Monday Morning Market Update – January 19th 2016

    Hi this is Dan Gilmartin part of the Gilmartin Group Real Estate Company here in Burlingame California. With your Monday morning market minute, the third one for 2016. Okay! You got me. It’s Tuesday. Yesterday was Martin Luther King holiday and I went skiing. Sugar Bowl! There was a lot of great powder, it was great fun.

    Ok here’s the activity. The inventory from South San Francisco to Redwood City, 78 single family homes on the market. That’s the same as last week, 78. Here is the activity. Thirty new listing came on the market. Twenty-three sales, homes that went into contract. And then we had six expired that came off the market. Might have been an opportunity there. For the condo market, again from South San Francisco to Redwood City, currently we have thirty-four condominiums on the market. That is up from twenty-three from last week. That’s almost, almost a 50% rise in inventory. We had seventeen new condominiums come on the market and we had five sales.

    The market is still young in the year. It’s still very hot for sellers. I keep saying this, if you’re looking to sell your home this year, now is a great time. Please give us a call (650-348-2020) we’d love to come out to your home, take a look, give you your value, talk about your plans, talk about the year, and put a plan together for you. So that you can get what you in the time you want.

    Thanks for listening. Have a great week I’ll talk to you next time.

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