Realty World – Providence Properties

Single Family Residential
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Active:
  San Benito County-133 of which REO/Bank Owned-18 or 14%
  Hollister-73 of which REO/Bank Owned-11 or 15%
Pending:
  San Benito County-216 of which REO/Bank Owned-52 or 24%
  Hollister-179 of which REO/Bank Owned-41 or 23%
Absorption Rate:
  San Benito County-.62 month’s supply of inventory or 19days
  Hollister-.41 month’s supply of inventory or 12days
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Solds for the week: 11
  High: $820,000  New Conv. 1st, Equity Sale
        Property appraised for $750,000! Buyer paid $70,000
        over appraised value.
  Low:  $140,000  FHA Loan, REO/Bank Owned
Full-Price or Over-Asking: 6 or 55%
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Sale Type
REO/Bank Owned: 5 or 45%
Equity Sale: 6 or 55%
Short Sale: none
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Financing Type
New Conv. 1st: 6 or 55%
FHA Loan: 2 or 18%
All CASH: 1 or 9%
VA Loan: 1 or 9%
USDA Loan: 1 or 9%

Single Family Residential
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Active:
  San Benito County-134 of which REO/Bank Owned-25 or 19%
  Hollister-70 of which REO/Bank Owned-16 or 23%
Pending:
  San Benito County-215 of which REO/Bank Owned-50 or 23%
  Hollister-180 of which REO/Bank Owned-40 or 22%
Absorption Rate:
  San Benito County-.62 month’s supply of inventory or 19days
  Hollister-.39 month’s supply of inventory or 12days
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Solds for the week: 7 (a light week for closings)
  High-$524,700  REO/Bank Owned, New Conv. 1st
  Low-$210,000 Short Sale, FHA Loan
Full Price or Over Asking: 5 or 71%
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Sale Type
REO/Bank Owned-2 or 29%
Short Sale-4 or 57%
Equity Sale-1 or 14%
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Financing Type
New Conv. 1st-4 or 57%
FHA Loan-3 or 43%
All Cash-none this week
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