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…
Solds for the week of 04-07-12
Single Family Residential
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Active:
San Benito County-88 of which REO/Bank Owned-10 or 19%, Short Sales-22 or 25%
Hollister-50 of which REO/Bank Owned-7 or 14%, Short Sales-17 or 34%
Pendings:
San Benito County-205 of which REO/Bank Owned-35 or 17%, Short Sales-115 or 56%
Hollister-171 of which REO/Bank Owned-26 or 15%, Short Sales-101-59%
Absorption Rate:
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.29 months supply of inventory or 9-Days
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Solds for the week: 12
High: $552,000, Traditional Sale, All CASH
Low: $203,000, REO/Bank Owned, USDA Loan
Full-Price/Over-Asking: 8 or 67%
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Sale Type
Traditional Sale: 5 or 42%
Short Sale: 4 or 33%
REO/Bank Owned: 3 or 25%
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Financing Type
New Conv 1st: 6 or 50%
All CASH: 2 or 16.6%
FHA Loan: 2 or 16.6%
USDA Loan: 2 or 16.6%
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Wow! A 9 day aborsorption rate….explains the increasingly crazy buyer behavior
we’re seeing in the marketplace!
Solds_for_the_week_03-31-12[1]
Single Family Residential
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Actives:
San Benito County-99 of which REO/Bank Owned-19 or 19%, Short Sales-24 or 24%
Hollister-57 of which REO/Bank Owned-13 or 23%, Short Sales-18 or 32%
Pendings:
San Benito County-197 of which REO/Bank Owned-28 or 14%, Short Sales-113 or 57%
Hollister-162 of which REO/Bank Owned-22 or 14%, Short Sales-96 or 60%
Absorption Rate:
San Benito County-.50 months supply of inventory or 15-Days
Hollister-.35 months supply of inventory or 10.5-Days
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Solds for the week: 4
High: $375,000 REO/Bank Owned, FHA Loan
Low: $217,000 REO/Bank Owned, FHA Loan
Full-Price/Over-Asking: 2 or 50%
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Sale Type:
REO/Bank Owned-2 or 50%
Short Sale-2 or 50%
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Financing Type:
New Conv. 1st-2 or 50%
FHA Loan-2 or 50%
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Wow! Our inventory levels are rapids approaching the shortages of the peak of the run up of the market!!!
Weird…this last week my phone’s been ringing off the hook…maybe the limited inventory and low interest
rates are getting some buyers off the fence. Could we be seeing a little bit of an old fashioned spring
buying season?
