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 6th 2017, with your Monday Morning Market Minute, and what a weekend we had — Super Bowl Sunday. Local boy does good — Tom Brady, and the Brady family. Love the Brady Family, San Mateo Family, Sierra Family — my oldest boy goes to Sierra — and I just loved watching that game, and that is a true lesson in sticking with it, never giving up — man, I’m excited about that. Okay, single-family inventory, South San Francisco to Redwood City right now is 87 homes. Only 87 homes on the market from Redwood City to South San Francisco. 31 homes came on the market, and we had 30 homes go into contract — getting close to that 40 number that we’re always looking for. Condominiums, we have 53 condominiums on the market right now — that’s down from 55 of last week. We had 15 condominiums come into the market, and we had 18 condominiums go into contract — that’s a super healthy number. So, total-total from South San Francisco to Redwood City, single-family homes and condominiums, the inventory is right now 140, which is down from 141. Market is super hot. If you’re thinking of selling your home, now is the time. And if you’re out there trying to buy a home, you really need to call me because we can put together a plan so you can win in the competition, and I know that’s what you want. Thanks for listening, have a great day, and I’ll talk to you next week.