Real Estate Update – Mid Peninsula
Dan Gilmartin reviews the weekly home inventory numbers.
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Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, February 17th 2020 President’s Day hopefully you have the day off, Monday Morning Market Minute.
Single-family inventory from South San Francisco to Redwood City right now is 99 that is down from 111 of last week. I thought that number was going to go up. We had only 19 homes come onto the market last week that number was 49 and we had 33 homes go into contract, that was better than last weeks 22 but honestly I thought number was going to be 40 or more.
Condominiums right now…62 condominiums thats slightly up from 59 of last week. We had 16 condominiums come onto the market and 13 condominiums go into contract, thats a pretty good number.
So total inventory from South San Francisco to Redwood City single family homes and condominiums is…161 last week that umber was 160. What is going on here we only had 19 single family homes come on the market? I thought we would have a lot more than that, obviously people are still getting ready to get going, and that tells me that March we are probably going to have a huge wave of inventory coming in. So, if you are thinking of selling your home and you can get this done by the end of this month, that is going to bode very very well for you simply give us a call, we can make it happen!
Thanks for listening have a great day and we will talk to you next week.