Lori Uhl McClelland's Blog » Working By Referral

Hollister, San Benito County Real Estate Market Update for May 18, 2012

Lori McClelland — Sat, 19 May 2012 14:34:53 +0000

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

Solds_for_the_week_05-19-12[1]

Single Family Residential

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Actives

San Benito County-82 of which REO/Bank Owned-14 or 17%, Short Sales-12 or 15%

Hollister-41 of which REO/Bank Owned-11 or 27%, Short Sales-10 or 24%

Pendings

San Benito County-192 of which REO/Bank Owned-28 or 15%, Short Sales-123 or 64%

Hollister-159 of which REO/Bank Owned-20 or 13%, Short Sales-104 or 65%

Absorption Rate

San Benito County-.43 months supply of inventory or 13-Days

Hollister-.26 months supply of inventory or 8-Days

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Solds for the Week: 8

High: $1,000,000 New Conv 1st, Traditional Sale

Low: $212,000 FHA Loan, REO/Bank Owned

Full-Price/Over-Asking: 6 or 75%

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Sale Type

Traditional 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-5 or 62.5%

FHA Loan-3 or 37/5%

Hollister, San Benito County Real Estate Market Update for May 12, 2012

Lori McClelland — Sat, 12 May 2012 14:02:38 +0000

Solds_for_the_week_05-12-12[1]

Single Family Residential

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Actives:

San Benito County-82 of which REO/Bank Owned-13 or 16%, Short Sales-13 or 16%

Hollister-43 of which REO/Bank Owned-9 or 21%, Short Sales-12 or 28%

Pendings:

San Benito County-191 of which REO/Bank Owned-29 or 15%, Short Sales-121 or 63%

Hollister-157 of which REO/Bank Owned-21 or 13%, Short Sales-102 or 65%

Absorption Rate:

San Benito County-.43 months supply of inventory or 13-Days

Hollister-.27 months supply of inventory or 8-Days

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Solds for the week: 9

High:$480,000 FHA Loan, Traditional Sale (new construction)

Low: $185,400 FHA Loan, Traditional Sale

Full-Price/Over-Asking: 5 or 55%

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Sale Type:

Traditional Sale-5 or 55%

Short Sale-3 or 33%

REO/Bank Owned-1 or 11%

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Financing Type:

FHA Loan-5 or 55%

New Conv 1st-3 or 33%

All CASH-1 or 11%

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 April 28, 2012

Lori McClelland — Sat, 28 Apr 2012 13:29:16 +0000

Solds_for_the_week_04-28-12[1]

Single Family Residential

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Actives:

San Benito County-80 of which REO/Bank Owned-11 or 14%, Short Sales-17 or 21%

Hollister-43 of which REO/Bank Owned-7 or 16%, Short Sales-14 or 33%

Pendings:

San Benito County-208 of which REO/Bank Owned-38 or 18%, Short Sales-123 or 59%

Hollister-172 of which REO/Bank Owned-27 or 16%, Short Sales-108 or 63%

Absorption Rate:

San Benito County-.38 months supply of inventory or 11.5 Days

Hollister-.25 months supply of inventory or 7.5 Days

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Solds for the Week: 8

High: $760,000 Short Sale, New Conv 1st

Low: $170,100 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 4 or 50%

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Sale Type:

Short Sale-3 or 37.5%

Traditional Sale-3 or 37.5%

REO/Bank Owned-2 or 25%

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Financing Type:

New Conv 1st-5 or 62.5%

All Cash-3 or 37.5%

Hollister, San Benito County Real Estate Market Update for April 21, 2012

Lori McClelland — Sat, 21 Apr 2012 14:22:58 +0000

Solds_for_the_week_04-21-12[1]

Single Family Residential

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Actives:

San Benito County-85 of which REO/Bank Owned-15 or 18%, Short Sales-20 or 24%

Hollister-44 of which REO/Bank Owned-9 or 20%, Short Sales-16 or 36%

Pendings:

San Benito County-206 of which REO/Bank Owned-34 or 16.5%, Short Sales-120 or 58%

Hollister-174 of which REO/Bank Owned-25 or 14%, Short Sales-106 or 61%

Absorption Rate:

San Benito County-.41 months supply of inventory or 12-Days

Hollister-.25 months supply of inventory or 8-Days

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Solds for the Week: 11

High: $449,000 New Conv 1st, Traditional Sale (Flip)

Low: $110,000 All Cash, Short Sale

Full-Price/Over-Asking: 5 or 45%

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Sale Type:

Traditional Sale-7 or 64%

REO/Bank Owned-2 or 18%

Short Sale-2 or 18%

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Financing Type:

New Conv. 1st-4 or 36%

All Cash-3 or 27%

FHA Loan-2 or 18%

USDA Loan-2 or 18%

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Hollister, San Benito County Real Estate Market Update for April 14th, 2012

Lori McClelland — Sat, 14 Apr 2012 13:30:12 +0000

Solds_for_the_week_04-14-12[1]

Single Family Residential

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Actives:

San Benito County-82 of which REO/Bank Owned-11 or 13%, Short Sales-21 or 26%

Hollister-43 of which REO/Bank Owned-8 or 19%, Short Sales-15 or 35%

Pendings:

