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 5th 2016 with your Monday Morning Market Minute. Single-family inventory from South San Francisco to Redwood City, currently 103. Last year at this time inventory, 103. Very interesting. We had 26 homes come on the market. Last week we only had 4 homes go on the market. Remember that was Thanksgiving week, so post-Thanksgiving we have 26 homes come on to the market. We had 19 homes go into contract — lower 40 number. Last week we had 17 homes go into contract. Condominiums, we have 51 condominiums on the market, that’s down from 56 of last week. We had 7 condominiums only — 7 condominiums come into the market, and we had 7 condominiums go into contract. So total-total, single-family homes and condominiums from South City to Redwood City, inventory today is 154, which is slightly down from 159. So if you’re thinking of selling your home, now is a great time. There’s still buyers out there, we can get the home prepared with the holiday decorations — that will look great, that would work. Or, we can wait until January. Inventory is still going to be low. So whatever works best for you. If you’re thinking of selling your home, give me a call. We can make a plan for the holidays, or we can set up our marketing plan for the beginning of 2017. Thanks for listening, have a great day, I’ll talk to you next week.