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Monday Morning Market Minute – May 2nd 2016

Real Estate Update – Mid Peninsula

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Transcript – Hi, this is Dan Gilmartin, Gilmartin Group Real Estate Company in Burlingame, California, May 2nd 2016 with your Monday Morning Market Minute. Okay, single family inventory from South San Francisco to Redwood City, currently today is 170. In 2008 — does everybody remember 2008? Inventory then on this date, 546. 546 homes on the market from South City to Redwood City. It’s over 3 times the inventory. Very very interesting number. We had 44 homes come on to the market, and we had 51 go into contract. That’s a healthy number, 51. More sales, went into contract, then homes coming on the market. Condominiums, we have 60 condominiums on the market. That’s 3 weeks in a row. 60. We have 21 condominiums that came into the market, and we had 18 pending. So, where do we go from here? Inventory is still gonna rise here through June and July. If you’re thinking of selling your home, naturally I want you to give me a call, so I can come out to your home, take a look, give you a plan and show you how we can help you get what you want and the time you want it. Won’t that be great? Thanks for listening, have a great day, and I’ll talk to you next week.

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