Things have changed. I moved to San Benito County in 1974, and I’ve been a real estate broker in Hollister Ca for the past five years. Prior to that I was a realtor with Coldwell Banker where I ranked in the top 16% internationally. During this time, I’ve watched Hollister Ca homes go through an incredible roller coaster ride as the small farming town thrived during the economic boom and housing became the industry to be in. Hollister property went from being used for farming, to becoming easy targets for developers like K&B Homes and Anderson Homes, as well as local contractors who built subdivisions of their own.
In the 70’s, a home in Hollister would cost somewhere in the neighborhood of $55,000. A simple 3 bedroom 2 bath home in a descent neighborhood. That same home topped out at nearly $600,000 in August of 2005! Ten times you investment! Well, like I said, things have changed. That same home is selling at apx. $250,000 today.
The number of Hollister Ca foreclosures and multi-residential opportunities is similar to the nearby San Jose Ca homes for sale just 45 minutes drive to the north. They’re simply everywhere. A savvy buyer can pick up a Hollister sale at the courthouse steps or simply by making a cash purchase through a realtor who has been chosen by the bank to represent their foreclosures. Either way, the deals are out there.