Real Estate Update – Mid Peninsula

Dan Gilmartin reviews the weekly home inventory numbers.

See your home value right now: http://www.thegilmartins.com/home-valuation/

Video Transcript

Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, April 8th 2019, with your Monday Morning Market Minute.

Single family inventory from South San Francisco to Redwood City right now is 140, thats down from 151 of last week. We had 38 homes come onto the market and 42 homes go into contract. Thats exactly what we like to see, its not the 50 number we saw last week, still 42 is a great number.

Condominiums right now, 60 condominiums on the market thats down from the 63 we had last week. We had 14 condominiums come onto the market thats lower than last weeks 20, and we had 14 condominiums go into contract now thats a healthy number! So total total from South San Francisco to Redwood City inventory is 200, down from 214 and that is the fifth week in a row inventory has gone DOWN! Last week I also mention that this last week might have been the best week to sell your home and I am telling you we have some stories that it was totally true, and inventory goes down, this market continues to heat up, still more inventory than last year which is good for buyers and yet homes are selling. So if you are thinking of selling your homenow isa fantastic time to sell your home.

By the way if you are liking the Monday Morning Market Minute then you definitely want ot join us on our podcast Beyond the Minute. This is where Tim and myself go deeper with these numbers and go with a more in depth conversation. Now, if you have never been on a podcast before now is a great time to be introduced to what podcasts are because i promise you if you have not been on a podcast before you will like our show and see all these other shows are that you will become addicted to! We invite you to visit us and listen to Beyond the Minute where Tim and myself unpack the Monday morning Market Minute.

Have a great day and we will talk to you next week!