San Benito County-209 of which REO/Bank Owned-35 or 17%, Short Sales-116 or 56%

Hollister-173 of which REO/Bank Owned-23 or 13%, Short Sales-103 or 60%

Absorption Rate:

San Benito County-.39 months supply of inventory or 12-Days

Hollister-.25 months supply of inventory or 7.5-Days

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Solds for the Week: 5

High: $350,000 Short Sale, USDA Loan

Low: $210,000 REO/Bank Owned, FHA Loan

Full-Price/Over-Asking: 2 or 40%

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Sale Type:

REO/Bank Owned-2 or 40%

Short Sales-2 or 40%

Traditional Sale-1 or 20%

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Financing Type:

FHA Loan-2 or 40%

New Conv 1st-1 or 20%

All CASH-1 or 20%

USDA Loan-1 or 20%

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Wow! our inventory is officially pathetic in my opinion…if you’re a buyer anyway…not so much if you’re a seller…

Hollister, San Benito County Real Estate Market Update for April 7, 2012

Lori McClelland — Sat, 07 Apr 2012 15:07:32 +0000

Solds for the week of 04-07-12

Single Family Residential

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Active:

San Benito County-88 of which REO/Bank Owned-10 or 19%, Short Sales-22 or 25%

Hollister-50 of which REO/Bank Owned-7 or 14%, Short Sales-17 or 34%

Pendings:

San Benito County-205 of which REO/Bank Owned-35 or 17%, Short Sales-115 or 56%

Hollister-171 of which REO/Bank Owned-26 or 15%, Short Sales-101-59%

Absorption Rate:

San Benito County-.43 months supply of inventory or 13-Days

Hollister-.29 months supply of inventory or 9-Days

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Solds for the week: 12

High: $552,000, Traditional Sale, All CASH

Low: $203,000, REO/Bank Owned, USDA Loan

Full-Price/Over-Asking: 8 or 67%

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Sale Type

Traditional Sale: 5 or 42%

Short Sale: 4 or 33%

REO/Bank Owned: 3 or 25%

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Financing Type

New Conv 1st: 6 or 50%

All CASH: 2 or 16.6%

FHA Loan: 2 or 16.6%

USDA Loan: 2 or 16.6%

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Wow! A 9 day aborsorption rate….explains the increasingly crazy buyer behavior

we’re seeing in the marketplace!

Hollister, San Benito County Real Estate Market Update for March 31, 2012

Lori McClelland — Sat, 31 Mar 2012 13:36:50 +0000

Solds_for_the_week_03-31-12[1]

Single Family Residential

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Actives:

San Benito County-99 of which REO/Bank Owned-19 or 19%, Short Sales-24 or 24%

Hollister-57 of which REO/Bank Owned-13 or 23%, Short Sales-18 or 32%

Pendings:

San Benito County-197 of which REO/Bank Owned-28 or 14%, Short Sales-113 or 57%

Hollister-162 of which REO/Bank Owned-22 or 14%, Short Sales-96 or 60%

Absorption Rate:

San Benito County-.50 months supply of inventory or 15-Days

Hollister-.35 months supply of inventory or 10.5-Days

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Solds for the week: 4

High: $375,000 REO/Bank Owned, FHA Loan

Low: $217,000 REO/Bank Owned, FHA Loan

Full-Price/Over-Asking: 2 or 50%

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Sale Type:

REO/Bank Owned-2 or 50%

Short Sale-2 or 50%

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Financing Type:

New Conv. 1st-2 or 50%

FHA Loan-2 or 50%

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Wow! Our inventory levels are rapids approaching the shortages of the peak of the run up of the market!!!

Weird…this last week my phone’s been ringing off the hook…maybe the limited inventory and low interest

rates are getting some buyers off the fence. Could we be seeing a little bit of an old fashioned spring

buying season?

Hollister, San Benito County Real Estate Market Update for March 24, 2012

Lori McClelland — Sat, 24 Mar 2012 13:33:02 +0000

Hollister, San Benito County Real Estate Market Update for March 17, 2012

Lori McClelland — Sat, 17 Mar 2012 15:18:51 +0000

Single Family Residential

__________________________________________________________

Actives

San Benito County-106 of which REO/Bank Owned-19 or 18%, Short Sale-27 or 25%

Hollister-65 of which REO/Bank Owned-11 or 17%, Short Sale-26 or 40%

Pendings

San Benito County-185 of which REO/Bank Owed-26 or 14%, Short Sale-114 or 62%

Hollister-151 of which REO/Bank Owned-22 or 15%, Short Sale-92 or 61%

Absorption Rate

San Benito County-.57 month’s supply of inventory or 17-Days

Hollister-.43 month’s supply of inventory or 13-Days

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Solds for the Week: 11

High: $655,000 New Conv 1st, Traditional Sale

Low: $104,900 All CASH, REO/Bank Owned

Full-Price/Over-Asking: 4 or 36%

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Sale Type

Traditional Sale: 6 or 55%

REO/Bank Owned: 5 or 45%

Short Sale: 0

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Financing Type

New Conv. 1st: 4 or 36%

FHA Loan: 3 or 27%

All CASH: 2 or 18%

VA Loan: 1 or 9%

USDA Loan: 1 or 9%