Hollister, San Benito County Real Estate Market Update for January 25th, 2014

Solds for the Week of 01-25-14

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

 

Single Family Residential

_____________________________________
Actives
San Benito County-79 of which REO/Bank Owned-None, Short Sales-2 or 3%
Hollister–40 of which REO/Bank Owned-None, Short Sales-1 or 3%
Pendings
San Benito County-90 of which REO/Bank Owned-None, Short Sales-31 or 34%
Hollister-72 of which REO/Bank Owned-None, Short Sales-25 or 35%
Absorption Rate
San Benito County-.88 months supply of inventory or 26-days
Hollister-.56 months supply of inventory or 17-days
____________________________________
Solds for the Week: 6
High: $689,000 Regular Sale, VA Loan
Low:  $419,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking: 1 or 17%
Average DOM: 66 days
Average Square Footage: 2418sf
Average Price/Square Foot: $212.76/sf
Average Sales Price: $495,817.00
____________________________________
Sale Type
Regular Sale: 6 or 100%
REO/Bank Owned: None
Short Sale: None
____________________________________
Financing Type
New Conv 1st: 4 or 66%
FHA Loan: 1 or 17%
VA Loan: 1 or 17%
____________________________________
Wow! Inventory seems to be shrinking for the moment.
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Hollister, San Benito County Real Estate Market Update for December 28th, 2013

Solds for the Week of 12-28-13

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

 

Single Family Residential

______________________________________________
Actives
San Benito County-84 of which REO/Bank Owned-None, Short Sales-7 or 8%
Hollister-47 of which REO/Bank Owned-None, Short Sales-5 or 11%
Pendings
San Benito County-97 of which REO/Bank Owned-2 or 2%, Short Sales-31 or 32%
Hollister-71 of which REO/Bank Owned-2 or 3%, Short Sales-25 or 35%
Absorption Rate
San Benito County-.87 months supply of inventory or 26-days
Hollister-.66 months supply of inventory or 19-days
_____________________________________________
Solds for the Week: 5
High: $500,000 Regular Sale, New Conv 1st
Low:  $310,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 3 or 60%
Average DOM: 33-days
Average Square Footage: 1942sf
Average Price/Square Foot: $215.51/sf
Average Sales Price: $400,400
____________________________________________
Sale Type
Regular Sale: 4 or 80%
Short Sale: 1 or 20%
REO/Bank Owned: None
____________________________________________
Financing Type
New Conv 1st: 2 or 40%
FHA Loan: 2 or 40%
VA Loan: 1 or 20%
____________________________________________

 

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Hollister, San Benito County Real Estate Market Update for November 30, 2013

Solds for the Week of 11-30-13

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

 

Single Family Residential

_________________________________________________
Actives
San Benito County-89 of which REO/Bank Owned-1 or 1%, Short Sales-11 or 12%
Hollister-52 of which REO/Bank Owned-1 or 2%, Short Sales-9 or 17%
Pendings
San Benito County-88 of which REO/Bank Owned-2 or 2%, Short Sales-22 or 32%
Hollister-66 of which REO/Bank Owned-1 or 2%, Short Sales-22 or 33%
Absorption Rate
San Benito County-1.0 months supply of inventory or 30-days
Hollister-.79 months supply of inventory or 24-days
________________________________________________
Solds for the Week: 3
High: $717,500 Regular Sale, VA Loan (Thank you Tammy and Gina!)
Low:  $354,000 Regular Sale, New Conv 1st
Full-Price/Over-Asking Price: 3 or 100%
Average DOM: 56-days
Average Square Footage: 2416sf
Average Price/Square Foot: $225
Average Sales Price: $536,833.00
________________________________________________
Sale Type
Regular Sale: 3 or 100%
REO/Bank Owned: None
Short Sales: None
________________________________________________
Financing Type
New Conv 1st: 2 or 67%
VA Loan: 1 or 33%
________________________________________________
A Blessed Thanksgiving Week!
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Hollister, San Benito County Real Estate Market Update for July 20, 2013

Solds for the Week of 07-20-13

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

 

Single Family Residential

____________________________________________________
Actives
San Benito County-74 of which REO/Bank Owned-3 or 4%, Short Sales-2 or 3%
Hollister-47 of which REO/Bank Owned-2 or 4%, Short Sales-2 or 4%
Pendings
San Benito County-101 of which REO/Bank Owned-1 or 1%, Short Sales-46 or 46%
Hollister-82 of which REO/Bank Owned-none, Short Sales-40 or 49%
Absorption Rate
San Benito County-.73 months supply of inventory or 22-days
Hollister-.57 months supply of inventory or 17-days
____________________________________________________
Solds for the Week: 8
High: $576,000 Regular Sale, New Conv 1st
Low:  $230,000 Regular Sale, FHA Loan
Full-Price/Over-Asking: 8 or 100%
Average Square Footage: 1893sf
Average Price/Square Foot: $205/sf
Average Sales Price: $389,500
____________________________________________________
Sale Type
Regular Sale: 6 or 75%
Short Sale: 2 or 25%
REO/Bank Owned: None
____________________________________________________
Financing Type
New Conv 1st: 4 or 50%
FHA Loan: 2 or 25%
VA Loan: 1 or 12.5%
USDA Loan: 1 or 12.5%
____________________________________________________
Wow! 2 of the Solds this week are Janet’s!! That’s 25% of the Solds. WTG Janet
Inventory continues to creep up so again I have to wonder if it’s the increase in Interest Rates of the last month or is it part of the mid-summer lull in the market that we see every summer….Guess only time will tell.
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Hollister, San Benito County Real Estate Market Update for July 13, 2013

