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 23rd 2017 with your Monday Morning Market Minute. And what a busy weekend we had. I know San Mateo and Hillsborough had their own baseball tryouts, and I had a wonderful time at the Du Pont’s house for Mark and Reina’s baby shower. What a great time. Single-family inventory from South San Francisco to Redwood City currently right now is 81, which is up from 76. We had 22 homes come on to the market — good news for your buyers — and we had 17 homes go into contract, kind of a low number, market’s still getting going there. Condominiums, we have 52 condominiums on the market right now. That’s up from 44. 21 condominiums came on to the market — another good sign for buyers — and 12 condominiums go into contract. So total-total from South San Francisco to Redwood City, single-family homes and condominiums, the inventory is 133, up about 10% from last week of 120. Hey, thanks for listening, have a great day, I’ll talk to you next week.