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, September 5th 2017, with your Tuesday special edition of the Monday Morning Market Minute. Okay, single-family inventory from South San Francisco to Redwood City right now is 111 — that’s down from 124 of last week. We had 30 homes come on the market, and we had 39 homes go into contract — very good number. Condominiums right now, 46 condominiums on the market, that’s way down from 61 of last week. We had 12 condominiums come on the market, and we had 24 condominiums go into contract — that’s a super healthy number. So, from South San Francisco to Redwood City, single-family homes and condominiums, complete total inventory right now is 157 — that’s down from 185; only 157 homes on the market right now. Now to compete for 2017, that number is 233. Last year, this exact same time, the number was 232. So here we are, right after Labor Day Weekend 2017, we only have 157 homes on the market; I cannot tell you or express enough on how hot this market really is. So if you are thinking of selling your home, naturally, we’d love to come out, see your home, put together a plan, 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.