Solds for the Week of 07-13-13

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

 

Single Family Residential

_______________________________________________________
Actives:
San Benito County-71 of which REO/Bank Owned-2 or 3%, Short Sales-4 or 10%
Hollister-43 of which REO/Bank Owned-1 or 2%, Short Sales-1 or 2%
Pendings:
San Benito County-102 of which REO/Bank Owned-1 or 1%, Short Sales-46 or 45%
Hollister-87 of which REO/Bank Owned-None, Short Sales-41 or 47%
Absorption Rate:
San Benito County-.70 months supply of inventory or 21-days
Hollister-.50 months supply of inventory or 15-days
_______________________________________________________
Solds for the Week: 11
High: $1,000,000.00 Traditional Sale, New Conv 1st
Low:  $255,100.00 Short Sale, New Conv 1st
Full-Price/Over-Asking: 8 or 73%
Average Square Footage: 2812sf
Average Price/Square Foot: $185.51/sf
Average Sales Price: $513,500.00
_______________________________________________________
Sale Type
Traditional Sale: 8 or 73%
Short Sale: 2 or 18%
REO/Bank Owned: 1 or 9%
_______________________________________________________
Financing Type
New Conv 1st: 8 or 73%
All Cash: 2 or 18%
VA Loan: 1 or 9%
_______________________________________________________
Just a thought….could we be seeing the beginning of a new trend?
Inventory is up, rates are up…maybe a little micro-cooling of the market or
just a little summer market lull or just a glitch this week….only time will tell.

 

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Hollister, San Benito County Real Estate Market Update for March 9, 2013

Solds for the Week of 03-09-13

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

 

Single Family Residential

_____________________________________________________________________
Actives
San Benito County-49 of which REO/Bank Owned-2 or 4%, Short Sales-4 or 8%
Hollister-24 of which REO/Bank Owned-None, Short Sales-3 or 12%
Pendings
San Benito County-134 of which REO/Bank Owned-6 or 4%, Short Sales-70 or 52%
Hollister-112 of which REO/Bank Owned-5 or 4%, Short Sales-63 or 56%
Absorption Rate
San Benito County-.36 months supply of inventory or 11-Days
Hollister-.21 months supply of inventory or 6-Days
_____________________________________________________________________
Solds for the Week: 9
High: $499,000 Traditional Sale, All CASH
Low:  $235,000 Traditional Sale, New Conv. 1st
Full-Price/Over-Asking Price: 5 or 55%
Average Sales Price: $377,400
Average Price/Square Foot: $175
_____________________________________________________________________
Sale Type
Traditional Sale: 6 or 66%
Short Sale: 2 or 22%
REO/Bank Owned: 1 or 11%
_____________________________________________________________________
Financing Type

New Conv 1st: 5 or 55%
All CASH: 2 or 22%
FHA Loan: 1 or 11%
VA Loan: 1 or 11%
_____________________________________________________________________
Things that make ya go hummmm….
Of the 49 properties on the market for San Benito County only 16 or 32% are listed under $500,000
Of the 24 properties on the market for Hollister only 6 or 25% are listed under $500,000
Oh my!
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Hollister, San Benito County Real Estate Market Update for February 9, 2013

Single Family Residential

Official seal of County of San Benito
Official seal of County of San Benito (Photo credit: Wikipedia)
_____________________________________________________________________
Actives
San Benito County-52 of which REO/Bank Owned-2 or 4%, Short Sales-3 or 6%
Hollister-29 of which REO/Bank Owned-2 or 7%, Short Sales-3 or 10%
Pendings
San Benito County-137 of which REO/Bank Owned-9 or 7%, Short Sales-82 or 60%
Hollister-116 of which REO/Bank Owned-7 or 6%, Short Sales-72 or 62%
Absorption Rate
San Benito County-.38 months supply of inventory or 11 days
Hollister-.25 months supply of inventory or 7.5 days
_____________________________________________________________________
Solds for the Week: 10
High: $579,900 Traditional Sale, New Conv 1st
Low:  $235,000 REO/Bank Owned, New Conv 1st
****Full-Price/Over-Asking: 8 or 80% – of those 3 were full-price and 5 were over list.
The lowest over-list was $10,000. The highest over was $49,000. The average $26,000
Ave. Square Footage: 2018sf
Ave. Sale Price: $374,090.00
Ave. Price/Square Foot: $181.18
______________________________________________________________________
Sale Type
Traditional Sale: 7 or 70%
REO/Bank Owned: 2 or 20%
Short Sale: 1 or 10%
______________________________________________________________________
Financing Type
All Cash: 3 or 30%
New Conv 1st: 3 or 30%
FHA Loan: 2 or 20%
VA Loan: 1 or 10%
USDA Loan: 1 or 10%
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Hollister, San Benito County Real Estate Market Update for February 2, 2013

