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, November 6th 2017 with your Monday Morning Market Minute.
Okay, single-family inventory from South San Francisco to Redwood City right now, 109 — that’s down from 110 of last week. We had 32 homes come on the market, and we had 42 homes go into contract — very healthy number.
Condominiums, we have 46 condominiums on the market, that’s up one from last week’s 45. We had 16 new condominiums come into the market, and we had 16 condominiums go into contract; very interesting how we’ve been seeing that ‘teen’ in the condominium sales week in and week out.
So total-total, from South San Francisco to Redwood City right now, single-family homes and condominiums, inventory is 155 — that’s exactly the same number as last week, and the week before that was 156; very interesting how we’re hovering right there at the 150-155 number at this time this season, and what really shows is that this market is still moving very good. So if you’re thinking of selling your home, again don’t be afraid of the holidays; now is a great time to get you home prepared to go on the market and ultimately 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.