Realty World – Providence Properties

Solds_for_the_week_04-28-12[1]
Single Family Residential
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Actives:
San Benito County-80 of which REO/Bank Owned-11 or 14%, Short Sales-17 or 21%
Hollister-43 of which REO/Bank Owned-7 or 16%, Short Sales-14 or 33%
 
Pendings:
San Benito County-208 of which REO/Bank Owned-38 or 18%, Short Sales-123 or 59%
Hollister-172 of which REO/Bank Owned-27 or 16%, Short Sales-108 or 63%
 
Absorption Rate:
San Benito County-.38 months supply of inventory or 11.5 Days
Hollister-.25 months supply of inventory or 7.5 Days
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Solds for the Week: 8
High: $760,000 Short Sale, New Conv 1st
Low:  $170,100 REO/Bank Owned, All Cash
Full-Price/Over-Asking: 4 or 50%
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Sale Type:
Short Sale-3 or 37.5%
Traditional Sale-3 or 37.5%
REO/Bank Owned-2 or 25%
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Financing Type:
New Conv 1st-5 or 62.5%
All Cash-3 or 37.5%

Solds_for_the_week_04-14-12[1]
Single Family Residential
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Actives:
San Benito County-82 of which REO/Bank Owned-11 or 13%, Short Sales-21 or 26%
Hollister-43 of which REO/Bank Owned-8 or 19%,  Short Sales-15 or 35%
 
Pendings:
San Benito County-209 of which REO/Bank Owned-35 or 17%, Short Sales-116 or 56%
Hollister-173 of which REO/Bank Owned-23 or 13%, Short Sales-103 or 60%
 
Absorption Rate:
San Benito County-.39 months supply of inventory or 12-Days
Hollister-.25 months supply of inventory or 7.5-Days
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Solds for the Week: 5
High: $350,000 Short Sale, USDA Loan
Low:  $210,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 2 or 40%
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Sale Type:
REO/Bank Owned-2 or 40%
Short Sales-2 or 40%
Traditional Sale-1 or 20%
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Financing Type:
FHA Loan-2 or 40%
New Conv 1st-1 or 20%
All CASH-1 or 20%
USDA Loan-1 or 20%
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Wow! our inventory is officially pathetic in my opinion…if you’re a buyer anyway…not so much if you’re a seller…