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Monday Morning Market Minute – December 18th 2017

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, December 18th 2017 with your Monday Morning Market Minute.

Okay, single-family inventory from South San Francisco to Redwood City right now is 60 — that’s down from 89 of last week. We only had 7 homes come on the market — that’s an extremely low number; last week that number was 26. We also had 32 homes go into contract; very healthy number, 35 being the 2017 average; and last week that number was only 26.

For condominiums right now, we have 24 condominiums on the market — that’s down. We only had 2 come to the market, and only 7 condominiums go into contract, so that’s a little lower than I like to see.

So total-total, from South San Francisco to Redwood City, single-family homes and condominiums, the inventory is 84. Only 84 homes are on the market right now, and that is down from 123 of last week.

So if you’re still thinking you wanna sell your home, we can still do that this year. A matter of fact, I got a plan for you. How’s this sound? Highest number, highest price as is, no contingencies, close right now, and stay in your home for up to 2 months for free. Does that sound like a plan you like? If so, give me a call; I’d love to put that together for you.

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

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