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Monday Morning Market Minute – March 27th 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, March 27th 2017, with your Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 105, which is down from 110 of last week. We had 47 homes come on the market, and we had 47 homes go into contract — yes, that’s over our 40-number. What a big week in sales. You know last week, you may heard me say, that the inventory expanded a little bit, and the buyers came in and scooped it right up. Condominiums, we have 48 condominiums on the market right now — that’s down from 52. We had 17 condominiums come on to the market, and we had 19 condominiums go into contract — very healthy number. So total-total, from South San Francisco to Redwood City, single family homes and condominiums, the inventory is 153 — that’s down from 162. This market just got a little bit harder. So if you’re thinking of selling your home, now is the time. Simply give me a call. Naturally I’d love to come out and meet you, put a plan together, and help you get what you want and the time you want. Won’t that be great? Hey, thanks for listening, have a great day, I’ll talk to you next week.

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