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Jan 31

Hollister/San Benito Market update

Sunday, January 31, 2010 | 7 comments

What a busy week we had last week…here are the stats:
Single Family Residential

____________________________________________________________

Active:

San Benito County-143 of which REO/Bank Owned-22 or 15%

Hollister-82 of which REO/Bank Owned-14 or 17%

Pending:

San Benito County-207 of which REO/Bank Owned-47 or 23%

Hollister-172 of which REO/Bank Owned-39 or 23%

Absorption Rate:

San Benito County-.69 months supply of inventory or 21 Days

Hollister-.48 months supply of inventory or 14 Days

____________________________________________________________

Solds for the week: 17

High: $1,225,000 Equity Sale, New Conv. 1st

Low: $79,900 REO/Bank Owned, All CASH

Full-Price or Over-Asking: 7 or 41%

____________________________________________________________

Sale Type

REO/Bank Owned: 11 or 65%

Short Sale: 1 or 6%

Equity Sale: 5 or 29%

____________________________________________________________

Financing Type

New Conv. 1st: 9 or 52%

FHA Loan: 4 or 24%

All CASH: 4 or 24%

____________________________________________________________

And a personal note… earlier this month I had some dear friends of mine who lost their home to foreclosure. Sadly they took the advice of a family member and were scammed. By the time they realized it, they had lost their home.
Please…if you or anyone you know is in this situation..there are options and I am here to help. My advice and guidance is at no charge.

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