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Monday Morning Market Minute – June 12th 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, June 12th 2017, with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 145 — that’s down from 157 of last week. We had 37 homes come on the market, and we had 47 homes go into contract —  that’s a very healthy number. Condominiums, we have 60 condominiums on the market — that’s up slightly from 54 of last week. We had 22 condominiums come on the market, and we had 16 condominiums go into contract — that’s a pretty healthy number as well. So, total-total, single-family homes and condominiums from South San Francisco to Redwood City right now inventory is 205 — that’s down from 211. Here’s something to think about: there’s roughly 90,000 homes — single-family homes and condominiums — about 90,000 homes that are from South San Francisco to Redwood City, and we have 205 homes on the market. To say that this is a sellers market is a little understated. So, if you’re thinking of selling your home, give me a call. Naturally, I’d love to come out, see your home, put a plan together to help you get 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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