Weekly Real Estate Market Watch March 13-20, 2012

Hollister is seeing the shift from a first time home buyer’s market to more traditional sales in the higher end price range.   About 63% of San Benito County’s real estate market is over $300,000 list value.  While a majority of the homes pending and sold are under the average listed price, Hollister area is seeing a market recovery.

The low interest rates that local lenders can provide are keeping buyers interested in making home ownership a reality.  It typically takes an average of three months to close on a property, so lenders on both side of the transaction are quickly moving towards a close of escrow.   Real estate agents are more efficient in the short sale process as it has been leading the local real estate market in properties available.

Ask Kristen Jurevich (RealtorKJ)with Intero Real Estate Services for a free market analysis of your home or a free list of available homes at 831.635.6719.  The real estate market is getting better 🙂

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