Hollister, San Benito County Real Estate Market Update for June 29th, 2013

Solds for the Week of 06-29-13

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

 

Single Family Residential

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Actives
San Benito County-62 of which REO/Bank Owned-3 or 5%, Short Sales-2 or 3%
Hollister-38 of which REO/Bank Owned-1 or 3%, Short Sales-2 or 5%
Pendings
San Benito County-118 of which REO/Bank Owned-2 or 2%, Short Sales-52 or 44%
Hollister-96 of which REO/Bank Owned-1 or 1%, Short Sales-44 or 46
Absorption Rate
San Benito County-.52 months supply of inventory or 16-days
Hollister-.40 months supply of inventory or 12-days
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Solds for the Week: 3
High: $370,000 Short Sale, New Conv 1st
Low:  $190,000 Short Sale, All Cash
Full-Price/Over-Asking: 3 or 100%
Average Square Footage: 1438sf
Average Price/Square Foot: $190.22
Average Sales Price: $278,333.00
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Sale Type
Short Sales: 2 or 66.6%
Traditional Sale: 1 or 33.3%
REO/Bank Owned: None
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Financing Type
New Conv. 1st: 2 or 66.6%
All Cash: 1 or 33.3%
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Got a call last night from an appraiser. Needed to know a “Pending Sale” Price. He said they’re are finding they need to check on “Pending Sale” Prices to support increasing values in the marketplace. He said most “Pending Sales” have a sale price higher then their list price and they can use that info to support the movement of the market upward.
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Hollister, San Benito County Real Estate Market Update for March 2, 2013

Solds for the Week of 03-02-13

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

 

Single Family Residential

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Actives
San Benito County-54 of which REO/Bank Owned-1 or 2%, Short Sales-5 or 9%
Hollister-32 of which REO/Bank Owned-0, Short Sales-5 or 16%
Pendings
San Benito County-134 of which REO/Bank Owned-8 or 6%, Short Sales-74 or 55%
Hollister-112 of which REO/Bank Owned-7 or 6%, Short Sales-66 or 59%
Absorption Rate
San Benito County-.40 months supply of inventory or 12-Days
Hollister-.28 months supply of inventory or 8.6-Days
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Sold’s for the Week: 5
High: $520.000 Traditional Sale, New Conv. 1st
Low:  $315,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 2 or 40%
Average Sales Price: $414,400
Average Price/Square Foot: $190
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Sale Type
Traditional Sale: 2 or 40%
Short Sale: 2 or 40%
REO/Bank Owned: 1 or 20%
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Financing Type
New Conv 1st: 2 or 40%
FHA Loan: 2 or 40%
USDA Loan: 1 or 20%
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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
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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
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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 November 5, 2011

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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Hollister, San Benito County Real Estate Market Update for October 29th, 2011

Official seal of County of San Benito
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

Official seal of County of San Benito
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 August 20, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
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Actives
San Benito County-176 of which REO/Bank Owned-26 or 15%
Hollister-118 of which REO/Bank Owned-15 or 13%

Pendings
San Benito County-192 of which REO/Bank Owned-30 or 16%
Hollister-156 of which REO/Bank Owned-26 or 17%

Absorption Rate
San Benito County-.92 months supply of inventory or 27-days
Hollister-.76 months supply of inventory or 23-days
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Solds for the week: 3
High: $670,000 Traditional Sale, New Conv 1st
Low:  $232,300 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 1 or 33%
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Sale Type
REO/Bank Owned: 2 or 66%
Traditional Sale: 1 or 33%
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Financing Type
New Conv 1st: 2 or 66%
All CASH: 1 or 33%
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Hollister, San Benito County Real Estate Market Update for August 13th, 2011

Official seal of County of San Benito
Image via Wikipedia

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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Hollister, San Benito County Real Estate Market Update for July 23, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
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Actives:
San Benito County-184 of which REO/Bank Owned-27 or 15%
Hollister-130 of which REO/Bank Owned-20 or 15%

Pendings:
San Benito County-175 of which REO/Bank Owned-34 or 19%
Hollister-133 of which REO/Bank Owned-25 or 19%

Absorption Rate:
San Benito County-1.05 months supply of inventory or 31-days
Hollister-.98 months supply of inventory or 29-days
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Solds for the week: 7
High:$600,000 Traditional Sale, New Conv 1st
Low: $182,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 3 or 43%
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Sale Type
REO/Bank Owned: 4 or 57%
Traditional Sale: 2 or 28%
Short Sale: 1 or 14%
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Financing Type
FHA Loan: 3 or 43%
New Conv 1st: 2 or 28%
USDA Loan: 1 or 14%
All Cash: 1 or 14%
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Hollister, San Benito County Real Estate Market Update for July 16, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
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Actives
San Benito County-184 of which REO/Bank Owned-26 or 14%
Hollister-132 of which REO/Bank Owned-20 or 15%

Pendings
San Benito County-165 of which REO/Bank Owned-35 or 21%
Hollister-125 of which REO/Bank Owned-26 or 21%

Absorption Rate
San Benito County-1.11 months supply of inventory or 33-days
Hollister-1.05 months supply of inventory or 32-days
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Solds for the week: 15
High: $537,000 Traditional Sale, New Conv 1st
Low:  $120,000 REO/Bank Owned, All CASH
Full-Price/Over-Asking: 9 or 60%
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Sale Type
REO/Bank Owned: 9 or 60%
Short Sale: 5 or 33%
Traditional Sale: 1 or 6%
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Financing Type
New Conv 1st: 7 or 47%
FHA Loan: 4 or 27%
All CASH: 3 or 20%
VA Loan: 1 or 6%
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