Solds for the week 12-31-11
Single Family Residential
______________________________________________________________
Actives:
San Benito County-117 of which REO/Bank Owned-20 or 17%, Short Sales-30 or 26%
Hollister-76 of which REO/Bank Owned-15 or 20%, Short Sales-25 or 33%
Pendings:
San Benito County-192 of which REO/Bank Owned-24 or 12.5%, Short Sales-135 or 70%
Hollister-158 of which REO/Bank Owned-20 or 13%, Short Sales-112 or 71%
Absorption Rate:
San Benito County-.61 months supply of inventory or 18-days
Hollister-.48 months supply of inventory or 14.5-days
_______________________________________________________________
Solds for the week: 3
High: $295,000, REO/Bank Owned, New Conv. 1st
Low: $220,000 Traditional Sale, New Conv. 1st
Full-Price/Over-Asking: 1 or 33%
_______________________________________________________________
Sale Type
REO/Bank Owned: 2 or 66%
Traditional Sale: 1 or 33%
Short Sale: none
_______________________________________________________________
Financing Type
New Conv. 1st: 2 or 66%
All CASH: 1 or 33%
Solds for the week 12-24-11
Single Family Residential
________________________________________________
Actives:
San Benito County-119
REO/Bank Owned-19 or 16%
Short Sales-36 or 30%
Hollister-83
REO/Bank Owned-15 or 18%
Short Sales-32 or 39%
Pendings:
San Benito County-193
REO/Bank Owned-27 or 14%
Short Sales-132 or 68%
Hollister-156
REO/Bank Owed-22 or 14%
Short Sales-108 or 69%
Absorption Rate:
San Benito County-.62 month’s supply of inventory or 18.5 days
Hollister-.53 month’s supply of inventory or 16 days
________________________________________________
Solds for the week: 5
High: $568,000 REO/Bank Owned, New Conv 1st
Low: $235,000 REO/Bank Owned, New Conv 1st
Full-Price/Over-Asking: 3 or 60%
________________________________________________
Sale Type
REO/Bank Owned: 3 or 60%
Short Sale: 1 or 20%
Traditional Sale: 1 or 20%
________________________________________________
Financing Type
New Conv 1st: 3 or 60%
FHA Loan: 2 or 40%
MERRY CHRISTMAS EVERYONE!
Solds for the week 12-17-11
Single Family Residential
___________________________________________________________________
Actives
San Benito County-132 of which REO/Bank Owned-20 or 15% ~ Short Sales-39 or 29.5%
Hollister-92 of which REO/Bank Owned-14 or 15% ~ Short Sales-35 or 38%
Pendings
San Benito County-186 of which REO/Bank Owned-28 or 15% ~ Short Sales-130 or 70%
Hollister- 150 of which REO/Bank Owned-24 or 16% ~ Short Sales-106 or 71%
Absorption Rate
San Benito County-.71 months supply of inventory or 21-days
Hollister- .61 months supply of inventory or 18-days
____________________________________________________________________
Solds for the week: 5
High- $625,000 Short Sale, All CASH
Low- $175,000 Short Sale, New Conv 1st
Full-Price/Over-Asking: 4 or 80%
____________________________________________________________________
Sale Type
Short Sale-4 or 80%
REO/Bank Owed-1 or 20%
____________________________________________________________________
Financing Type
New Conv 1st-2 or 40%
FHA Loan-1 or 20%
VA Loan-1 or 20%
All CASH-1 or 20%
–
It’s A Good Life! That’s For Sure
Being new to Real Estate sales I am still surprised when I answer my cell phone and the person on the other side is surprised to hear my voice, thinking that they have reached my voicemail. I think most people in the business, including our clients expect to always receive a voicemail. These people are also surprised when their emails are immediately responded to. Now, first..I am not perfect, but if I am up and my phone rings..I answer it. If I have my email open on my computer, or my cell phone alerts me…I will try to immediately respond to my emails. Sure there are moments when I have a time sensitive project that I need to get out, or I am meeting with clients and will turn my ringer off. But when I am finished, if I have voice mails I will return them as quickly as possible.
But I have also met new people who have become my clients because their previous agent just didn’t work for them. They were the ones perusing Internet sites looking for property that fits the criteria of what they are looking for, then calling their “agent” to see if he or she can give them information or set up a viewing. When I have explained to these new clients of mine (thank you to their previous agent), that I can set them up on an MLS alert that will notify them as soon as a property hits the market with the characteristics they are looking for, their immediate response is “why didn’t our previous agent do that”?
When I first started working one of the first lessons my Broker taught me was that if a person called on one of our listings the first question I asked was “are you working with an agent”? I learned then that although the majority of the calls came from people who were indeed committed to an agent, they went on to say that they couldn’t get ahold of their agent, or their agent was attending a family function, or hadn’t even returned their phone call. And of course they have to see the property immediately! I even had one such person call me and I explained that if she was working with an agent, her agent could make arrangements to preview the property with her. Not five minutes later…her agent (who worked for a large local office) called me to say he was at swimming lessons with his kids and well, could I show his client my listing? Sure…I would be happy to provide excellent service to YOUR client, and actually showed her a couple of houses that day. By the way….that client is no longer his, but I don’t think he still knows that !
So, if your agent is not available, not answering their phone and checking their emails and just plain not working for you…..I am always welcoming new clients, and I am never too busy for any of your referrals!!
Single Family Residential
____________________________________________________________
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
____________________________________________________________
Solds for the week: 7 (a light week for closings- another indication of our extremely low inventory)
High-$524,700 REO/Bank Owned, New Conv. 1st
Low-$210,000 Short Sale, FHA Loan
Full Price or Over Asking: 5 or 71%
____________________________________________________________
Sale Type
REO/Bank Owned-2 or 29%
Short Sale-4 or 57%
Equity Sale-1 or 14%
____________________________________________________________
Financing Type
New Conv. 1st-4 or 57%
FHA Loan-3 or 43%
All Cash-none this week
____________________________________________________________
As a seller don’t let scare you…it is an incredible time to sell property. Particularly if you are having financial difficulties and may be facing a short sale. For properties that are priced correctly they will sell immediately typically with multiple offers.
As a buyer this is an incredible opportunity to purchase. The economic forecasters are predicting that interest rates will soon rise, leaving many buyers that could afford to purchase no longer being able to do so.
Until next week…..
