Hollister, San Benito County Real Estate Market Update for July 9th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
Actives
San Benito County-201 of which REO/Bank Owned-26 or 13%
Hollister-143 of which REO/Bank Owned-18 or 13%

Pendings
San Benito County-155 or which REO/Bank Owned-33 or 21%
Hollister-122 of which REO/Bank Owned-27 or 22%

Absorption Rate
San Bentito County-1.3 months supply of inventory or 39-days
Hollister-1.17 months supply of inventory or 35-days
____________________________________________________________
Solds for the week: 9
High: $319,000 Investor Flip, USDA Loan
Low:  $200,000 Short Sale, FHA Loan
Full-Price/Over-Asking: 4 or 44%
____________________________________________________________
Sale Type
REO/Bank Owned-4 or 44%
Traditional Sale-3 or 33%
Short Sale-2 or 22%
____________________________________________________________
Financing Type
FHA Loan-4 or 44%
USDA Loan-2 or 22%
All CASH-2 or 22%
New Conv 1st-1 or 11%
____________________________________________________________

I’m BACK!!!

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for June 18, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________

Actives:
San Benito County-186 of which REO/Bank Owned-27 or 16%
Hollister-126 of which REO/Bank Owned-20 or 16%

Pendings:
San Benito County-161 of which REO/Bank Owned-38 or 24%
Hollister-130 of which REO/Bank Owned-30 or 23%

Absorption Rate:
San Benito County-1.16 months supply of inventory or 35-days
Hollister-.97 months supply of inventory or 29-days
____________________________________________________________

Solds for the week: 12
High: $530,000 Short Sale, New Conv. 1st
Low:  $165,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 7 or 58%
____________________________________________________________

Sale Type
REO/Bank Owned: 7 or 58%
Short Sale: 3 or 25%
Traditional Sale: 2 or 17%
____________________________________________________________

Financing Type
New Conv 1st: 5 or 42%
FHA Loan: 5 or 42%
All CASH: 2 or 17%
____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for June 11, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
Actives
San Benito County-191 of which REO/Bank Owned-31 or 16%
Hollister-129 of which REO/Bank Owned-23 or 18%

Pendings
San Benito County-157 of which REO/Bank Owned-34 or 22%
Hollister-129 of which REO/Bank Owned-27 or 21%

Absorption Rate
San Benito County-1.22 months supply of inventory or 36-days
Hollister-1 month supply of inventory or 30-days
____________________________________________________________
Solds for the week: 12
High: $499,000 REO/Bank Owned, New Conv. 1st
Low:   $92,000 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 6 or 50%
____________________________________________________________
Sale Type
Traditional Sale-5 or 42%
REO/Bank Owned-5 or 42%
Short Sale-2 or 17%
____________________________________________________________
Financing Type
New Conv. 1st-4 or 33%
FHA Loan-4 or 33%
All CASH-4 or 33%
____________________________________________________________
There you have it! Had my first eviction this week. Do I have a tale to tell about that!!!

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for May 28th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
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
____________________________________________________________
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%
____________________________________________________________
Sale Type:
Short Sale-8 or 53%
REO/Bank Owned-4 or 27%
Regular Sale-3 or 20%
____________________________________________________________
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%
____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for April 30th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
Actives
San Benito County-181 of which REO/Bank Owned-29 or 16%
Hollister-128 of which REO/Bank Owned-23 or 18%

Pendings
San Benito County-180 of which REO/Bank Owned-36 or 20%
Hollister-141 of which REO/Bank Owned-30 or 21%

Absorption Rate
San Benito County-1.0 months supply of inventory or 30-days
Hollister-.90 months supply of inventory or 27-days
____________________________________________________________
Solds for the week: 17 (5 where new construction)
High: $710,000 Traditional Sale, New Conv 1st
Low: $180,000 Short Sale, All CASH
Full-Price/Over-Asking: 7 or 41%
____________________________________________________________
Sale Type
Traditional Sale: 6 or 35% (5 new construction)
Short Sale: 6 or 35%
REO/Bank Owned: 5 or 29%
____________________________________________________________
Financing Type
FHA Loan: 8 or 47%
All CASH: 5 or 29%
New Conv 1st: 4 or 24%
____________________________________________________________

