Over these last few weeks, Hollister and the San Benito County is showing a market recovery with all the short sales, bank owned, and normal sales changing to SOLD. The highly anticipated foreclosure wave of all the current Notice of Defualts postings in San Benito County are nothing but a gust of wind. And who know when or if it will ever hit, as everyday the real estate market keeps changing as we try to stay current with government and lending rules and regulations.
Just look at the new listings versus just sold over the last year in Hollister alone. Our housing inventory is low, so the demand is higher. I have be reviving my old scripts from two years ago about multiple offers and bidding wars.
While the distressed properties are still leading the market, more and more traditional home sales in the $400,000 and up are taking a loss in equity in order to move.
If you are in the buying market either as an investor, first time home buyer, or upgrading homeowner, you will have some competition. However the home values are too good to pass up! If you fall on the opposite side and thought about selling your home, let’s talk about real estate and your future investment: Kristen Jurevich with Intero at 831.635.6719.