Monday Morning Market Minute – January 22nd 2018

    Real Estate Update – Mid Peninsula

    Dan Gilmartin reviews the weekly home inventory numbers.

    See your home value right now: http://www.thegilmartins.com/home-valuation/

    Transcript – Hi, this is Dan Gilmartin, part of the Gilmartin Group Real Estate Company in Burlingame, California, January 22nd 2018, with your Monday Morning Market Minute.

    Single family inventory from South San Francisco to Redwood City right now 76, up slightly from 73 of last week. Last year at this time, that number was 81. We had 29 homes come on the market, and we had 24 homes go into contract. That’s a pretty good number for the 3rd week here in 2018. Last year, that number was 17.

    Condominiums right now, we have 42 condominiums on the market — that’s way up from 29 of last week. Last year at this time, that number was 52. We had 20 condominiums come to the market, and we had 10 condominiums go into contract. Last year that number was 12.

    So, total-total, from South San Francisco to Redwood City, single-family homes and condominiums, inventory is 118. That’s up from 102 of last week. And, last year, 2017 at this time, that number was 133. So this market is continuing to start off red hot. So if you’re thinking of selling your home, give me a call today, I’ll be more than happy to come out, get a plan together, and ultimately, get you what you want, and the time you want. Won’t that be great?

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

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