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%
Solds for the week 11-26-11
Single Family Residential
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Actives:
San Benito County-136 of which REO/Bank Owned-22 or 16%, Short Sale-40 or 29%
Hollister-96 of which REO/Bank Owned-17 or 18%, Short Sale-36 or 38%
Pendings:
San Benito County-198 of which REO/Bank Owned-29 or 15%, Short Sale-136 or 69%
Hollister-160 of which REO/Bank Owned-26 or 16%, Short Sale-111 or 63%
Absorption Rate:
San Benito County-.69 months supply of inventory or 21 days
Hollister- .6 months supply of inventory or 18 Days
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Solds for the week: 8
High: $615,000, Short Sale, New Conv. 1st
Low: $165,000, Traditional Sale, New Conv 1st
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Sale Type:
Short Sale-4 or 50%
Traditonal Sale-4 or 50%
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Financing Type:
New Conv. 1st-6 or 75%
FHA Loan-1 or 12.5%
VA Loan-1 or 12.5%
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Single Family Residential
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Actives
San Benito County-162 of which REO/Bank Owned-27 or 17%
Hollister-111 of which REO/Bank Owned-23 or 21%
Pendings
San Benito County-189 of which REO/Bank Owned-24 or 13%
Hollister-148 of which REO/Bank Owned-18 or 12%
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: 11
High: $470,000 Short Sale, VA Loan
Low: $160,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 7 or 64%
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Sale Type
Short Sale: 7 or 64%
REO/Bank Owned: 3 or 27%
Traditional Sale: 1 or 9%
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Financing Type
FHA Loan: 5 or 46%
New Conv 1st: 4 or 36%
VA Loan: 1 or 9%
All CASH: 1 or 9%
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Single Family Residential
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Actives
San Benito Co-155 of which REO/Bank Owned-21 or 14%
Hollister-110 of which REO/Bank Owned-16 or 15%
Pendings
San Benito Co-193 of which REO/Bank Owned-34 or 18%
Hollister-149 of which REO/Bank Owned-24 or 16%
Absorption Rate
San Benito Co-.80 months supply of inventory or 24-days
Hollister-.74 months supply of inventory or 22-days
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Solds for the week: 17
High: $545,000 Short Sale, New Conv 1st
Low: $ 81,871 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 12 or 70%
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Sale Type
Short Sale: 11 or 65%
REO/Bank Owned: 4 or 24%
Traditional Sale: 2 or 12%
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Financing Type
FHA Loan: 8 or 47%
New Conv 1st: 7 or 41%
VA Loan: 1 or 6%
All CASH: 1 or 6%
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Single Family
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Active
San Benito County-171 of which REO/Bank Owned-24 or 14%
Hollister-121 of which REO/Bank Owned-17 or 14%
Pending
San Benito County-180 of which REO/Bank Owned-31 or 17%
Hollister-140 of which REO/Bank Owned-24 or 17%
Absorption Rate
San Benito County-.95 months supply of inventory or 29 days
Hollister-.86 months supply of inventory or 26 days
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Solds for the week: 13
High: $435,000, Flip, All Cash
Low: $110,199, REO/Bank Owned, All Cash
Full-Price/Over-Asking: 5 or 38%
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Sale Type
REO/Bank Owned: 7 or 54%
Short Sale: 3 or 23%
Traditional Sale: 3 or 23%
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Financing Type
All CASH: 5 or 38%
New Conv 1st: 3 or 23%
FHA Loan: 2 or 15%
USDA Loan: 2 or 15%
VA Loan: 1 or 9%
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Happy to say Bye Bye to the most stressful week I think I’ve had in the business….Bye Bye Now!
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Single Family Residential
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Actives
San Benito County-176 of which REO/Bank Owned-26 or 15%
Hollister-122 of which REO/Bank Owned-18 or 15%
Pendings
San Benito County-179 of which REO/Bank Owned-34 or 19%
Hollister-142 of which REO/Bank Owned-27 or 19%
Absorption Rate
San Benito County-.98 months supply of inventory or 29-Days
Hollister-.86 months supply of inventory or 26 days
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Solds for the week: 15
High: $420,000 Short Sale, All Cash
Low: $188,000 Traditional Sale-Flip, VA Loan
Full-Price/Over-Asking: 8 or 53%
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Sale Type
Traditional Sale: 7 or 47%
REO/Bank Owned: 5 or 33%
Short Sale: 3 or 20%
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Financing Type
New Conv. 1st: 9 or 60%
FHA Loan: 3 or 20%
ALL Cash: 1 or 6%
USDA Loan: 1 or 6%
VA Loan: 1 or 6%
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Well..our Absorption Rate is back under 1 month supply of inventory for the county!
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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-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%
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Sale Type
Tradtional Sale: 6 or 50%
REO/Bank Owned: 3 or 25%
Short Sale: 3 or 25%
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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-176 of which REO/Bank Owned-25 or 14%
Hollister-125 of which REO/Bank Owned-25 or 20%
Pendings:
San Benito County-183 of which REO/Bank Owned-38 or 21%
Hollister-143 of which REO/Bank Owned-33 or 23%
Absorption Rate:
San Benito County-.96 months supply of inventory or 29-days
Hollister-.87 months supply of inventory or 26-days
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Solds for the week: 14 (3 late reportings or 21%)
High: $435,000 Short Sale, All CASH
Low: $160,000 Traditional Sale, All CASH
Full-Price/Over-Asking: 9 or 64%
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Sale Type
REO/Bank Owned: 8 or 57%
Short Sale: 4 or 28%
Traditional Sale: 2 or 14%
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Financing Type
FHA Loan: 5 or 36%
New Conv 1st: 4 or 28%
USDA Loan: 3 or 21%
All CASH: 2 or 14%
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