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 7th 2017, with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 121 — that’s up from 116 of last week. We had 49 homes come on the market, and we had 37 homes come into contract which is just under that 40-number that we like to see week in and week out. Condominiums, we have 60 condominiums on the market right now — that’s down from 68 of last week. We had 21 condominiums come on the market, and we had 27 condominiums go into contract — that is a huge healthy number. So total-total, single-family homes and condominiums, from South San Francisco to Redwood City, right now inventory is 181 — that’s down from 184 of last week. So here we are towards the end of the summer, and this market is getting even tighter. Also, I want to give a big shoutout to all of you who have been watching the Monday Morning Market Minute; we’re well over 60,000 views since we’ve started this, and I just want to say thank you very much. And in the spirit of trying to improve the minute, I want to introduce the Question of the Week. Thank you, Tim Wylan. And so feel free depending on where you seeing us — on Facebook or on our website, go ahead a post a question, we’ll pick the best question and we’ll answer them on the following week. Hey, thanks for listening, have a great day, and I’ll talk to you next week.