Gilmartin Group - Bay Area Real Estate Experts

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Beyond the Minute- Episode 28, Is it the dog days of summer?! Guest Hosts Ali Gilmartin Davis, Katie Gerhardt and Paul Beaudreau

*Special Guest Host Episode!*

Hosted by Ali Gilmartin Davis, Katie Gerhardt and Paul Beaudreau

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is down to 263! As we near the end of summer we have to ask ourselves if we are in the "dog days of summer" and the market is a bit quieter than usual, or is this going to be a trend that continues on for the rest of the year? Ali, Paul and Katie take their perspective on the current inventory of the market and where they think the market is headed for the rest of the year. Paul breaks down a few properties that aren interesting that have been sitting, and Katie goes into some advice for her buyers right now and if you are motivated how to take advantage of some opportunities. With Dan and Tim out on much deserved vacations, their younger associates of the office jump on the mic to give their perspective! Leave a comment to let us know how you liked the episode! 

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Beyond the Minute- Episode 27, It’s the middle of Summer, how does that affect inventory?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to 301. Inventory has been on the rise again, however we still have not reached the peak of 2019 again which stays at 313. Tim is out this week on vacation, Dan dives into the inventory analysis solo, with some segments from Tales from the Street and That Sold for What?! The market seems to be on the right pace for the right timing, however sellers have to be very keen about their pricing as well as doing the right things to prepare their home to come on the market. 

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Beyond the Minute, Episode 26: Is this really a strange market? Listen to hear how unit sales are down, but the median price is up!

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is down on a Holiday week to 259!! That is two weeks in a row with inventory going down. Dan and Tim analyze how real estate agents themselves out on tour have noted that this market seems "strange." However from a numbers perspective this is still a tight inventory strong seller's market. The perspective of "strange" must be coming from the fact that when looking at the overall year over year sales, the amount of units sold is down, however the median price is significantly up! It would make sense that agents are noticing things are different because their sales volume may be lower from 2018 to 2019 because LESS homes have sold. July is showing huge opportunities to buyers that are are still home and shopping and not out of town. Should a new seller wait till August after school starts? Not necessarily! The conversation between agents and buyers themselves is not congruent which seems to be one of the most interesting parts of what is driving the feeling of a strange market place.

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Beyond the Minute- Episode 25, Holiday week, are you shopping for property?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is down on a Holiday week to 296! As we are entering the second half of the year it is interesting to see the inventory go down, however it is also a holiday week with the 4th of July on Thursday of this week. Tim and Dan note that while some agents might think the market is "funky" its a reflection of the market somewhat normalizing since it has been on fire for the last 5-6 years. Properties are still selling in an under 5 week market, and as they point out in "That sold for what!?" there are still properties receiving 200-300 thousand over asking! The average property is selling for 103% over asking price, this would reflect a very healthy market even if some homes are taking a little longer to sell then they had before. With jobs continuing to be created and kept in the bay area and interest rates reaching a new low, the market doesn't seem to be shifting in the near future. The second half of the year is "investors" time of the year, please reach out to Dan or Tim to sign up for Tims investors webinar/ episode! 

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Beyond the Minute- Episode 24: New 2019 Inventory Peak, opportunity for Buyers!

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up to a new peak at 313! As Tim and Dan have been tracking these inventory numbers week over week for over 20 years, they are pointing out the typical trends that the highest point of inventory for the year always lands in June/July. The market seems to be holding its own, while inventory is high the sales per week are still close to 40 week over week which indicates healthy market. The lower interest rates are still driving sales throughout the summer, showing that we have more money on supply than we do have on demand so that is why they are driving lowering of interest rates throughout the year. Dan and Tim analyze a San Mateo property during "That Sold for What!?" that had an extraordinary list price to sales price. Although inventory is peaking, overall from a macro sense this is still a low inventory market, if you look back at 2010 total/total was around 1000 homes/ condominiums for sale. There is an opportunity for buyers right now, less competition and more inventory for sale. 

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Beyond the Minute- Episode 23: Days on market, why aren’t properties flying off the shelf like they were in April/May?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is down to 306 but bounced back to a healthy number of sales we like to see week over week at 40! We do know that June and July is when we peak in inventory however it significantly dropped from last week to this week of June. In segment "that sold for what?!" Dan and Tim analyze a large home in San Bruno that had an exciting list price to sales price. The days a home is on the market can indicate whether the home was priced to sell or if the market indicates that the pricing is off and by how much. We are working in a 5 week market right now which is a reflection of whether you will get multiple offers or not, 5 week or more market means not, under a 5 week market means yes. Pricing a home is super important, it is a marketing tool over the actual value of what the home will sell for.

