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Monday Morning Market Minute – April 2nd 2018

Real Estate Update – Mid Peninsula

Dan Gilmartin reviews the weekly home inventory numbers.

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Transcript – Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, April 2nd 2018 with your Monday Morning Market Minute in Cabo San Lucas. Hoping you’re having a wonderful spring break like we are. It’s absolutely incredible out here.

Okay, single-family inventory from South San Francisco to Redwood City right now is 99 — that’s down from 123 of last week and that’s incredible. We had 22 homes come on the market. We had 44 homes go into contract — that’s one of the highest numbers in 2018.

For condominiums, right now we have 40 condominiums on the market. We had 12 condominiums come into the market. We had 22 condominiums go into contract. Again that’s another huge number.

So total-total, from South City to Redwood City, condominiums and single-family homes, inventory is 139 — that’s down from 177 of last week. This market just got super hot. So again like I’ve been saying, if you’re thinking of selling your home this year, right now is a great time.

Thanks for listening, have a great day, and I’ll talk to you next week.

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