Hollister and San Benito County areas are seeing a definite shift to a sellers market, as multiple offers are becoming the normal again. Many home buyers are approved for a home mortgage, but they are blocked by the low inventory in the highly desirable areas. Hollister is mainly know as a commuter town, aside from the agricultural community, to the San Jose area and investors and first time home buyers are battling for the winning bid on homes.
The hot price range is under $350,000 which has been increased from the usual $250,000. It takes about 2 months to close on a home, which is very good considering Hollister has many short sales. More buyers are accepting short sales which contributes to the 10% increase in sales over the last month. Great time to buy, so do not pass up a foreclosed property or short sale in this town. You might not have an opportunity again.
For a free list of foreclosures or information on the Hollister real estate market, please contact Intero Realtor Kristen Jurevich or visit Facebook.com/HollisterRealtor for more information.