Send us a note if you would like a webinar and/or episode on how to value your income property, Tim would like to put this together when we have a few more ppl let us know! 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

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Beyond the Minute- Episode 22: Inventory Surge!

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City had an INVENTORY SURGE over the past week creating a new 2019 peak. Total inventory now is at 311 which is still below the peak of 2018 of 344, however shows that we are at that time of year when inventory reaches its highest point. There were a lack in sales last week, however is that a result of the holiday weekend of Memorial Day the weekend before? We did have 48 SFH close escrow last week, the list price sales price ratio was over 100%. Tim and Dan both agree that this is what happens every year when it comes to June, every year. In “Tales of the Street” we go over a property in Hillsborough that sold for a whopping $1800 a square foot which is surprising but a direct reflection of a home that is almost perfect with single story, walkable to downtown even when the inventory is highest in the peninsula in Hillsborough. Also, word on the street is that Stephan Curry is buying or has bought in Hillsborough, GO WARRIORS and welcome to town! Tim and Dan also dive again into the health of the bay area economy as well as the real estate cycles and what do they tell us and where are they going in the bay area. Also some tips and information on Capital Gains taxes and property around here.

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Beyond the Minute- Episode 21: What are some strategies when making an offer on a HOT property?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is slightly down this week, however condominiums are at their new 2019 peak. The market is normalizing for both sides. Meaning there is room for buyers and sellers to be successful in this bay area mid-peninsula market. Our market always operates in a 3% above or below what the asking price is because we live in such a unique part of the country in terms of how Real Estate sales. Tim and Dan dive into a very interesting property in "Tales from the Street" in South San Francisco that has 40 disclosures downloaded, they go into detail on how they would coach their clients to offer on such a "hot" property and what are some of the strategies they would use. What are the options for buying do I wait or do we buy now ? Tim and Dan will also offer advice and strategy as to what to do with a market that is going to keep going up. Both agree that South San Francisco and San Bruno are have huge opportunity for investment. Is there room for cash flow and appreciate on your property simultaneously? Let us know if you would like Tim to put together a special webinar or episode specifically on how to invest in income producing property! 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX

Website: www.thegilmartins.com

Beyond the Minute- Episode 20: PRICE REDUCTIONS!?

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up this week to 283 which is a new 2019 peak! Although the peak last year was 344 we are inching to more and more inventory as the year goes on. We had 25 price reductions, what does that mean about the market does that indicate the market flattening? Dan and Tim think no, however could show the market is "normalizing." If Sellers are marketing their home with the right price, and the right agency it should be selling, they fell in love with the "hot" market place where they have to pivot to understand that the buyers are smart and being off even by 5% makes a huge difference. You cannot price the home at what we think the value is at, but rather below value because buyers expect to offer over. Dan and Tim also pull the curtain back to show if we have priced a home wrong where are we off and how do we correct? They also dive deeper as to what is their logic behind winning in a multiple offer situation on buyer side... tune in to learn some secrets and strategy. 

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

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Website: www.thegilmartins.com

Beyond the Minute- Episode 19: Surge in inventory = surge in sales!

Hosted by Dan Gilmartin & Timothy D. Gilmartin

Website: www.thegilmartins.com

The Bay Area real estate market update…total inventory from South San Francisco to Redwood City is up this week to 268. We are having a surge in inventory which ultimately was a surge in sales with 46 sales in the last week which is reflective of our healthy market. Check out our segment "That Sold for What" on today's episode to get an inside look at some direct examples of homes selling for way over asking shocking the market place in San Mateo. Tim and Dan also reflect more on the economy and how the bay area is thriving, however is directly related to the stock market and if the stock market experiences at length changes it will definitely affect the real estate market of the bay area.  How is the 2.4 million more square feet expansion of Youtube going to affect San Bruno and South San Francisco? Tim encourages to invest there, it will change all the property including multi units there. Jobs are people and people are demand!

Follow the Monday Morning Market Minute: www.thegilmartins.com/blog

Get on the mailing list to get notified when a new episode is released: http://eepurl.com/cmAfCX

Website: www.thegilmartins.com