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Monday Morning Market Minute – February 5th 2018

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, February 5th 2018, with your Monday Morning Madness. Thanks to Juliet Harper, we bumped into the Harper’s at, Rana Brown’s 50th birthday party at the Vinyl Room in Burlingame on Saturday night. Had a great time, and Juliet came up and says, “Hey, I love your Monday Madness!” I thought that was funny but I had no idea how fitting it would be for this Monday. So welcome to the February 5th 2018 Monday Morning Market Madness.

Single family inventory from South San Francisco to Redwood City right now is 79 — that’s down from 84 of last week. We had 28 homes come to the market, and we had 32 homes go into contract, very very healthy number. Again remember, last year in 2017, the average was 35.

For condominiums, we have 33 condominiums on the market right now — that’s down from 41 of last week. We had 19 condominiums come into the market, and we had 23 condominiums go into contract, very very healthy number.

So total-total for Monday Madness, single-family homes from South City to Redwood City, right now is 112. 112 homes for sale right here in the mid-peninsula. Last week that number was 125. This market just got really hot. So, if you’re thinking of selling your home, give me call today. I’d love to put a plan together, and ultimately help you get what you want and the time you want. And let me tell you what: that will be great.

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

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