Monday Morning Market Minute – January 29th 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 29th 2018 with your Monday Morning Market Minute.

    Okay, single-family inventory from South San Francisco to Redwood City right now is 84 — that’s up slightly from 76 of last week. Last year at this time, that number was 86. We had 46 homes come on the market, and we had 34 homes go into contract — that a very healthy number; last year 2017, that average was 35.

    Condominiums right now, we have 41 condominiums on the market — that’s down from 42 of last week. Last year at this time, that number was 55. We had 13 condominiums come into the market, and we had 13 condominiums go into contract, pretty healthy number here come to the end of January 2018.

    So total-total, from South San Francisco to Redwood City, single-family homes and condominiums, inventory is 125. That’s up from 118 of last week, and last year at this time, that number was 141.

    So this market, continues to start off red hot. So if you’re thinking of selling your home, sooner is better than later as inventories low. Naturally, give me a call; I’d love to come out to your home, put a plan together, and ultimately, help you get what you want, and the time you want. Won’t that be great?

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

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