Solds for the Week of 02-02-13

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

 

Single Family Residential

_____________________________________________________________________
Actives:
San Benito County-55 of which REO/Bank Owned-3 or 5%, Short Sales-5 or 9%
Hollister-33 of which REO/Bank Owned-2 or 6%, Short Sales-5 or 15%
Pendings:
San Benito County-139 of which REO/Bank Owned-10 or 7%, Short Sales-82 or 59%
Hollister-117 of which REO/Bank Owned-9 or 8%, Short Sales-71 or 61%
Absorption Rate:
San Benito County-.39 months supply of inventory or 12-days
Hollister-.28 months supply of inventory or 8.5-days
_____________________________________________________________________
Solds for the Week: 14
High: $875,000 New Conv 1st, Traditional Sale (Dr. Bruce’s Vet Clinic)
Low:  $173,500 FHA Loan, REO/Bank Owned
Full-Price/Over-Asking: 4 or 29%
Average Price/Square Foot: $201.49
Average Sales Price: $429,607.00
_____________________________________________________________________
Sale Type
Traditional Sale: 11 or 79%
REO/Bank Owned: 2 or 14%
Short Sale: 1 or 7%
_____________________________________________________________________
Financing Type
New Conv 1st: 5 or 37%
FHA Loan: 4 or 28%
VA Loan: 2 or 14%
USDA Loan: 2 or 14%
All Cash: 1 or 7%
_____________________________________________________________________
**Of Note:
2843 Ty Drive was listed at $499,900. We were aware of at least 11 offer’s on the property and it closed for an astounding $605,000!
Sold for 20% over list price, OMG! That’s crazy!!!
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Hollister, San Benito County Real Estate Market Update for December 29, 2012

Solds For the Week of 12-29-12

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

 

Single Family Residential

_____________________________________________________________________
Actives
San Benito County-57 of which REO/Bank Owned-4 or 7%, Short Sales-7 or 12%
Hollister-36 of which REO/Bank Owned-3 or 8%, Short Sales-4 or 11%
Pendings
San Benito County-135 of which REO/Bank Owned-10 or 7%, Short Sales-80 or 59%
Hollister-111 of which REO/Bank Owned-8 or 7%, Short Sales-69 or 62%
Absorption Rate
San Benito County-.42 months supply of inventory or 13-days
Hollister-.32 months supply of inventory or 10-days
_____________________________________________________________________
Solds for the Week: 10
High: $739,000 Traditional Sale, All Cash
Low:  $211,000 REO/Bank Owned, New Conv 1st
Full-Price/Over-Asking:7 or 70%
Average Sales Price: $375,670.00
Average Price/Square Foot: $223.49
_____________________________________________________________________
Sale Type
Traditional Sale: 6 or 60%
REO/Bank Owned: 2 or 20%
Short Sale: 2 or 20%
_____________________________________________________________________
Financing Type
New Conv 1st: 4 or 40%
FHA Loan: 2 or 20%
All Cash: 2 or 20%
VA Loan: 1 or 10%
Seller Financing: 1 or 10%
_____________________________________________________________________
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Hollister, San Benito County Real Estate Market Update for November 10, 2012

Solds for the Week of 11-10-12

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

 

Single Family Residential

______________________________________________________________
Actives
San Benito County-81 of which REO/Bank Owned-9 or 11%, Short Sales-11 or 14%
Hollister-53 of which REO/Bank Owned-8 or 15%, Short Sales-9 or 17%
Pendings
San Benito County-162 of which REO/Bank Owned-10 or 6%, Short Sales-97 or 60%
Hollister-121 of which REO/Bank Owned-6 or 5%, Short Sales-79 or 65%
Absorption Rate
San Benito County-.5 months supply of inventory or 15-days
Hollister-.43 months supply of inventory or 13-days
______________________________________________________________
Solds for the Week: 12
High: $595,000 Short Sale, All Cash
Low:  $125,000 Traditional Sale, All Cash
Full-Price/Over-Asking: 7 or 58%
Average Price/Square Foot: $173
Average Sales Price: $376,992
______________________________________________________________
Sale Type
Traditional Sale: 10 or 83%
Short Sale: 2 or 17%
REO/Short Sale: None
______________________________________________________________
Financing Type
New Conv 1st: 5 or 42%
FHA Loan: 3 or 25%
All Cash: 3 or 25%
VA Loan: 1 or 8%
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