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, August 28th 2017, with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 124 — that’s up from 119 of last week. We had 47 homes come on the market, and we had 37 homes go into contract — that’s under the 40-number that we like to see but the 2017 average is 35. Condominiums, we have 61 condominiums on the market right now — that’s up from 59. We had 17 condominiums come on the market, and we had 12 condominiums go into contract. So total-total, from South San Francisco to Redwood City, right now, condominiums and single-family homes, inventory is 185 — that’s up from 178, yet it’s only 185; from South City to Redwood City, we have under 200 homes on the market. So if you’re thinking of selling your home, and you’re feeling that you’ve missed the market, trust me, you haven’t. So thanks for listening, have a great day, and I’ll talk to you next week.