Realty World – Providence Properties

http://www.clientdirect.net/news/?Pub=9625

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Single Family Residential
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Actives:
San Benito County-178 of which REO/Bank Owned-24 or 13%
Hollister-110 of which REO/Bank Owned-21 or 19%
Pendings:
San Benito County-192 of which REO/Bank Owned-37 or 19%
Hollister-155 of which REO/Bank Owned-31 or 20%
Absorption Rate:
San Benito County-.93 months supply of inventory or 28 days
Hollister-.71 months supply of inventory or 21 days
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Solds for the week: 21 (1 late reporter)
High-$535,000 Equity Sale, New Conv. 1st
Low- $185,000 Equity Sale, FHA Loan
Full-Price/Over-Asking-14 or 67%
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Sale Type:
Equity Sale-9 or 43%
       Investor Flip-2 or 22% of the solds.
       New Construction-1 or 11% of the solds.
REO/Bank Owned-7 or 33%
Short Sale-5 or 24%
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Financing Type:
New Conv. 1st-9 or 43%
FHA Loan-8 or 38%
VA Loan-2 or 10%
All CASH-1 or 5%
USDA Loan-1 or 5%

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Single Family Residential
____________________________________________________________
Actives:
San Benito County-176 of which REO/Bank Owned-28 or 16%
Hollister-106 of which REO/Bank Owned-25 or 24%
Pendings:
San Benito County-207 of which REO/Bank Owned-38 or 18%
Hollister-170 of which REO/Bank Owned-31 or 18%
Absorption Rate:
San Benito County-.85 months supply of inventory or 26-days
Hollister-.62 months supply of inventory or 19-days
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Solds for the week: 12
High-$445,000 Equity Sale, New Conv. 1st
Low- $157,000 REO/Bank Owned, New Conv. 1st
Full-Price/Over-Asking: 9 or 75%
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Sale Type
REO/Bank Owned: 5 or 42%
Equity Sale: 4 or 33% of those 3 were Flips or 25% of total
Short Sale: 3 or 25%
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Financing Type
New Conv 1st: 7 or 58%
FHA Loan: 5 or 42%
No CASH deals this week!
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 Wow! 25% of the total Solds were Investor Flips! There’s a new seller in the neighborhood….better pay attention!

Over The Fence ~ June 2010 
July is National Air Conditioning Month….

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Single Family Residential
____________________________________________________________
Actives:
San Benito Couny-167 of which REO/Bank Owned-26 or 16%
Hollister-99 of which REO/Bank Owned-24 or 24%
Pendings:
San Benito County-206 of which REO/Bank Owned-38 or 18%
Hollister-170 of which REO/Bank Owned-32 or 19%
Absorption Rate:
San Benito County-.81 months supply of inventory or 24-days
Hollister-.58 months supply of inventory or 17-days
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Solds for the week: 9
High-$530,000 Equity Sale-All CASH
Low- $145,000 Equity Sale-Seller carried New 1st
Full-Price or Over-Asking-2 or 22%
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Sale Type:
Equity Sale-6 or 67%
Short Sale- 2 or 22%
REO/Bank Owned-1 or 11%
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Financing Type:
New Conv. 1st-3 or 33%
FHA Loan- 2 or 22%
All CASH- 3 or 22%
VA Loan-  1 or 11%
Seller Financing-1 or 11%
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 Wow! Equity Sales still rule the day and a new one….Seller Financing!