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Jan 24

Hollister, San Benito County Market Update for January 2010

Sunday, January 24, 2010 | 5 comments

Single Family Residential

____________________________________________________________

Active:

  San Benito County-133 of which REO/Bank Owned-18 or 14%

  Hollister-73 of which REO/Bank Owned-11 or 15%

Pending:

  San Benito County-216 of which REO/Bank Owned-52 or 24%

  Hollister-179 of which REO/Bank Owned-41 or 23%

Absorption Rate:

  San Benito County-.62 month’s supply of inventory or 19days

  Hollister-.41 month’s supply of inventory or 12days

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Solds for the week: 11

  High: $820,000  New Conv. 1st, Equity Sale

        Property appraised for $750,000! Buyer paid $70,000

        over appraised value.

  Low:  $140,000  FHA Loan, REO/Bank Owned

Full-Price or Over-Asking: 6 or 55%

____________________________________________________________

Sale Type

REO/Bank Owned: 5 or 45%

Equity Sale: 6 or 55%

Short Sale: none

___________________________________________________

Financing Type

New Conv. 1st: 6 or 55%

FHA Loan: 2 or 18%

All CASH: 1 or 9%

VA Loan: 1 or 9%

USDA Loan: 1 or 9%

Tags: , , , , , , , ,
Posted in Bank Owned Homes, Buyers, CDPE, Distressed Ho, Distressed Home Owners, Forclosures, General, Local Market Statistics, REO's, Short Sales

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