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, October 9th 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 1 tick of 144 of last week. We had 40 homes come on the market, and we had 32 homes go into contract which is down of last week’s 48, but right around the 2017 average of 35.
Condominiums, we have right now 50 condominiums on the market, that’s down from 58 of last week. We had 19 condominiums come into the market, and we had 15 condominiums go into contract; little bit lower than last week but still a pretty healthy number. So, from South San Francisco to Redwood City, single-family homes and condominiums, complete inventory right there, 195. That’s down from 202 of last week. And if you heard me say in the past, we’ve gone over the 200-market 8 times this year, and we’ve yet to stay, week over week, to stay in the 200 or 200 higher.
So, market is still super strong for sellers, so if you’re thinking of selling your home, naturally I’d love to come out and see your home, put a plan together, and ultimately 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.