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Monday Morning Market Minute – January 16th 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, January 16th 2017 — Martin Luther King holiday — with your Monday Morning Market Minute. Okay, South San Francisco to Redwood City, single-family inventory right now is 76. Last week that number was 56. In last year, that number was 78 — very very similar. We had 33 homes come on to the market — last year with 30 homes come on the market during that week. And we had 10 homes go into contract — last week we only had 5 homes go into contract. Condominiums, we have 44 condominiums on the market right now — last year at this time, that number was 39. We had 11 new condominiums come into the market, and we had 6 condominiums go into contract. So, from South City to Redwood City, single-family homes and condominiums, the complete inventory is 120, which is up from 98 — still very very low inventory. So if you’re thinking of selling your home, now is the time to give me a call so I can come out, take a look at your home, put together a plan, and help you get what you want in the time you want. Won’t that be great? Thanks for listening, have a great day, I’ll talk to you next week.

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