Enhanced by Zemanta

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

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential

____________________________________________________________

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

____________________________________________________________

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%

____________________________________________________________

Sale Type

REO/Bank Owned: 8 or 57%

Short Sale: 4 or 28%

Traditional Sale: 2 or 14%

____________________________________________________________

Financing Type

FHA Loan: 5 or 36%

New Conv 1st: 4 or 28%

USDA Loan: 3 or 21%

All CASH: 2 or 14%

____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for April 16th, 2010

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives

San Benito County-177 of which REO/Bank Owned-26 or 15%

Hollister-127 of which REO/Bank Owned-22 or 17%

Pendings

San Benito County-187 of which REO/Bank Owned-41 or 22%

Hollister-145 of which REO/Bank Owned-36 or 25%

Absorption Rate

San Benito County-.95 months supply of inventory or 28-days

Hollister-.88 months supply of inventory or 26-days

____________________________________________________________

Solds for the week: 9

High: $665,000 Equity Sale, New Conv 1st

Low:  $145,000 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 5 or 56%

____________________________________________________________

Sale Type

REO/Bank Owned: 4 or 44%

Short Sale: 3 or 33%

Equity Sale: 2 or 22%

____________________________________________________________

Financing Type

All Cash: 3 or 33%

New Conv 1st: 2 or 22%

FHA Loan: 2 or 22%

VA Loan: 1 or 11%

USDA Loan: 1 or 11%

____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for April 9th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives:

San Benito County-176 of which REO/Bank Owned-25 or 14%

Hollister-123 of which REO/Bank Owned-22 or 18%

Pendings:

San Benito County-189 of which REO/Bank Owned-44 or 23%

Absorption Rate:

San Benito County-.93 months supply of inventory or 28-days

Hollister-.82 months supply of inventory or 25-days

____________________________________________________________

Solds for the week: 6

High: $484,000 REO/Bank Owned, All Cash

Low:  $188,000 REO/Bank Owned, New Conv 1st

Full-Price/Over-Asking: 3 or 50%

____________________________________________________________

Sale Type

REO/Bank Owned: 3 or 50%

Short Sale: 2 or 33%

Equity Sale: 1 or 17%

____________________________________________________________

Financing Type

FHA Loan: 2 or 33%

New Conv 1st: 1 or 17%

USDA Loan: 1 or 17%

All CASH: 1 or 17%

Seller Carry Back: 1 or 17%

____________________________________________________________

There’s a new lender in town this week ~~~ the Seller Carry Back ~~~ what you won’t hear anyone talk about in this market is that 30% of all U.S. homes have no mortgage against them. For them … the Seller Carry Back is a lending option…you become the bank!

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for April 2, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives

San Benito County: 170 of which REO/Bank Owned-27 or 16%

Hollister: 113 of which REO/Bank Owned-23 or 20%

Pendings

San Benito County: 184 of which REO/Bank Owned-41 or 22%

Hollister: 147 of which REO/Bank Owned-35 or 24%

Absorption Rate

San Benito County: .92 months supply of inventory or 28-days

Hollister: .77 months supply of inventory or 23-days

____________________________________________________________

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

High: $500,000 Short Sale, New Conv 1st

Low:  $170,000 REO/Bank Owned, USDA Loan

Full-Price/Over-Asking: 8 or 44%

____________________________________________________________

Sale Type

REO/Bank Owned: 10 or 55%

Short Sale: 6 or 33%

Equity Sale: 2 or 11%

____________________________________________________________

Financing Type

New Conv. 1st: 6 or 33%

FHA Loan: 5 or 28%

All CASH: 4 or 22%

USDA Loan: 2 or 11%

VA Loan: 1 or 5%

____________________________________________________________

Our Absorption Rate appears to be tightening up a bit! I’m seeing the banks move more on foreclosing the first sale date especially if the original NOD was filed after January 1 of this year…

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for March 26th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives

San Benito County-171 of which REO/Bank Owned-24 or 14%

Hollister-111 of which REO/Bank Owned-20 or 18%

Pendings

San Benito County-187 of which REO/Bank Owned-45 or 24%

Hollister-154 of which REO/Bank Owned-39 or 25%

Absorption Rate

San Benito County-.91 months supply of inventory or 27-days

Hollister-.72 months supply of inventory or 22-days

____________________________________________________________

Solds for the week: 15 (3 late reportings or 20%)

High: $535,000 Short Sale, New Conv. 1st

Low:  $141,000 REO/Bank Owned, All Cash

Full-Price/Over-Asking: 4 or 27%

____________________________________________________________

Sale Type

REO/Bank Owned: 10 or 66%

Short Sale: 4 or 27%

Equity Sale: 1 or 7%

____________________________________________________________

Financing Type

FHA Loan: 8 or 53%

New Conv. 1st: 5 or 33%

All Cash: 2 or 13%

____________________________________________________________

 Absorption Rate is back under a one month supply of inventory….Things that make ya go hummmmmm

Enhanced by Zemanta