Weekly Market Watch: May 10, 2011

San Benito County May 3rd-10th, 2011 Market Statistics

San Benito County has a large number of new listings with over 80% of the newly LISTED properties are under $400,000, and the trend stays true for JUST SOLDs with 75% under $400,00.  Properties are moving in this price range, and Realtor are taking advantage by lowing their listings to fit into that under $400,000 range.  Buyers are taking advantage of the low interest rates at 4.5% and grant programs covering 3% of the buyer’s closing costs such as the California Homebuyer Funds (CHF) in my previous blog.

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