Hollister Real Estate Report – May 2017

Seth Muenzer
Published on June 2, 2017

Hollister Real Estate Report – May 2017

Curious of what is going on in the Hollister real estate during the month of May along with a year over year comparison? Here is the real estate market report for May 2017.

 

Hollister Real Estate Activity for May 2017 vs May 2016


In May 2017 there were 34 homes that closed during the month. This is 11 more than May 2016.

  • The average sale price for homes that closed in May 2016 was $492,045
  • The average sale price for homes that closed in May 2017 was $515,012
  • The average Days on the market (DOM) for the homes that closed in May 2016 was 23 days.
  • The average Days on the market (DOM) for the homes that closed in May 2017 was 42 days.
  • The total amount of volume for the homes that closed in May 2016 was $18,205,654
  • The total amount of volume for the homes that closed in May 2017 was $17,510,400

Homes Under Contract in Hollister for May 2017

There were a total of 63 homes in Hollister that were under contract or sale pending through June 1st, 2017 The average market time for these 82 homes was 30 days. The average list price for these homes under contract was $530,520

Current Hollister Homes for Sale Inventory Levels

There are currently 65 Homes on the market. The median list price is $579,000. The average market time for these homes are 47 days. If priced properly, homes are selling in 30 days or less. The market absorption rate, as of June 1st, 2017 was 1.82. This means that if no other home in Hollister were put on the market, it would take 1.82 months to deplete the remaining homes on the market. How can both buyers and sellers have an advantage in the real estate market? Employ the services of a local real estate agent who has vast knowledge and experience of the market.

The above statistics are only for single family homes and do not include condominiums or multi-family homes.

Find Hollister, CA Homes for Sale

For a complete list of available real estate, homes and ranches, visit Hollister Homes for Sale. Make sure to subscribe to our blog so you do not miss out on any homes. Contact us to find out what your home is worth and to discuss your housing needs. Or looking to begin the buying process download the complete buyers guide.

Other May 2016 Real Estate Market Reports

 


 

About Seth Muenzer’s Real Estate Blog: The above article “What are you talking about? Real estate terms explained” is hosted by the Seth Muenzer, the owner of www.sethmuenzer.com. a leader in the field of Real Estate sales, marketing, and social media marketing. If you’re thinking of selling or buying, I would love to share my knowledge and expertise. For tips, tricks and how to save money when buying real estate please visit my other blog articles. If you have real estate question feel free to ask anytime and thank you for visiting my blog.

Servicing the following San Benito County areas: Hollister, Ridgemark, Tres Pinos, San Juan Bautista, Aromas and Prunedale as well as Santa Clara County, Gilroy, San Martin and Morgan Hill.

Hollister Real Estate Report – May 2017
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