Solds_for_the_week_of_05-05-12[1]
Single Family Residential
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Actives:
San Benito County-78 of which REO/Bank Owned-9 or 11.5%, Short Sales-15 or 19%
Hollister-42 or which REO/Bank Owned-7 or 17%, Short Sales-14 or 33%
Pendings:
San Benito County-195 of which REO/Bank Owned-30 or 15%, Short Sales-121 or 62%
Hollister-161 of which REO/Bank Owned-21 or 13%, Short Sales-104 or 65%
Absorption Rate:
San Benito County-.4 months supply of inventory or 12-Days
Hollister-.26 months supply of inventory or 7.8-Days
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Solds for the Week: 17
High: $570,000 REO/Bank Owned, New Conv 1st
Low: $162,500, REO/Bank Owned, All CASH
Full-Price/Over-Asking: 9 or 53%
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Sale Type:
REO/Bank Owned-8 or 47%
Traditional Sale-6 or 35%
Short Sales-3 or 18
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Financing Type:
New Conv 1st-6 or 35%
FHA Loan-5 or 29%
USDA Loan-24%
VA Loan-1 or 6%
All CASH-1 or 6%
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!
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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Single Family Residential
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Actives:
San Benito County-136 of which REO/Bank Owned-28 or 21%
Hollister-72 of which REO/Bank Owned-17 or 24%
Pendings:
San Benito County-209 of which REO/Bank Owned-45 or 22%
Hollister-178 of which REO/Bank Owned-38 or 21%
Absorption Rate:
San Benito County-.65 months supply of inventory
or 19.5 days.
Hollister-.40 months supply of inventory
or 12 days.
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Solds for the week: 9
High: $650,000 REO/Bank Owned, FHA Loan
Low: $125,000 Equity Sale, All Cash
Full-Price or Over-Asking: 2 or 22%
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Sale Type
REO: 6 or 67%
Equity Sale: 3 or 33%
Short Sale: none
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Financing Type
New Conv 1st: 2 or 22%
FHA Loan: 3 or 33%
All Cash: 4 or 44%
Single Family Residential
____________________________________________________________
Actives:
San Benito County-136 of which REO/Bank Owned-28 or 21%
Hollister-72 of which REO/Bank Owned-17 or 24%
Pendings:
San Benito County-209 of which REO/Bank Owned-45 or 22%
Hollister-178 of which REO/Bank Owned-38 or 21%
Absorption Rate:
San Benito County-.65 months supply of inventory
or 19.5 days.
Hollister-.40 months supply of inventory
or 12 days.
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Solds for the week: 9
High: $650,000 REO/Bank Owned, FHA Loan
Low: $125,000 Equity Sale, All Cash
Full-Price or Over-Asking: 2 or 22%
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Sale Type
REO: 6 or 67%
Equity Sale: 3 or 33%
Short Sale: none
____________________________________________________________
Financing Type
New Conv 1st: 2 or 22%
FHA Loan: 3 or 33%
All Cash: 4 or 44%
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