Realty World - Providence Properties » Market Update http://providence-properties.com Serving you since 2004 Sat, 19 May 2012 14:34:00 +0000 en hourly 1 http://wordpress.org/?v=3.3.2 Hollister, San Benito County Real Estate Market Update for May 12, 2012 http://lorimcclelland.com/2012/05/12/hollister-san-benito-county-real-estate-market-update-for-may-12-2012/ http://lorimcclelland.com/2012/05/12/hollister-san-benito-county-real-estate-market-update-for-may-12-2012/#comments Sat, 12 May 2012 14:02:00 +0000 Lori McClelland http://providence-properties.com/2012/05/12/hollister-san-benito-county-real-estate-market-update-for-may-12-2012/ Solds_for_the_week_05-12-12[1]
Single Family Residential
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Actives:
San Benito County-82 of which REO/Bank Owned-13 or 16%, Short Sales-13 or 16%
Hollister-43 of which REO/Bank Owned-9 or 21%, Short Sales-12 or 28%
 
Pendings:
San Benito County-191 of which REO/Bank Owned-29 or 15%, Short Sales-121 or 63%
Hollister-157 of which REO/Bank Owned-21 or 13%, Short Sales-102 or 65%
 
Absorption Rate:
San Benito County-.43 months supply of inventory or 13-Days
Hollister-.27 months supply of inventory or 8-Days
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Solds for the week: 9
High:$480,000  FHA Loan, Traditional Sale (new construction)
Low: $185,400 FHA Loan, Traditional Sale
Full-Price/Over-Asking: 5 or 55%
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Sale Type:
Traditional Sale-5 or 55%
Short Sale-3 or 33%
REO/Bank Owned-1 or 11%
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Financing Type:
FHA Loan-5 or 55%
New Conv 1st-3 or 33%
All CASH-1 or 11%

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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%

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Single Family Residential
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Actives:
San Benito County-85 of which REO/Bank Owned-15 or 18%, Short Sales-20 or 24%
Hollister-44 of which REO/Bank Owned-9 or 20%, Short Sales-16 or 36%
 
Pendings:
San Benito County-206 of which REO/Bank Owned-34 or 16.5%, Short Sales-120 or 58%
Hollister-174 of which REO/Bank Owned-25 or 14%, Short Sales-106 or 61%
 
Absorption Rate:
San Benito County-.41 months supply of inventory or 12-Days
Hollister-.25 months supply of inventory or 8-Days
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Solds for the Week: 11
High: $449,000 New Conv 1st, Traditional Sale (Flip)
Low:  $110,000 All Cash, Short Sale
Full-Price/Over-Asking: 5 or 45%
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Sale Type:
Traditional Sale-7 or 64%
REO/Bank Owned-2 or 18%
Short Sale-2 or 18%
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Financing Type:
New Conv. 1st-4 or 36%
All Cash-3 or 27%
FHA Loan-2 or 18%
USDA Loan-2 or 18%
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]]> http://lorimcclelland.com/2012/04/21/hollister-san-benito-county-real-estate-market-update-for-april-21-2012/feed/ 0 Hollister, San Benito County Real Estate Market Update for April 14th, 2012 http://lorimcclelland.com/2012/04/14/hollister-san-benito-county-real-estate-market-update-for-april-14th-2012/ http://lorimcclelland.com/2012/04/14/hollister-san-benito-county-real-estate-market-update-for-april-14th-2012/#comments Sat, 14 Apr 2012 13:30:00 +0000 Lori McClelland http://providence-properties.com/2012/04/14/hollister-san-benito-county-real-estate-market-update-for-april-14th-2012/ 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…

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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!

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