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Monday Morning Market Minute – January 8th 2018

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 8th 2018, with your Monday Morning Market Minute.

Okay, the first Monday of 2018 was a holiday, so today is really the first work Monday of 2018. So, single-family inventory from South San Francisco to Redwood City right now is 49. That’s up from 36 from last week which is the first Monday. We had 14 homes come on the market, and we had 5 homes go into contract from South City to Redwood City in the first week of 2018.

For condominiums, right now we have 20 condominiums on the market. That’s up from 17 of last week. We had 7 condominiums come on the market, and we had 4 condominiums go into contract.

So total-total, from South San Francisco to Redwood City, single-family homes and condominiums, inventory is 69. A whopping 69 homes for sale right now, really in the first full-work week of 2018.

So again, if you’re thinking of selling your home, this is gonna be a red hot first quarter. Give me a call, I’d love to come out, give you a plan, and ultimately get you what you want and the time you want. Won’t that be great?

Hey thanks for listening and have a great day.

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