Hollister, San Benito County Real Estate Market Update for May 5, 2012

Solds_for_the_week_of_05-05-12[1]

Single Family Residential
_______________________________________________________
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
_______________________________________________________
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%
_______________________________________________________
Sale Type:
REO/Bank Owned-8 or 47%
Traditional Sale-6 or 35%
Short Sales-3 or 18
_______________________________________________________
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%

Enhanced by Zemanta

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
____________________________________________________________
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
____________________________________________________________
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%
____________________________________________________________
Sale Type
Traditional Sale: 4 or 50%
Short Sale: 3 or 37.5%
REO/Bank Owned: 1 or 12.5%
____________________________________________________________
Financing Type
New Conv 1st: 2 or 25%
FHA Loan: 2 or 25%
VA Loan: 2 or 25%
All Cash: 2 or 25%
____________________________________________________________

Enhanced by Zemanta

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
____________________________________________________________
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
____________________________________________________________
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%
____________________________________________________________
Sale Type
REO/Bank Owned-8 or 41%
Traditional Sale-5 or 29%
Short Sale-4 or 24%
____________________________________________________________
Financing Type
New Conv. 1st-10 or 59%
FHA Loan-5 or 29%
USDA Loan-1 or 6%
All CASH-1 or 6%
____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for September 10th, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
Actives
San Benito County-167 of which REO/Bank Owned-16 or 9.5%
Hollister-121 of which REO/Bank Owned-11 or 9%

Pendings
San Benito County-203 of which REO/Bank Owned-37 or 18%
Hollister-156 of which REO/Bank Owned-28 or 18%

Absorption Rate
San Benito County-.82 months supply of inventory or 25-days
Hollister-.77 months supply of inventory or 23-days
____________________________________________________________
Solds for the week: 2 (are you kidding me?)
High: $190,000 Short Sale, New Conv. 1st
Low: $175,000 Traditional Sale, New Conv. 1st
Full-Price/Over-Asking: None
____________________________________________________________
Sale Type
Short Sale: 1 or 50%
Traditional Sale: 1 or 50%
REO/Bank Owned: None
____________________________________________________________
Financing Type
New Conv. 1st: 2 or 100%
FHA Loan: none
All CASH: none
____________________________________________________________

Enhanced by Zemanta

Hollister, San Benito County Real Estate Market Update for September 3rd, 2011

Official seal of County of San Benito
Image via Wikipedia

Single Family Residential
____________________________________________________________
Actives
San Benito County-170 of which REO/Bank Owned-20 or 12%
Hollister-121 of which REO/Bank Owned-14 or 12%

Pendings
San Benito County-195 of which REO/Bank Owned-32 or 16%
Hollister-151 of which REO/Bank Owned-24 or 16%

Absorption Rate
San Benito County-.87 months supply of inventory or 26-days
Hollister-.80 months supply of inventory or 24-days
____________________________________________________________
Solds for the week: 13
High: $740,000 Short Sale, New Conv 1st
Low: $149,900 Short Sale, New Conv 1st
Full-Price/Over-Asking: 8 or 62%
____________________________________________________________
Sale Type
REO/Bank Owned: 6 or 46%
Short Sale: 4 or 31%
Traditional Sale: 3 or 23%
____________________________________________________________
Financing Type
New Conv 1st: 7 or 54%
FHA Loan: 3 or 23%
All CASH: 3 or 23%
____________________________________________________________

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 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 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

Hollister, San Benito County Real Estate Market Update for March 19th, 2011

Black Mountain (San Benito County, California)
Image via Wikipedia

Single Family Residential

____________________________________________________________

Actives

San Benito County-184 of which REO/Bank Owned-27 or 15%

Hollister-121 of which REO/Bank Owned-22 or 18%

Pendings

San Benito County-180 of which REO/Bank Owned-47 or 26%

Hollister-149 of which REO/Bank Owned-43 or 29%

Absorption Rate

San Benito County- 1.02 months supply of inventory or 31days

Hollister-.81 months supply of inventory or 24days

____________________________________________________________

Solds for the week: 8

High-$680,000 New Conv 1st, Equity Sale

Low- $199,000 VA Loan, Short Sale (Go…Tammy)

Full-Price/Over-Asking: 3 or 38%

____________________________________________________________

Sale Type

Equity Sale: 3 or 37.5%

Short Sale: 3 or 37.5%

REO/Bank Owned: 2 or 25%

____________________________________________________________

Financing Type

New Conv 1st: 3 or 37.5%

FHA Loan: 2 or 25%

All CASH: 1 or 12.5%

VA Loan: 1 or 12.5%

Seller Carry Back: 1 or 12.5%

____________________________________________________________

Wow! There’s a new lender in town….A Seller Carry Back!

Did you know that 30% of all homes in America HAVE NO MORTGAGE AGAINST THEM! They are owned free and clear!!!

Enhanced by Zemanta