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Actives:

San Benito County-144 of which REO/Bank Owned-23 or 16%

Hollister-82 of which REO/Bank Owned-16 or 20%

Pendings:

San Benito County-209 of which REO/Bank Owned-50 or 24%

Hollister-176 of which REO/Bank Owned-39 or 22%

Absorption Rate:

San Benito County-.69 months supply or 20 Days

Hollister-.47 months supply or 14 Days

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Solds for the week: 9

High-$600,000 REO/Bank Owned, New Conv. 1st

Low- $150,000 REO/Bank Owned, New Conv. 1st

Full-Price or Over-Asking-7 or 78%

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Sale Type

REO/Bank Owned-7 or 78%

Equity Sale-2 or 22%

Short Sale-none

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Financing Type

New Conv. 1st-2 or 22%

FHA Loan-2 or 22%

USDA Loan-2 or 22%

All CASH-3 or 33%

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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

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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%

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Sale Type

REO/Bank Owned: 11 or 65%

Short Sale: 1 or 6%

Equity Sale: 5 or 29%

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Financing Type

New Conv. 1st: 9 or 52%

FHA Loan: 4 or 24%

All CASH: 4 or 24%

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Wow! A big week for closings….

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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%

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Sale Type

REO/Bank Owned: 5 or 45%

Equity Sale: 6 or 55%

Short Sale: none

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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%

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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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