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Monday Morning Market Minute – September 5th 2016

Real Estate Update – Mid Peninsula

The market remains strong for another week.. Dan Gilmartin explains that and the weekly house inventory numbers.

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Transcript – Hi, this is Dan Gilmartin with the Gilmartin Group Real Estate Company in Burlingame, California, actually currently sitting at the bottom of Lake Spaulding, California Sierra Foothills — September 5th Labor Day with your Monday Morning Market Minute. Okay, single-family inventory, 199. Here’s some great news: 42 homes went into contract. I told you the verdict wasn’t in yet, and that was a very healthy week of sales. Condominiums, currently 53 condominiums on the market with 17 condominiums going into contract — that’s a great week going into Labor Day weekend. So total-total from South San Francisco to Redwood City, single-family homes and condominiums, roughly 245 homes on the market. So if this continues, we’re going to have a great end of the 2016, and a wonderful first quarter of 2017. Hey, thanks for listening, I hope you’re having a wonderful Labor Day, talk to you next week.

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