank Owned-3 or 4%, Short Sales-18-26%
Absorption Rate
San Benito County-1.2 months supply of inventory or 35-days
Hollister-.82 months supply of inventory or 25-days
______________________
Solds for the Week: 9
High: $675,000 Regular Sale, All Cash
Low:  $ 280,000, Regular Sale, USDA Loan
Full-Price/Over-Asking: 4 or 44%
Average Days on Market: 28-days
Average Square Footage: 1804sf
Average Price/Square Foot: $276.21/sf
Average Sale Price: $487,222.00
______________________
Sale Type
Regular Sale:9 or 100%
REO/Bank Owned: None
Short Sales:None
______________________
Financing Type
New Conv 1st: 4 or 44%
FHA Loan: 3 or 33%
All Cash: 1 or 11.5%
USDA: 1 or 11.5%
______________________

Hollister, San Benito County Real Estate Market Update for September 28, 2013

Solds for the Week of 09-28-13

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

 

Single Family Residential

_____________________________________________
Actives
San Benito County-97 of which REO/Bank Owned-1 or 1%, Short Sales-5 or 5%
Hollister-60 of which REO/Bank Owned-1 or 2%, Short Sales-4 or 7%
Pendings
San Benito County-88 of which REO/Bank Owned-4 or 5%, Short Sales-28 or 32%
Hollister-69 of which REO/Bank Owned-2 or 3%, Short Sales-24 or 35%
Absorption Rate
San Benito County- 1.10 months supply of inventory or 33-days
Hollister- .87 months supply of inventory or 26-days
____________________________________________
Solds for the Week: 9
High: $689,000 Regular Sale, All Cash
Low:  $270,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 7 or 78%
Average Square Footage: 1907sf
Average Price/Square Foot: $239/sf
Average Sale Price: $451,556.00
___________________________________________
Sale Type
Regular Sale: 8 or 89%
REO/Bank Owned: 1 or 11%
Short Sales: None
___________________________________________
Financing Type
New Conv 1st: 4 or 44%
FHA Loan: 2 or 22%
All Cash: 2 or 22%
VA Loan: 1 or 11%
___________________________________________
Steady as she goes…..
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Hollister, San Benito County Real Estate Market Update for October 2, 2010

Seal of San Benito County, California
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives:

San Benito County-200 of which REO/Bank Owned-34 or 17%

Hollister-141 of which REO/Bank Owned-28 or 20%

Pendings:

San Benito County-182 of which REO/Bank Owned-38 or 23%

Hollister-151 of which REO/Bank Owned-32 or 21%

Absorption Rate:

San Benito County-1.1 months supply of inventory or 33 days

Hollister-.93 months supply of inventory or 28 days

____________________________________________________________

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

High: $430,000 Equity Sale, All Cash

Low:  $98,0000 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 9 or 50%

____________________________________________________________

Sale Type

REO/Bank Owned: 10 or 56%

Equity Sale: 5 or 28% (2 of those were investor flips)

Short Sale: 3 or 17%

____________________________________________________________

Financing Type

All Cash: 6 or 33%

FHA Loan: 5 or 28%

New Conv 1st: 3 or 17%

VA Loan: 3 or 17%

USDA Loan: 1 or 6%

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Hollster, San Benito County Real Estate Market Update for September 25,2010

Seal of San Benito County, California
Image via Wikipedia

Single Family Residential
____________________________________________________________

Actives:
San Benito County-202 of which REO/Bank Owned-36 or 18%
Hollister-145 of which REO/Bank Owned-30 or 21%

Pendings:
San Benito County-184 of which REO/Bank Owned-40 or 22%
Hollister-153 of which REO/Bank Owned-33 or 22%

Absorption Rate:
San Benito County-1.10 months supply of inventory or 33 days
Hollister- .95 months supply of inventory or 28.5 days
____________________________________________________________

Solds for the week: 10
High: $590,000 REO/Bank Owned, USDA Loan?
Low:  $125,900 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 2 or 20%
____________________________________________________________

Sale Type:
REO-6 or 60%
Short Sale-2 or 20%
Equity Sale-2 or 20% (1 was investor flip)
____________________________________________________________

Financing Type:
All CASH-4 or 40%
New Conv. 1st-2 or 20%
FHA Loan-2 or 20%
USDA Loan-2 or 20%

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Hollister, San Benito County Real Estate Market Update for July 10th, 2010

Single Family Residential

____________________________________________________________ 

Active Homes:

San Benito County-173 of which REO/Bank Owned-25 or 14%

Hollister-105 of which REO/Bank Owned-21 or 10%

Pending Homes:

San Benito County-195 of which REO/Bank Owned-38 or 19%

Hollister-157 of which REO/Bank Owned-32 or 20%

Absorption Rate:

San Benito County-.89 months supply of inventory or 27-days

Hollister-.67 months supply of inventory or 20-days

____________________________________________________________

Solds for the week: 13

High-$396,000 Equity Sale, New Conv 1st

Low- $142,000 REO/Bank Owned, FHA Loan

Full-Price/Over-Asking-9 or 71%

____________________________________________________________

Sale Type:

Equity Sale-5 or 38%

        Investor Flip-2 or 15% of the total solds

REO/Bank Owned-4 or 31%

Short Sale-4 or 31%

____________________________________________________________

Financing Type:

FHA Loan-6 or 46%

New Conv 1st-5 or 38%

VA Loan-1 or 8%

All Cash-1 or 8%

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Hollister, San Benito County Real Estate Market Update for June 19th, 2010

Map of California highlighting San Benito County
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives:

San Benito Couny-167 of which REO/Bank Owned-26 or 16%

Hollister-99 of which REO/Bank Owned-24 or 24%

Pendings:

San Benito County-206 of which REO/Bank Owned-38 or 18%

Hollister-170 of which REO/Bank Owned-32 or 19%

Absorption Rate:

San Benito County-.81 months supply of inventory or 24-days

Hollister-.58 months supply of inventory or 17-days

____________________________________________________________

Solds for the week: 9

High-$530,000 Equity Sale-All CASH

Low- $145,000 Equity Sale-Seller carried New 1st

Full-Price or Over-Asking-2 or 22%

____________________________________________________________

Sale Type:

Equity Sale-6 or 67%

Short Sale- 2 or 22%

REO/Bank Owned-1 or 11%

____________________________________________________________

Financing Type:

New Conv. 1st-3 or 33%

FHA Loan- 2 or 22%

All CASH- 3 or 22%

VA Loan-  1 or 11%

Seller Financing-1 or 11%

____________________________________________________________

 Wow! Equity Sales still rule the day and a new one….Seller Financing!

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Hollister, San Benito County Real Estate Market Update for June 12, 2010

Seal of San Benito County, California
Image via Wikipedia

Single Family Residential

____________________________________________________________

Active:

San Benito County-169 of which REO/Bank Owned-26 or 15%

Hollister-98 of which REO/Bank Owned-21 or 21%

Pending:

San Benito County-195 of which REO/Bank Owned-33 or 17%

Hollister-165 of which REO/Bank Owned-31 or 19%

Absorption Rate:

San Bentio County-.87 months supply of inventory or 26/days

Hollister-.59 months supply of inventory or 18/days

____________________________________________________________

Solds for the week: 16

High-$545,000 Equity Sale, FHA Loan

Low- $220,000 Short Sale, New Conv. 1st

Full-Price or Over-Asking: 5 or 31%

____________________________________________________________

Sale Type:

Equity Sale-8 or 50%

   Of those 8 – 5 were Investor FLIPS or

   63% of the Equity Sales!

REO/Bank Owned-4 or 25%

Short Sale-4 or 25%

____________________________________________________________

Financing Type:

New Conv. 1st-8 or 50%

FHA Loan-6 or 38%

All CASH-2 or 12%

____________________________________________________________

 I think I might need to add a new category under Sale Type: Investor FLIPS! 63% of the Equity Sales were Investor FLIPS and actually as a % of the total Solds they were 31%!

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Hollister, San Benito County Real Estate Market Update for June 5th, 2010

Seal of San Benito County, California
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives:

San Benito County-166 of which REO/Bank Owned-23 or 14%

Hollister-99 of which REO/Bank Owned-19 or 19%

Pendings:

San Benito County-195 of which REO/Bank Owned-33 or 17%

Hollister-163 of which REO/Bank Owned-28 or 17%

Absorption Rate:

San Benito County-.85 months supply of inventory or 25/days

Hollister-.61 months supply of inventory or 18/days

____________________________________________________________

Solds for the week: 21 (another week of late reporting sales)

High: $545,000 Equity Sale, FHA Loan

Low:  $110,000 REO/Bank Owned, All CASH (Tammy’s deal)

Full-Price or Over-Asking: 11 or 52%

____________________________________________________________

Sale Type:

Equity Sale-9 or 43%

Short Sale-8 or 38%

REO/Bank Owned-4 or 19%

____________________________________________________________

Financing Type:

New Conventional 1st-9 or 43%

FHA Loan-9 or 43%

VA Loan-2 or 10%

____________________________________________________________

Wow! Another week of big numbers but really they’re cooked just like the jobs report this week! Many late reporting – Sold’s. One I noticed all the way back to April 15th!

Look! The Equity Sales were king of the hill! Who said there’s not Equity in the marketplace? One third of all US homes have no mortgage against them! You won’t hear that news in the media.

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Hollister, San Benito County Real Estate Market Update for May 1st, 2010

Seal of San Benito County, California
Image via Wikipedia

Single Family Residential

___________________________________________

Active:

San Benito County-149 of which REO/Bank Owned-22 or 15%

Hollister-93 of which REO/Bank Owned-19 or 20%

Pending:

San Benito County-240 of which REO/Bank Owned-39 or 16%

Hollister-200 of which REO/Bank Owned-32 or 16%

Absorption Rate:

San Benito County-.62 months supply of inventory or 19 days

Hollister-.47 months supply of inventory or 14 days

____________________________________________________________

Solds for the week: 11

High-$470,000 REO/Bank Owned, New Conv. 1st

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

Full-Price or Over-Asking: 7 or 64%

____________________________________________________________

Sale Type

REO/Bank Owned-6 or 55%

Equity Sale-3 or 27%

Equity Sale-2 or 18%

____________________________________________________________

Financing Type

New Conv. 1st-6 or 55%

FHA Loan-2 or 18%

All CASH-2 or 18%

VA Loan-1 or 9%

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Hollister, San Benito County Real Estate Market Update for March 27th, 2010

Seal of San Benito County, California
Image via Wikipedia

Single Family Residential

____________________________________________________________

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

____________________________________________________________

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%

____________________________________________________________

Sale Type:

REO/Bank Owned-8 or 67%

Short Sale-2 or 17%

Equity Sale-2 or 17%

____________________________________________________________

Financing Type:

FHA Loan-5 or 42%

New Conventional 1st-33%

USDA Loan-2 or 17%

VA Loan-1 or 8%

_____________________________________________________________

The stats remain very consistant week after week……

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